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...
The Health Care Advocate's Time Has Come. Health Care Advocate? What is that? We are facing unusual times. The spread of COVID-19 across our nation and the resulting pandemic changed our perspective on life and raised 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...
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...
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