Blog

Estate & Personal Planning

National Healthcare Decisions Day

April 13th, 2017

Posted in Estate & Personal Planning

This year, National Healthcare Decisions Day is not just a day but an event lasting from April 16 to 22.  This event is a national initiative to provide awareness and inspire adults to do or review their healthcare planning.
Continue Reading »

Share Button

New Funding to Protect Florida’s Elderly Population

March 17th, 2017

Posted in Asset Protection,Estate & Personal Planning

Many of Florida’s senior citizens and families have reason to celebrate the 2017-2018 Annual Budget, which recommends $315.5 million for the Florida Department of Elder Affairs.
Continue Reading »

Share Button

Make a Resolution to Create or Review your Estate Plan

January 24th, 2017

Posted in Estate & Personal Planning

Often, people explain that they do not have enough assets to need an estate plan.  However, regardless of the value of assets you have, reviewing your personal financial plan from a legal and estate plan perspective is highly recommended.  In fact, even those who have substantial debt may be able to pass assets on to beneficiaries.  Everyone can benefit from creating and reviewing an estate plan including the elderly, married couples, parents with minor children and singles.
Continue Reading »

Share Button

Digital Assets and Electronic Communications

October 28th, 2016

Posted in Estate & Personal Planning

Recently, the Florida legislature has addressed the issue of fiduciaries’ ability to access digital data, which can include things such as emails and social media postings.  On July 1, 2016, the Florida Fiduciary Access to Digital Assets Act went into effect and it applies to estate planning documents regardless of when they were signed.  This act is found in Chapter 740 of the Florida Statutes. Individuals, estates, trusts, and businesses can direct who may have access to their digital assets and electronic communications and to what extent those communications may be available to a fiduciary.  Those persons can express their wishes in a Durable Power of Attorney, Trust or Will.
Continue Reading »

Share Button

Planning Options for Parents of Minor Children

August 19th, 2016

Posted in Estate & Personal Planning

Our personal planning services are for everyone!  Many people believe that only the elderly or those with bad health prognoses need to visit an attorney to do their estate planning and execute a will or trust.  Others may believe that they have no need for any planning as they may believe assets may automatically go to their children.  We recommend that you visit a Florida attorney to analyze your situation and ensure that your wishes in regards to your assets shall become reality. Life has many uncertainties and it is best to have peace of mind no matter your age. 
Continue Reading »

Share Button

Tax Rules for Surviving Spouses on Primary Residences

July 25th, 2016

Posted in Asset Protection,Estate & Personal Planning,Real Estate Law

Understanding the tax rules as a widow or surviving spouse can help you project the real tax cost of selling your primary residence. Below are just a few general things to consider in making the tax analysis.
Continue Reading »

Share Button

Importance of a Durable Power of Attorney

May 27th, 2016

Posted in Asset Protection,Estate & Personal Planning,General Practice

While we are happy to assist clients with creating wills to ensure assets are distributed according to clients’ wishes at their death, we offer a much broader service to clients.  In addition to revocable trusts which can allow for control over assets titled in the name of the trust during lifetime, one of the most important documents that we draft for clients is a durable power of attorney.
Continue Reading »

Share Button

New Basis Reporting Procedures When Inheriting Assets

March 4th, 2016

Posted in Estate & Personal Planning,IRS & Tax Information

What is basis and why does it matter? A basis is a monetary amount assigned to property for tax purposes. This value is very significant because the basis is used when calculating gains or losses on the sale of property. If you inherit property from a family member, friend or any generous benefactor, there will be a basis assigned to that property.
Continue Reading »

Share Button