Will a GRAT Help Fund Your Retirement?

Walter had accumulated a modest fortune during his years as a successful businessman. As he looked ahead toward retirement, his estate planning attorney suggested some options that might provide him with an income. They considered several strategies, including buy-sell agreements and trusts. Walter was most interested in a GRAT. What is a GRAT? GRAT is an acronym meaning Grantor Retained Annuity Trust. The grantor Read More

Retirement for the Small Business Owner

Many small business owners spend so much time managing their company’s current needs, they don’t think about planning for their own needs. Instead of putting aside money for retirement, business profits may be plowed back into the business through expansion, increased expenses, or development of new business lines. However, retirement for an entrepreneur is serious business, something that should be considered as Read More

Retired and Getting Married?

Blended families are nothing new. Many baby boomers are at or beyond retirement age, single, and looking to get married. But if you’re retired and thinking of getting married, there are some important things you’ll need to consider, including making some changes to your estate planning. Review Your Documents. Before walking down the aisle, set up an appointment with a Florida estate planning attorney. It’s entirely Read More