Estate Planning

Baby boomers in Florida and throughout the country are the wealthiest generation in the country's history, and until the millennials, they were also the most populous. As they age, they are preparing to deal with an estimated total of $30 trillion in assets. However,...

According to a 2011 poll, around 60 percent of U.S. residents have not made a will. Some Florida residents might not have one because they think estate planning is only for older people. However, there are a number of reasons people of all ages should consider...

Florida residents may want to be wary of the deadliest holiday of the year, Thanksgiving Day, as it kicks off an entire season of higher death rates. In part, these deaths are because of the cold weather and more flu, but on Thanksgiving Day, the high death rate is...

Currently, American taxpayers pay personal federal income tax rates of 10 to 39.6 percent. Higher income earners may also be faced with a 3.8 percent surtax on investment income, which pushes the effective top tax rate to 43.4 percent. However, that may come down in...

While Florida entrepreneurs may spend most of their time trying to grow their companies, it should not come at the expense of estate planning. An estate plan may help to ensure that a lifetime of work doesn't unravel because of a sudden illness or becoming mentally...

Even youthful and healthy Florida residents can be left incapacitated following a workplace or automobile accident. Powers of attorneys designate trusted individuals to make important medical or financial decisions in these situations, and having these documents in...

To ensure that ownership of certain assets are transferred according to their final wishes, Florida residents should know that there is a distinction between beneficiary designations for a financial account and a bequest detailed in a will. Regardless of the language...

Wealthy individuals in Florida may decide to help entrepreneurs to form small startups with investments of capital called 'angel investments." An angel investor usually helps a startup that is in its first stages by providing a one-time investment or ongoing...

One estate planning tool that some Florida residents may find to be helpful is a revocable living trust. These instruments hold the assets placed in them by their grantors. The grantors may then use the assets while they are alive, transferring them directly to the...

People in Florida who are creating an estate plan might be concerned about how their grandchildren will pay for their education and may wonder if an education trust is the answer. It is possible to use a 529 savings plan for college funds, and compared to that, an...