Estate Planning

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...

Georgia residents may be surprised to learn that more than half of Americans admitted to not having a will, according to a 2016 Gallup survey. While state laws typically designate people's belongings to their spouses or children in the event they die without a will,...

Florida parents may be able to gift parts of their estate to their children while they are still alive, but they should try to do so in a way that avoids paying additional taxes or creates other complications. For example, it is better to give assets that have not...

Florida residents who are creating an estate plan should consider how they would like their assets to be distributed if one or more of their beneficiaries dies at the same time or shortly after they do. Failing to plan for this could result in assets being tied up in...

Florida residents probably have many accounts and records stored electronically. While this may make access simple, having a central location to ensure access to passwords, PINs and access keys is important to avoid problems in settling their estates after they die.It...