By now, you’ve probably been contributing to your IRA for many years. It’s the nest egg that is going to get you through the best years of your life. But there’s one question you need to ask yourself: is my IRA included in my estate? We don’t want to think …
Read MoreFamily Business Succession Planning: How to Ensure a Successful Transfer
When you start a family business, the dream is to be able to pass it on to your kids. You want to give them something to be proud of, something that will support them and their families and keep the family legacy alive for generations. Family business succession planning is …
Read MoreThe #1 Estate Planning Mistake You Need to Avoid
Organization is key when estate planning. One commonsense estate planning mistake that many people make is leaving behind a messy estate. Think of all of the things that a person accumulates throughout a lifetime. When we pass away, our heirs must sort through those things and decide what to do …
Read MoreTop 4 Reasons to Avoid Probate: In the Words of a Miami Probate Attorney
It’s impossible to emphasize how important it is to avoid probate. While some people might think that having a will is enough, the truth is that it simply isn’t. Take this woman’s story, for example. Elaine was married to Rick for ten years and had two children with him. Because …
Read MoreEstate Trust: How to Prevent Financial Abuse
Can you imagine a trusted friend, or even one of your children, taking advantage of your finances as you age? Or, alternatively, does the thought of someone stealing from your aging mother or father sound far-fetched? Sadly, in the estate and trust profession, elder financial abuse is more common than …
Read MoreHow Do You Choose an Executor of a Will?
If you’ve got a will, you’ll need to appoint an executor. Choosing an executor of a will is one of the most important estate planning decisions that you’ll have to make, so it’s best to choose wisely. The right person for the job will not only be a person you …
Read MoreWills and Trusts: What’s the Difference?
Looking at how often the terms wills and trusts are used for one another, you might think they’re interchangeable. But the truth of the situation is that these two terms mean very different things. Let’s take a look at what those differences are. When Wills and Trusts Take Effect The …
Read MoreDo You Benefit from the New Estate Tax Law Changes in 2018?
Under the new estate tax law changes, clients may not be aware that we can now help them pass more wealth to the next generation and to charities. What Changes Have Been Made to the Estate Tax Law? So, under the new tax reform act, they made some changes to …
Read MoreFlorida Probate Rules: What You Need to Know about It in the Sunshine State
If a loved one has passed away and you’re left with the will, how do the Florida probate rules affect the process? The answer to this question depends on a number of factors, which we will get to in a minute. The first thing you should know is that if …
Read MoreHow to Guard Your Estate with 4 Strategies (Even if You Have Few Assets)
You work hard for your money and the property that you own, but you don’t have to worry about estate taxes. After all, a single person can have up to $11.2 million in assets before having to even think about Uncle Sam getting a share, right? Well, yes, that’s true. …
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