Estate Planning

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Some Florida residents might wonder how they should change their estate plan if the federal estate tax is repealed.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...

While Florida residents and others who have a will should be commended for taking that step, an estate plan is more than just that one component. Ideally, it should be considered a comprehensive strategy to protect assets in retirement and beyond. For example, a...

Florida residents who are creating estate plans such as wills, trusts and powers of attorney may find it difficult to name a person who should become responsible in the event they die or can suddenly no longer make decisions for themselves. In many cases, one person...

One thing that may occur in the not too distant future is the elimination of the federal estate tax. It is something that President Trump called for during his campaign, and it has some people wondering if they'll still need to worry about creating an estate plan if...

Some Florida residents who are creating an estate plan may think of assets as tangible things, but they might own digital assets as well. These can range from libraries of music to Bitcoins to credit in accounts, domain names and online businesses. Some digital...

Florida residents are doubtlessly familiar with the old adage that nothing is certain in the world except for death and taxes. While death may be certain, what happens to a person's assets after he or she passes on depends on whether or not he or she made an estate...

Most Florida adults should create an estate plan, but they might be overwhelmed by the idea and not know where to start. However, an individual can take a methodical approach to the process. It may be best to work with a professional because if an estate plan is not...