Did you know that Individual Retirement Accounts are outstanding tools for a broad range of Americans to prepare for their post-working years? They are not, however, without drawbacks. Understanding the pros and cons of these popular investments can help account holders decide whether to contribute more during this year’s extended deadline. Due to the COVID-19 crisis,...
Did you know that you are never too old or too young to begin estate planning? In many cases, the process leads to a greater awareness of what is truly important and how to protect it. Family and finances are the most common estate considerations, but another critical aspect is health care. Too often, younger adults...
Alzheimer’s Disease is a well-known problem in the United States, but many people fail to appreciate how devastating the disease truly is. Did you know that Alzheimer’s is the sixth leading cause of death in the U.S. and that seniors live on average just four to eight years after a positive diagnosis? Or that Alzheimer’s is...
Do you remember when you were a little kid and your mom told you to put your favorite toy in a safe place? Then, you put it somewhere so safe that you could not find it? Believe it or not, the same thing can happen with your valuables now as an adult. When it comes to...
Did you know gifting estate assets to family members is a common strategy for avoiding estate taxes levied after you pass away? It is not, however, as easy as handing over property and investments and calling it a day. Knowing the rules of estate planning and utilizing specific wealth-building strategies can not only help you mitigate...
When it comes to estate planning in Florida, we all have goals. We have goals for ourselves, our children, our businesses, and also for our legacy. We know that you have dreams and plans for your legacy.  While many people think about the here and now, which can include health care decision-making, financial decision-making, and plans...
There has been much conversation and many discussions in the news surrounding the use of a Living Will during the Coronavirus pandemic. While most statements are correct, others range from mild to dangerous. For example, some claim you will not receive any medical treatment should you have a living will while others state that you will...
We are facing unusual times right now. While you know this as well as we do with the spread of the novel Covid-19 across our nation and the resulting pandemic, we also know that you have questions about what the future holds. You may not only be facing uncertainty when it comes to your job or...
Did you know the federal estate tax can reach up to 40 percent of a deceased person’s wealth after $11.58 million? Obviously, wealthy families at risk of losing nearly half of their taxable estate to a “death tax” would benefit from pursuing estate planning strategies to mitigate their estate tax exposure. It is not just the...
A good estate plan is something that every Floridian can benefit from. No matter how old you are, how much money you have, what you do, or where you live, this is a critical tool that you need for yourself and your loved ones. Unfortunately, estate planning often gets labeled as something only for “old” people...