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December 2016 Archives

The different types of guardianships

It may be difficult for most in Miami to comprehend losing the ability to care for themselves. However, traumatic events or the effects of age can easily place one in the position of relying on a guardian to help meet his or her basic needs. While it is often the court (rather than the ward) who chooses who a guardian may be, it is important to understand that there are several different types of guardianships, each of which is allowed different degrees of authority. 

What is your estate tax obligation in Florida?

As you become involved in estate planning in Miami, you may begin to see more and more references being made to estate taxes. Most often, this is in reference to the federal estate tax, which you only pay if the taxable value of your estate exceeds the federal threshold (currently $5.49 million per Forbes Magazine). Yet were you aware that individual states can also levy their own estate tax?

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