ESTATE PLANNING: SKIPPING ESTATE TAXES

It can be discouraging for Florida residents who are planning an estate to realize that assets can be so heavily taxed on both the federal and state level. Estate administration includes finding the best way to preserve assets from one generation to the next, and trusts can be a great tool for doing so. Regulations on trusts vary from state to state, so consulting a local professional who knows the ins and outs of Read More

POP CELEBRITIES’ ESTATES CASH IN ON POSTHUMOUS FAME

Every person hopes that their legacy will live on, whether through creative works or lives touched. When a celebrity dies, they may take comfort that the things they have done in life, good or bad, will continue to intrigue the public long after their death. The American public's obsession with a celebrity is greatly reflected in estate value once the celebrity dies.The death of Whitney Houston is still fresh in Read More

TRIO OF DOCUMENTS NEEDED FOR END-OF-LIFE DECISIONS

When a health care crisis occurs, such as a severe illness or serious accident, a family can be thrown into a scenario that they are not prepared for. If a loved one is unable to make important decisions, someone needs to accept responsibility. Even with the best of intentions, making those decisions can create conflict within a family when support is what is needed.To avoid such stressful and difficult Read More

WILLS ARE IMPORTANT TO AVOID PROBATE

When planning an estate, there are things that a person can do to make sure the dissemination of their possessions goes as smoothly as possible. In addition to the usual documents, estate planners can make sure that assets with titles, such as cars, have the person listed as a joint owner. In the event of death, the title will automatically transfer to the other title holder and no probate is necessary.The Read More