Florida remains a popular destination for retirees, and issues concerning senior citizens are treated with importance in the state. A report published on Jan. 20 in JAMA Internal Medicine highlights a growing trend in healthcare where family members are left to make...
Estate Administration
The impact of playing favorites with an estate
Estate planning is critical for people of any age in Florida and around the country. Having a clear plan in place can prevent discontent from brewing between family members. However, it is important that the children of the deceased get to share in the wealth when...
Trustees battle late artist’s trust for $60 million in fees
The three trustees of the estate of a deceased Florida artist are now pursuing nearly $60 million in trustee fees. The trustees were friends of late pop artist Robert Rauschenberg, who died in 2008 and left a $600 million estate to a trust which would primarily...
Avoid a common estate planning mistake
One of the most common, yet potentially harmful mistakes Florida residents can make when estate planning is not keeping their beneficiary designations up to date. Because a beneficiary designation takes precedence over a will, it is important for Floridians to review...
Based estate planning documents that individuals need
Florida residents might like to know that, according to information from RocketLawyer.com, half of people with children and 41 percent of individuals between the ages of 55 and 64 do not have a will. Without a will, it will be up to the state to determine how...
Ensure your estate plan holds up
Families working out how their patriarchs and matriarchs will pass on assets after death may want to hear what one respected financial adviser has to say on the matter. To start, avoiding errors caused by the process's complexity is the first step to successful estate...
Estate planning tips
Estate planning is not a comfortable topic for a lot of Florida residents. Only 43 percent of Americans have a will although most people understand that a beneficiary must be designated or default state regulations, such as probate court, come into play. Some people...
No estate rights despite acquittal
Residents may be interested in a New York judge's November ruling that barred a woman who was acquitted of murdering her three children from sharing in their $350,000 estate. This estate planning case set precedent, addressing the state's Son of Sam legislation, which...
Estate planning and state taxes
Currently 19 states and the District of Columbia have no state estate taxes. As a result, many states such as Florida that have no state income or estate taxes attract people with large estates who live in other jurisdictions as they plan for the future. Although you...
Why draw up a will
Florida residents of all ages should be sure that they have a will in place. While many people assume that creating a will or dealing with estate planning is something that will need to be dealt with when they are older, both are actually essential to ensuring that...
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