Reviewed by Alison Hickman, Esq. Is the current value of your estate near the proposed tax limits? One of the many reasons people conduct estate planning may be to designate the beneficiaries of their assets and to avoid unnecessary payment of taxes. Currently, Florida residents are subject to only federal estate planning taxes, as there… Read more »
Did you know that creating an estate plan can give you the power to determine what happens with your estate after you pass, and offers protection for you and your family? Let us review five benefits to planning your estate with a knowledgeable attorney. You get to decide what happens to your assets. Whether you… Read more »
Did you know that Florida is the third most populous state, and that nearly 1,000 people move to Florida every day? People come for many reasons, such as retirement, weather, low taxes, and jobs. Moving to the Sunshine State, however, is different than becoming domiciled, which can be important for estate planning, taxes, and other… Read more »
Reviewed by Kellen Bryant, Esq. Parents, have you considered the fact that, when your child turns 18, you may lose the automatic ability to make healthcare decisions for them? Regardless of whether your son or daughter remains covered by your health insurance or remains financially dependent upon you, adulthood begins at 18 under the law.… Read more »
Reviewed by Mike Jorgensen, Esq. Having an out-of-date Florida estate plan may sometimes be worse than not having one at all. If your old plan designates others that you do not want making decisions, it may be worse than not having one at all. The best practice by far, however, is to have a current plan… Read more »
Estate planning tends to be a foreign concept for most people. Besides creating a last will and testament and placing funds into a trust, many of us do not know all of the planning options available or how those options protect our assets. Without planning, your estate may end up in probate when you die. A… Read more »
Reviewed by Mike Jorgensen, Esq. As a Florida senior, what are your estate goals for yourself and your loved ones? Many of the more experienced citizens share with our elder law attorneys that they have two goals. First, they want to make sure they protect themselves in the event of sudden incapacity. Second, they want… Read more »
Reviewed by Mike Jorgensen, Esq. There are less than two weeks left before the April 15th tax filing deadline. While you are no doubt busy compiling the information and documents you need to file, as a senior, are you aware that taxes and estate planning often tie into one another? Many seniors may already have… Read more »
Reviewed by Mike Jorgensen, Esq. We know it can be difficult to think about who will handle your affairs in the event you become unable to do so yourself. Have you ever considered, however, how stressful it would be for your loved ones to make important medical or legal decisions on your behalf with no specific… Read more »
