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 motorists may be able to identify some safer vehicles by looking at a study by the Insurance Institute for Highway Safety that examined driver fatality rates in different types of vehicles. The IIHS looked at data for vehicle models from 2011 to 2015 and found...
Florida residents might like to know how their state fares when it comes to children's safety during automobile accidents. In general, fatalities involving children below the age of 15 were most common in the South and least common in the Northeast. Common causes of...
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...
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