Is Intellectual Property Part Of An Estate Plan?
Estate planning ensures that your assets are distributed according to your wishes after death. Regarding estate planning, most people usually consider tangible assets like real estate, bank accounts, and personal belongings. As a result, intellectual property (IP) is often overlooked. In Florida, incorporating intellectual property into your estate plan can be...
What Happens if You Write the Wrong Date On an Estate Planning Document?
We all have undoubtedly had situations where we unconsciously put the wrong date down on a piece of paper, whether it be a check issued in the new year that still has the prior year or some other mistake with an incorrect date. However, placing the wrong date on an executed estate...
Who Gets The Family Pet? Pet Trusts In Estate Plans
In Florida, Pet Trusts give pet owners a unique and practical way to ensure their beloved animals are cared for after their passing. These legal arrangements allow individuals to allocate funds and appoint a caregiver for their pets, ensuring their welfare is maintained according to the owner's wishes. With Florida's specific statutes...
How To Manage Inheritances Without Conflict In A Blended Family
To prevent future conflicts, estate planning for blended families can be tricky, requiring careful consideration and strategic action. When families merge, the complexity of relationships and financial entanglements increases, making it essential to create a well-thought-out estate plan that respects the wishes of all parties involved. By addressing these challenges proactively, you...
Securing A Special Needs Trust Before A Child Reaches 18
Special needs trusts (SNTs) are crucial tools for families in Florida with children who have disabilities. These trusts allow parents or guardians to set aside funds for the child's future care without jeopardizing their eligibility for government benefits.
In Florida, it is not a requirement that an SNT be...
Funeral and Burial Planning – Should it Be Part of Your Estate Plan?
Planning for the future is essential, and incorporating funeral arrangements into your estate plan in Florida is a thoughtful step to ensure your final wishes are honored. By addressing funeral arrangements in your estate plan, you can provide clear instructions for your loved ones, alleviating the emotional and financial burden during a...
Key Questions To Ask When Determining If You Need A Probate Attorney
When the death of a loved one occurs, it is overwhelming from an emotional perspective. And then come the potential issues of sorting out the person’s estate as well at that point. When dealing with the estate of a deceased person in the Tampa area, deciding whether you need a probate attorney...
Valuing and Transferring Ownership Of Your Florida Business
When it comes to valuing and transferring ownership of a business in Florida, entrepreneurs must grapple with a unique blend of local market conditions, state-specific regulatory requirements, and economic indicators that influence the valuation of a company. The process of transferring ownership is a strategic endeavor that demands meticulous planning and expert...
Creative Ways To Minimize Estate Taxes
Avoiding or minimizing estate taxes is an important goal of estate planning. Even in states like Florida, where while there is no state estate or inheritance tax, residents are still subject to federal estate taxes. Fortunately, there are many strategies available to help reduce Federal estate taxes:
Can A Handwritten Will Hold Up In A Florida Court?
It is important to think about putting a will in place, especially when you get married or have children, or some other significant event takes place in your life that would make designations and protection of your assets necessary. Sometimes you might not want to go through the process and expense of...