There are a number of issues those residing in Florida or elsewhere deal with when making their plans for their estates. One of the biggest concerns those with significant assets face, though, is taxes. When estate planning, certain actions may be taken to help ensure...
Heirs & Beneficiaries
Millionaire sports owner facing incompetency claim
When an older person changes his or her estate plan to partially or totally disinherit someone, there is a good chance that the move will lead to a court challenge. This is especially true if millions of dollars are at stake. One common challenge to a will amendment...
Getting at online assets can be tricky after the decedent passes
Some people in Florida have no Internet presence besides an email address. Others have fully bought into the digital age, and do a great deal of business online. They may also store important documents online, for the sake of convenience.This may make you wonder if...
Deciding how to handle secondary beneficiaries
Even a seemingly simple estate plan can be more complicated than it seems. One thing that requires a great deal of consideration is who your secondary beneficiaries will be.For instance, it is very common for married couples with children to have an estate plan in...
Florida Senate passes guardianship reform bill
It was back on March 25 that we reported on the bill lawmakers in Tallahassee were considering that would amend Florida’s guardianship laws. At the time, supporters of reform said that unscrupulous guardians are taking advantage of elderly, vulnerable clients,...
How can I avoid sending my estate through probate?
As we pointed out in our previous blog post, shepherding a will through probate can take a long time, sometimes years. In addition, if your estate is large enough, it could be subject to extensive taxation. Your heirs could receive less than you wished to leave them....
How long does formal administration take?
Fulfilling the terms of a will usually is not as simple as bringing the family together and handing out checks and deeds. Florida law has a set procedure that ensures that minimizes the chance of errors, and gives creditors the chance to be paid off by the...
Gifting to keep estate taxes low
Along with estate planning come tax considerations. Taxes and expenses easily can deplete the assets we would like to preserve and pass on to our heirs.The tools that estate planning’ attorneys prepare for their clients sometimes minimize both taxes and expense....
What if my spouse cut me and our children out of the estate plan?
There may be a variety of reasons for a person to completely cut his or her spouse and children out of his or her will. Whatever the decedent’s reasons, it may come as a shock to the family to learn that they are to receive nothing, especially if the decedent...
A guardianship can protect a mentally incompetent person’s estate
Though Americans are living longer than ever, one downside is that more and more people are living with dementia in their final years. Dementia robs us of our memory, reasoning and dignity in many cases. Among other things, symptoms of Alzheimer’s disease and similar...
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