Did you know that estate taxes, commonly referred to as "death taxes," apply to the transfer of property at death? The federal government imposes estate taxes on estates exceeding certain thresholds. However, the landscape of state-level estate and inheritance taxes varies significantly across the country. For purposes of this article, we will focus on Florida. In...

As we approach 2025, individuals and families, not just the ultra-wealthy, must understand the potential changes in tax law. For instance, particularly concerning is the area of estate planning. The current estate tax exemption, provided under the Tax Cuts and Jobs Act of 2017 (TCJA), expires on 12/31/2025. This change could significantly impact estate planning strategies....

Did you know the Corporate Transparency Act (CTA) is set to go into effect on January 1, 2024? This Act represents a significant shift in the way reporting companies in the United States must disclose their beneficial ownership information. As a Florida estate planning law firm, we know how crucial it is to both understand the...

Planning to pass on your hard-earned assets to your loved ones is a heartwarming endeavor. You want to ensure that your family's future is secure and that they inherit the wealth you've worked diligently to accumulate. However, the looming shadow of estate taxes can turn this blessing into a burden without the benefit of a disclaimer...

It may be no secret that we live in a litigious society. Business owners, people worried about an expensive divorce, working professionals who operate in a legally treacherous environment, and others are all potentially at risk of devastating lawsuits. Did you know, however, that a Domestic Asset Protection Trust is one way to protect yourself? Defining...

As a business owner, you invest significant time, effort, and resources into building and growing your enterprise. Naturally, you want to ensure that your hard work and the value of your business are protected and continue to thrive, even after you are no longer around. While creating a Florida last will and testament is a crucial...

Periodic estate planning updates will assure your legacy. The birth of a child is a life-changing event that brings new responsibilities and considerations for every parent, whether it is their first child or their fourth. As a parent you have so much to do, but it is critical that estate planning updates are at the top...

Digital Asset Estate Planning Is An Evolving Field In the digital age, estate planning has become more complex due to the increasing digital asset presence that needs to be included. Digital asset estate planning refers to cryptocurrency, stablecoins, and central bank digital currency. These assets also encompass a wide range of items, including online accounts, social...

Family LLC Estate Planning Benefits Family LLC estate planning can add a level of separation between personal and business assets, increase management options, provide estate tax benefits, and address succession planning. Do you have a Florida estate plan right now? Are you looking for ways to improve your plan for yourself, your loved ones, or your...

Have you considered using a special needs trust in your estate planning? When you have a loved one facing a significant disability or other challenge, your experienced Florida estate planning attorney may recommend a special needs trust, or supplemental needs trust, as a planning tool to reach your goals. Through a special needs trust, you can...