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November 2019 Archives

You can choose multiple guardians, but should you?

You have a large family. When your fifth child is born, you realize that you want to set up an estate plan and pick guardians for the children. If anything happens to you, you want to make sure that they get taken care of.

What are the main reasons to avoid probate?

If you have recently started to research estate planning, you may have started to notice that a huge emphasis is placed on attempting to avoid probate. Probate is a court-supervised process that essentially ensures that all assets within an estate are distributed correctly. So, you would be right to question why estate planners want to avoid probate.

Discuss your will with your adult children

There will come a time in your life when you should have a difficult discussion with your adult children. That discussion is about what they will do and what they will inherit when you die. No one wants to think about or talk about death, but it is an important discussion you need to have. Your adult children should know about your wishes, your will and how the estate will be divided.

Smart tactics to avoid estate taxes

If you are planning your estate as someone with a high amount of assets, you will likely be concerned about estate taxes. While estate taxes at death are faced by less than 1% of the American population, these individuals must do what they can to minimize the taxes that their estate will be subject to.

An overview of federal estate tax laws

When a person passes away, the contents of their estate will be subject to a wide range of fees and procedures. State laws can determine whether an estate will be subject to estate or inheritance taxes. However, federal law also has a large impact on when estates have to pay federal tax and under what circumstances exemptions occur.

What are the different types of guardianships in Florida?

A guardian is someone who is appointed by a Florida judge to render financial or other personal decisions on behalf of a child or someone with physical or mental disabilities. Guardianships can be either involuntary or voluntary in the state of Florida.

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