Are you aware that there are different types of trusts? If you are planning to create an estate plan, you should be familiar with the basic types of trusts. In the following paragraphs we will discuss some of the basics about trusts and their differences. To start, who are the parties involved in a trust? The...
The decision to move to Florida is an exciting one. Whether you are coming from the extreme northern regions or looking for a change of pace from a neighboring state, no one can argue how great it is to live in a state with perpetually warm weather, gorgeous beaches, and great restaurants. While these are great...
Estate planning continues to be under attack on a national level. Every year, as an experienced Florida estate planning law firm, we watch as both the state and federal government look to hard-working Americans and the generational wealth that they accumulate over their lifetimes as a way to pay for the national debt. We know just...
Irrevocable trusts are often recommended as part of estate planning for families in a variety of circumstances. Whether you have a high net worth and want to use a trust for tax purposes, or you want to ensure that your children’s finances will be handled in the event of your untimely passing, there may be many...
Is it uncommon for autistic children to receive large sums of money?  Not really.  Grandparents, parents, and other relatives may provide for them in their will or trust. They may also be the recipient of a payout from a lawsuit, such as a birth injury lawsuit. Are you aware, however, that if your autistic child receives...
Sometimes, disputes about trust agreements arise. Did you know that a trust agreement can include arbitration clauses? Arbitration allows resolution of disputes outside of a courtroom. It differs from mediation as the arbitrator decides the outcome of the dispute whereas a mediator facilitates the finding of a mutually acceptable solution if possible. While you can include...
The Tax Cuts and Jobs Act (TCJA) nearly doubled the federal estate tax exemption amount. This, however, is set to be reduced by roughly half in 2026, unless Congress takes steps to increase the longevity of the larger exemption amount. With the potential for the federal estate tax exemption amount to be subject to a significant...
Have you been planning to remarry? If so, it can be important to understand some key estate planning issues that may be directly impacted by remarriage. Election Against The Will - Overruling estate plans The first issue to be aware of is that Florida, unlike many other states, allows a spouse to elect against the will...
If you own more than one home, what determines your legal residence? If you work or go to college across state lines, which state can you legally call home? Such questions depend on where you are domiciled, or the place where you maintain a permanent residence. You can have more than one home, but only one...
Were you aware of the fact that there are many different types of trusts in estate law? For example, a marital trust can be a legal arrangement that transfers assets to a surviving spouse after the trustmaker’s death. A credit-shelter trust allows married couples to take full advantage of state and federal estate tax exemptions. A...