What Must a Trustee Representative Do Under Florida Law?
“Trust takes years to build, seconds to break.” When a loved one creates a trust, he or she names a person to serve as “trustee” (sometimes called a “trust representative,” or “trustee representative”).  That person has the responsibility to administer the trust according to the rules created for the trust, and to protect the beneficiaries of the trust.  In fact, [...]
So, Does Life Insurance Have to Go Through Probate?
“If you don’t know where you’re going, you’ll end up someplace else.” – Yogi Berra. Yogi Berra was not only a great ballplayer, but some of the most clever, confusing-yet-still-true quotes are attributed to him. And the above quote, with all of its folksy charm, says it all when it comes to probate matters and estate planning. That is to [...]
Can You Change Beneficiaries in an Irrevocable Trust?
It’s in the name “irrevocable” trusts are, not surprisingly, irrevocable.  That is, they cannot be normally changed or amended.  So, when asking the question “can you change beneficiaries in an irrevocable trust?” the answer is generally “no” you normally cannot change the aspects of an irrevocable trust, like changing beneficiaries.  However, as with many things, there are always certain exceptions.
Tax Time Is Around the Corner – Can Florida’s Homestead Exemption Help You?
It’s a new year, and that means that you need to start thinking about doing your 2020 tax return.  It has been a tough year economically all around, so any help with regard to deductions, credits, and exemptions are more than welcome.  Well, there is one very powerful tool available to you that can reduce your tax burden if you [...]
Some Estate Planning New Year’s Resolutions For 2021
He was not old by any stretch.  He was only 55 years old.  Yet, because of a rare condition, he passed away unexpectedly.  When it came to estate planning, he was always going to “get around to it,” but he never actually sat down to create a last will and testament, or to speak with an estate planning firm about [...]
Is a Hand Written Will Valid in Florida?
As the year draws to a close, you might find yourself more focused on the future.  You might consider how you would like your assets to be distributed to your loved ones as you build your nest egg.  There are, however, a number of rules in Florida law that dictate how you need to express your wishes in a last [...]
What are the Various Types of Wills in Florida?
As the year draws to a close, you might be thinking that next year is the year that you will finally get your estate planning started.  While it is never a bad time to think about planning your estate, we have found at our firm that a lot of people make comprehensive estate planning a priority on their list of [...]
Wrapping Up the Year with Gifts . . . Estate Planning Strategies for Gifting this…
This time of the year is all about gift-giving.  So, it only makes sense that, as 2020 draws to a close, we think about how we can incorporate some gift-giving into our overall estate planning. In our last article, we discussed year-end charitable giving.  In this article, by contrast, we are going to focus on gift-giving to anyone, including friends, children, [...]
How Will Possible Tax Policy Changes Impact Your Estate Planning? Part 2
In Part I of our series about the possible tax changes that will come in with a new President Biden administration, we covered some of the headline tax policy changes promised by President-elect Biden, such as the tax increase on individuals with a taxable income that is $400,000 or greater. We also looked, in detail, at Mr. Biden’s proposal to [...]
Tips on Year-End Charitable Gifting in 2020
It has been quite a year.  In 2020, we have had a once-in-a-century pandemic coupled with one of the worst, if not the worst, economic downturns in a century.  Indeed, the economic conditions and worldwide health crisis motivated Congress to pass the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March of 2020.  The conditions of 2020, and [...]