Estate Planning

Open communication can be one of the most important steps for Florida families when preparing an estate plan. Vehicles like certain types of trusts, life insurance investments and family limited partnerships can be important mechanisms for wealth transfer across...

An estate plan is important for all Florida adults even if they do not have a large amount of assets. It can be important to family and loved ones who will be saved the stress of dealing with these details. An estate plan can also be used to help reduce family...

Florida residents who are creating an estate plan may want to consider an IRA trust for their retirement account. These types of trust have become more popular since 2014 when the Supreme Court ruled that inherited IRAs were not protected from creditors. However,...

While it benefits all Florida couples to have an estate plan prepared, there are a few reasons it is especially important for same-sex couples. For example, same-sex partners might need powers of attorney in addition to wills so that a partner can act on one's behalf...

Florida residents may have a will as part of their estate plan. However, it may be necessary to include other documents, including a Letter of Final Wishes, with a plan. This letter may be the best place to include information that has no place in or is inappropriate...

Florida residents who are creating an estate plan may be concerned about leaving money to an adult child or another loved one who they believe may be financially irresponsible. One possible solution for this is a spendthrift thrust. This type of trust might also...

When Florida residents put an estate plan in place, they are often primarily concerned with ensuring that their assets will be passed to their heirs in accordance with their wishes. While this can be accomplished by drafting a last will and testament, adding trusts to...

Some Florida residents might wonder how they should change their estate plan if the federal estate tax is repealed. People with large estates who anticipate having to pay some estate tax have most likely designed their plan with this in mind. Reviewing the documents...

Florida residents who are creating an estate plan might be concerned about keeping the wealth in the family and protecting it in case one of their children gets a divorce. The first step may be to simply to discuss the estate plan and the need to preserve wealth with...

Florida residents who are interested in leaving some or all of their assets to their favorite charity may want to consider using a charitable trust. Rather than naming a specific beneficiary, a charitable trust's purpose may include contributing to the advancement of...