Florida residents may be interested in learning that several changes to federal estate and gift tax laws go into effect starting in 2014. Some of these changes will allow more money to be passed on to family members and others before federal taxes are imposed. For...
Of all the words associated with estate planning, probate carries one of the most negative connotations. Many Florida residents' views of probate are so gloomy that they set up their wills and estates in order to make every effort to avoid probate. Probate can be an...
Florida residents who think about estate planning often focus on drawing up a will or deciding who will get their assets when they pass on. While these are all important parts of estate planning, people should also think about their digital legacy. Due to the fact...
A recent study indicates that while many senior citizens with terminal illnesses would prefer to enjoy their last days in hospices or in the comfort of their own homes with those they love, an alarming number of them spend their last days in the hospital. Florida...
Florida residents who have questions regarding estate planning may be interested in learning about how important beneficiaries are to the entire process. Beneficiaries are important in the process of drawing up wills; however, they are also key as far as other...
A dispute one year in the making has found its way to federal court. Representatives for the estate of deceased pop legend Michael Jackson have filed challenges to the IRS' levies on the value of Jackson's likeness and image. The penalties associated with the IRS'...
In a prior post, we highlighted how younger generations (specifically millennials) in Florida look at estate planning differently than baby boomers. They are not as enamored with passing down and receiving family heirlooms compared to older generations, and they are...
Last week's lottery winners have experienced a life-changing event. Winning millions of dollars obviously can make one very popular (and infamous) at the same time. Stories abound of lottery winners blowing through their winnings in less than a decade, and some (like...
When children or other heirs think about their possible inheritance, it most often elicits a discussion about a positive sum of money, grandmother's diamond ring or some other positive asset. The truth is that this isn't the only type of inheritance an heir might be...
As more information is released about late actor James Gandolfini's estate, people in throughout Central Florida are learning about how to structure their estates so that heirs and beneficiaries can enjoy the most of what is left to them. The actor best known for...
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