A revocable living trust offers a number of estate planning advantages over dispositions under the terms of the estate owner's will in Florida (and in many states). These advantages are listed below: Control and management of assets during lifetime. The trust permits the grantor...
While the economy seems to be heading towards a recession and investment opportunities seem to be diminishing, the reduction in interest rates presents some estate planning opportunities for individuals who wish to reduce their estates. This article will discuss a few of them.One...
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Good Reasons to Revisit Your Estate Plan It's time to update your estate planning documents if you have experienced a big change in your life. Your estate plan should be tailored to your current family and financial situation, not the one you faced five years ago or maybe e...
If you are relocating to Florida you should review the peculiarities of Florida law with a qualified Florida estate planner in order to determine the appropriateness of your current estate plan. Although you may not need to rewrite your estate plan, there may be good reasons for ...
This legal guide will provide a simple list of the Estate, Gift & GST Tax Amounts through 2012
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1. Use It or Lose It -- Use Your Annual ExclusionThe annual gift tax exclusion amount is the amount each person can gift to any number of recipients without a gift tax consequence. This amount is $13,000 ($26,000 for gifts from husband and wife; i.e., split gifts) for 2010. When...
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The Trustee's and Beneficiary's Guide to Florida Trust Accountings Under Florida's trust laws, generally, the Trustee of an irrevocable trust is required to keep beneficiaries of the trust reasonably informed about the trust and its administration. This article provides ...
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