Key elements of an estate plan: An experienced estate attorney can develop personalized strategies and documents that meet your needs. This could include a: Will. A legal document that defines the distribution of your property and the care of any…
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Is a Family Limited Partnership for You?
How does a Family Limited Partnership work? A Family Limited Partnership (FLP) is a legal entity that may hold property, including cash, real property, a business interest, or other assets. Like any limited partnership, there are general partners and limited…
Posted in Estate Planning, Taxes
Is it a Gift?
What constitutes a “gift” for the purpose of the estate and gift tax? The IRS interprets a gift very broadly, so that a gift may include any transfer of property or assets, or the use of income-producing property, without expecting…
Posted in Estate Planning
Are You Familiar With Able Accounts?
If you or a family member is disabled it is advisable to put away some of their stimulus aid in special accounts in order to keep their funds safe. These special accounts are called Achieving a Better Life Experience (ABLE)…
Posted in Consumer Law, News
COVID-19 Funeral Assistance Services
Reposted From FEMA: The COVID-19 pandemic has brought overwhelming grief to many families. At FEMA, our mission is to help people before, during, and after disasters. We are dedicated to helping ease some of the financial stress and burden caused…
Posted in News
Planning What You Need to Estate Plan
What do you need to gather to prepare your estate plan? Depending on your age and situation you will need different things. If you are considering putting together an estate plan or updating an existing one, there are a few…
Posted in Estate Planning
What Do You Think is Fair?
Do you have more than one child or grandchild that you need to consider in your estate planning? In order to avoid conflict, many parents and/or grandparents decide to leave their children the same inheritance. While this makes it easy…
How Do You Divide Up Personal Possessions Without Dividing the Family?
When creating an estate plan, dividing your assets can be very difficult. You are more than likely trying to figure out how to allocate your possessions in a way that will not create tension between your family members after you…
Posted in Estate Planning, Will
SOME COMMON MISCONCEPTIONS ABOUT ESTATE PLANNING
I am not rich so I don’t need an estate plan Everybody knows what I want, so why do I need a will? Minimizing taxes is one of the most important goals in developing an estate plan. My spouse and…
Posted in Estate Planning, Probate and Guardianship
Can You Use A POA to Vote?
Can You Vote for a Disabled Person with a Power of Attorney? NO. In Florida, you cannot use a power of attorney to vote on behalf of someone else. The point of a power of attorney is to act in…
