INCLUDE YOUR HOME IN YOUR ESTATE PLANS

For many Americans, their home is the most valuable asset in their portfolio. Purchasing a house, paying the mortgage and creating a home culture serve as valuable life events in our society. It is thus critical for many families to protect the family home during estate administration procedures. Experts offer a list of tips for those who are attempting to integrate their houses into their estate planning Read More

BUSINESS OWNERS: CHECK YOUR ESTATE WELLNESS

Florida residents should not only be concerned with their physical wellness. They should also consider their financial wellness by frequently reviewing their estate value. This is particularly true for wealthy families who may own their own businesses. Experts advise wealthy clients to perform a mid-year checkup on their financial holdings. This is because tax savings tend to be time-sensitive. If you decide to Read More

WILLS: NOT JUST FOR YOUR MONEY

In the case of a severe incident, an individual can sustain many injuries and wind up in a persistent vegetative state. The person's children, spouse and other family members are all at odds about whether to keep the person alive using ventilators or allow the person to naturally expire. Living wills can prevent this situation from ever occurring, according to legal experts, by making your wishes known to your family Read More

UNDERSTANDING LIFE INSURANCE TRUSTS

When creating an estate plan, many people become concerned about federal and state taxes that could lower the amount that actually goes to beneficiaries. Trust administration experts say that some taxes can be circumvented by creating an irrevocable life insurance trust (ILIT). This type of trust can help Floridians by allowing more of their money to go to their heirs, instead of to the federal or state Read More

CONSIDER RETIREMENT FUNDS IN ESTATE PLANS

Many Florida residents who are preparing for their estate distribution do not realize that their spouse might lose out on retirement money when the other person passes away. This important estate valuation information should be considered before estate planning is finalized. Couples need to realize that the death of one spouse could spell financial disaster for the surviving partner if a plan is not in place. For Read More

TRUSTS ARE SIMPLER THAN YOU MIGHT THINK

Trusts used to be financial tools only used by the very wealthy. Now, trusts are used to achieve a variety of estate planning goals. Experts say that a working knowledge of trust administration is essential for anyone who plans to leave behind a will. Although trusts sound confusing, they are actually quite simple. A trust is a contract between three parties. A person can have more than one role in a trust. Read More

MISSING FLORIDA MOGUL’S MILLIONS UP FOR GRABS

The sudden and dramatic disappearance of a Fort Lauderdale, Florida, millionaire has drawn attention to the future of his estate, according to local legal experts. The man, who disappeared on June 19 from his fishing boat, is accused of committing suicide or faking his own death, which may jeopardize the estate administration proceedings associated with his holdings. It appears that the family may be in for a lengthy Read More

MILLIONAIRE’S WILL IN LIMBO AFTER DEATH

The $4.2 million estate of a man and his mother is in limbo now that the man's wife has been convicted of murdering the two. The convicted murderer went through a nine-week trial before being convicted, and now the family is battling over control of the will, which exemplifies how difficult probate law can be. Now, the civil work begins with family members far and wide seeking their share as part of the Read More

ESTATE TIPS FOR TERMINALLY ILL FLORIDA RESIDENTS

Individuals in Florida suffering from terminal illnesses need to think about what is going to be done with their money and assets once they pass on. It is an inconvenient fact that money suddenly becomes critically important at the end of life, and our hesitance to discuss finances with a dying relative often causes emotional hardships and poor estate administration. Financial clarity and peace of mind should be Read More

DONATING YOUR ESTATE TO CHARITY

We generally think of wills as documents that divide inheritances up for children and other family members, but what if you do not want to give your money to your family? What if you decide to bequeath your assets to a charitable cause? A few estate administration tips can help facilitate this process for Florida residents. First, people who want to give their life earnings to charity need to ensure that they have Read More