Examining the Pros and Cons of a Revocable Living Trust
Revocable living trusts have become a popular estate planning tool in recent years. Trusts offer several major advantages over a traditional Last Will and Testament, but they may not be right for every person. Below, our Tampa estate planning lawyers review...
Plan Carefully to Pass Down Your IRA Assets
Individual retirement accounts have become a significant asset for most Americans. According to the Investment Company Institute, Americans hold over $9.2 trillion in individual retirement accounts (IRAs). Over 43 million people own IRAs and these accounts have an average balance of over $100,000. With such significant...
The Dangers of DIY Wills
In the digital era, it is easy to find almost anything you search for online. Those seeking to create their own will online will find no shortage of standard form type wills. The problem with...
Debunking Common Estate Planning Myths
Estate Planning for Your Illiquid Assets
Estate Planning for Snowbirds
With its sunshine and warm temperatures, Florida is the ideal second home for so-called “snow birds,” or those who live in colder states, but come down to Florida every winter. Every year, Florida will welcome between 900,000 to one million seasonal residents...
Don’t Wait Until Your Death Bed to Make an Estate Plan
It’s natural to want to put off creating an estate plan. After all, few of us wish to contemplate what will become of our assets and loved ones after we die. At times, people procrastinate making an estate plan for so long that they end up...
Key Terms to Know While Making Your Estate Plan
The field of estate planning is mired in confusion for many of us. Terms like “intestacy” and “testamentary capacity” may elicit uncertainty in the minds of individuals with limited exposure to the estate planning world. Unclear on the definitions of many estate planning terms...
Real Estate and Your Estate Plan
Real estate has long comprised a large portion of many investor’s estates. Now, with the passage of the Tax Cuts and Jobs Act of 2018, many investors may wish to consider making real estate a larger part of their portfolio because...
Asset Protection Strategies for Floridians
In our litigious society, all of us are potentially at risk of seizure of our assets due to various forms of liability. Liability for debts can arise due to accidents, malpractice, breach of a personal guarantee, and many...