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What is a family limited partnership? Family limited partnerships or FLPs (also know as family limited liability limited partnerships or FLLLPs) are a type of partnership designed to protect your family business and assets for future generations. FLPs can be used to reduce your overall estate taxes and gift taxes, which under current law are...

How might my second marriage affect my estate plan?

American families today are increasingly blended.  It is estimated that about four out of every ten new marriages include at least one person who has been married before, according to data released by the United States Census Bureau.  Estate...

What is the role of a successor trustee?

The successor trustee is the person who will take control of the trust after the grantor dies or becomes unable to complete his or her role.  Often, those named as successor trustee never seek out legal advice about their role and may informally assume...

What happens if I die before naming a guardian for my child?

Our children are our most valued assets.  While none of us want to consider the possibility of dying and leaving our children behind, it is imperative that Florida parents take action now to protect their children in...

We have all likely heard probate horror stories.  Probate actions that took years to complete, hundreds of thousands of dollars spent on taxes, and family members that received nothing from their loved one’s estate.  It is critical that Floridians understand what assets must go through probate, and which do not, so...

How should I broach the topic of estate planning with my parents?

Bringing up the topic of finances and the future with your aging parents is never easy, but putting off these hard subjects can prove devastating.  Discussions about finances can lead to thorough estate planning, which will positively impact you and your...

Are electronic wills the estate planning tool of the future?

Today, it seems like everything that was once on paper has moved to the internet.  Estate planning is no different, with electronic wills rapidly becoming a topic of interest in the estate planning realm.  An electronic will is one that is signed on...

What estate planning steps should I take to protect my family?

None of us want to consider the eventuality of our own deaths, but avoiding the topic of estate planning can leave your family in a precarious position.  With a little forethought, you can plan for the end of...