An early start to end-of-life planning can save grief after one's demise. In Florida, one can choose to consult with all manner of financial professionals, estate planning lawyers, family, friends and charities to put together the full picture of asset allocation...
Year: 2017
Understanding probate administration
Understanding the process of how property will be distributed after death can assist one's decisions about planning. If one chooses a living trust, the successor trustee will receive the titles to property. If a will has been created, it is likely that the...
Special needs trust can store past-due benefits
When it comes to post-retirement, end-of-life care, finding the right balance of trust funds and benefit calculations can be a challenging dance. Many folks in Florida can find it a bit confusing when juggling Social Security Disability Insurance payments and Medicaid...
Estate planning tax hack: Using gift taxes to your advantage
Most Florida residents want to earn and save as much money as possible. However, having a large bank account means that you'll face unique tax challenges when planning your estate. If you're not careful, and your estate exceeds the federal estate tax exemption of...
Long-term estate planning can be a part of retirement plan
Unlike a lightning strike, most people can expect to need some extra help at the end of their lives. Since the need is anticipated, a person can make the time period a little less stressful with long-term estate planning. Some consider this an essential part of...
A trust can provide stability for a child’s future
Once a person has climbed the mountain of accruing wealth, they usually desire a way to share that wealth with family. A person who has retired and is debt free will likely be thinking about estate planning. Not every person will have confidence in a child's...
Estate planning below the federal estate tax threshold
At the end of life, the amount of wealth one has amassed has value to the individual, not only in terms of material wealth, but in terms of the hard work and persistence exerted to accrue it. Some individuals deeply care about where the wealth goes and how the money...
Estate planning in Florida: Your second home
Getting older means you need to start thinking about passing on the things you own. If you don't plan to pass them on to your family, then it's up to you to sell them. As someone who has come to Florida in retirement, it's possible that you have two or more...
Special needs trust can be a part of a successful financial plan
Some situations require specific plans. Being a special needs individual, or being a parent to one, can potentially require thoughtful financial planning. Since a person's assets can affect their ability to receive government benefits, some individuals choose to...
Special needs trust can be a part of a successful financial plan
Some situations require specific plans. Being a special needs individual, or being a parent to one, can potentially require thoughtful financial planning. Since a person's assets can affect their ability to receive government benefits, some individuals choose to...