Discussing Estate Planning with Your Parents
How should I bring up the topic of estate planning with my aging parents?
More than half of all Americans, including a substantial minority of seniors, have no estate plan. Many of us shy away from discussing what we perceive as a morbid topic, so we rarely ask friends or family about...
Discussing Estate Planning with Your Parents Continue reading…
How to Create a Valid Will in Florida
A Last Will and Testament can be used for a number of important things. Most people are aware that a will can instruct who you will leave your property to after you pass away and who will be in charge of administering your estate. A will can do much more, though. A will allows...
How to Create a Valid Will in Florida Continue reading…
Consider Estate Planning Before the 2020 Election
What changes could come to the field of estate taxation if a new President takes office?
The 2020 US election is fast approaching and the outcome of the race for the presidency could have far-reaching effects. From an estate planning perspective, estate tax minimization may be particularly affected by the result. Estate tax receipts by...
Consider Estate Planning Before the 2020 Election Continue reading…
Why Would You Want to Estate Plan to Avoid Probate?
Probate, the court-overseen process of settling the estate of a deceased individual, has become something people are always talking about avoiding. Probate, among many other things, involves the gathering of assets and the distribution of property from a decedent’s estate to his or her heirs. It is also the time when any creditors...
Why Would You Want to Estate Plan to Avoid Probate? Continue reading…
What to Include in a Business Succession Plan
The most effective and comprehensive estate plan includes planning for all aspects of our lives that are important to us. It plans for family. It plans for loved ones. It plans for well-being, both health and financial. It also plans for things like business. People invest more than just money in creating and building...
What to Include in a Business Succession Plan Continue reading…
Why Establish an Irrevocable Life Insurance Trust?
An Irrevocable Life Insurance Trust (ILIT) is a trust specifically established to own your life insurance policy for you. You establish the trust by transferring ownership of your life insurance policy to the trust. The fact that it is an irrevocable trust means that it cannot be rescinded, changed, or amended after it is...
Why Establish an Irrevocable Life Insurance Trust? Continue reading…
Current Laws Surrounding Cryptocurrencies
How do I best ensure my heirs receive my cryptocurrencies?Cryptocurrency soared in popularity and value in recent years. As more of our economy has moved to the digital world, it is perhaps no surprise that our currency is becoming digitalized. Digital currency allows for ease of transfer at any time of the day. Over...
Current Laws Surrounding Cryptocurrencies Continue reading…
Common Causes of Probate Delays
There is a reason so many seek to avoid or limit probate proceedings when they are estate planning. For starters, probate can be expensive. Also, probate can drag on for quite some time. There are a number of different factors that can contribute to significant delays in probate proceedings. Depending on how many...
Common Causes of Probate Delays Continue reading…
Contesting a Will
There are many reasons why the validity of a will may be challenged. In most cases, however, a family member may feel that he or she has been wrongfully cut out of a will or that the contents of the will do not appear to accurately reflect what they thought would be in there....
Contesting a Will Continue reading…
Estate Planning for Smaller Estates
Will My Small Estate Need to Go Through Probate in Florida?Some of us will have smaller sized estates. Perhaps you are just starting off in your career, single, or elderly, you may not have that many assets. Those with smaller sized estates may find themselves wondering whether they really need an estate plan and...
Estate Planning for Smaller Estates Continue reading…