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...
As a Florida estate planning attorney office, we do so much more than help families transfer wealth to loved ones at the time of their passing. While this is a critical part of our process, we also ensure that each of our clients and their families are protected during life as well. We not only create...
Did you know a Florida Irrevocable Life Insurance Trust is a type of trust established during life that is specifically designed to own a life insurance policy, and the requisite death benefits, after you pass away? The main benefit to an Irrevocable Life Insurance Trust, also referred to as an ILIT, is tax avoidance, but other...
Did you know a Standalone Retirement Trust is an estate planning vehicle that can serve as the beneficiary of unspent tax-qualified retirement accounts when you die? In other words, you work, save, and invest over the course of your working life to build up an Individual Retirement Account (IRA) or 401k, and if there are any...
Estate planning is of critical importance to all Floridians. While research continues to show us that many individuals mistakenly choose not to plan ahead, we often find that this comes from a lack of understanding. Often, potential clients share with us a number of reasons why planning remains unimportant. From “I don’t have enough assets to...
For years, Florida has enjoyed a reputation as a choice retirement destination. This is due largely to our climate and amenities for older Americans. In truth, our beaches, attractions, and the lack of state income tax make it an attractive place for younger Americans, too. In any case, there are certain steps associated with becoming a...
When you first made your estate plan you likely made it a priority to describe how you wanted your children to be taken care of if something happened to you. You likely referred to someone that would take in your child and care for him or her as you would. You may have written down one...
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act, or the SECURE Act, was signed into law. Congress passed the legislation with the stated goal of helping Americans accumulate more assets for retirement. Accordingly, lawmakers expanded access to “tax-advantaged” retirement accounts, such as 401(k)s and Individual Retirement Accounts (IRAs), among other things....
Did you know that studies continue to share that the majority of Americans today do not have any estate planning? This means they have not created the lifetime documents, as well as the estate planning tools, that can ensure they are protected against uncertainty in their future. All too often in our office, we meet with...
Thanks to the internet, handling your own legal matters may seem easier than ever before. The information and forms needed to create a will, trusts, healthcare directives, and more, are all readily available online. Accordingly, many people believe that using these resources is a simple, affordable alternative to hiring a lawyer. What they often do not...