Blog

Estate & Personal Planning

How to Transfer Title after a Car Owner Dies

August 12th, 2019

Posted in Estate & Personal Planning

Transferring the title of a decedent’s vehicle is relatively easy in Florida, courtesy of Florida Statute 319.28.  The initial step in transferring a vehicle title is assessing the ownership.  If the vehicle is owned jointly, then it automatically passes to the co-owner by operation of law at death.


Continue Reading »
Share Button

Helping Your Millennial Children Plan for the Future

April 29th, 2019

Posted in Estate & Personal Planning

Baby Boomers who have worked hard to manage their finances have children who are of the age to either carry on their financial success and hard work or lose it all. The best gift a parent can give to themselves and their child is to help their children organize and manage their affairs.


Continue Reading »
Share Button

7 Things Accomplished by Having a Will

March 19th, 2019

Posted in Estate & Personal Planning

Let’s start off with what happens if you do not have a Will. If you die without a will (this is called dying “intestate”), your property will be distributed to your heirs according to a formula fixed by law.


Continue Reading »
Share Button

3 Estate Planning Tips for 2019

February 1st, 2019

Posted in Estate & Personal Planning,IRS & Tax Information

It is recommended to periodically review your estate plan to determine if there are new planning opportunities of which you can take advantage.  Below are three tips as you move through 2019:


Continue Reading »
Share Button

5 Reasons to Stop Avoiding Estate Planning

November 30th, 2018

Posted in Estate & Personal Planning

With the new year around the corner, it’s time to start thinking about what you have been avoiding and go ahead and tackle it. Estate planning is typically one of those things we avoid because it is uncomfortable. Experience practicing in estate planning tells me that there are very few things in life that are certain, but we all know that one day our passing is one of those things.  So, what better time to begin your estate planning, than at a point where the possibility seems distant.

Here are just 5 reasons to stop putting it off:


Continue Reading »

Share Button

What is Probate?

May 11th, 2018

Posted in Estate & Personal Planning

Many people have either a fear of probate or confusion about it.  However, probate generally does not deserve the bad feelings its name evokes.  On one hand, sometimes the probate process is beneficial, whereas on the other hand, sometimes it may be more efficient and cost-effective to create a plan to avoid probate.
Continue Reading »

Share Button

Impact of Tax Reform on Estate Planning

March 19th, 2018

Posted in Estate & Personal Planning,IRS & Tax Information

How did tax reform affect estate planning? The tax reform signed into law on December 22, 2017 increased the estate tax exclusion from $5.49 million[1] to slightly over $11 million.[2]  Estate tax is a tax on property transferred upon your death, but only estates valued in excess of the exclusion may owe tax.  In general, assets of a decedent in addition to any lifetime gifts that exceed the annual gift tax exclusion[3] on which gift tax has not been paid, are included in the calculation. For married couples, each spouse could have an exclusion[4]. Most individuals and couples do not have assets exceeding $11 million and $22 million, respectively, so the group to which estate tax is relevant has drastically reduced.
Continue Reading »

Share Button

Estate Planning: When is it a Good Time to Start?

September 29th, 2017

Posted in Estate & Personal Planning

There are a lot of misconceptions about estate planning.  One of the major ones is that it is not necessary or important to do until later in life.  I can understand that mindset, because I previously had similar thoughts.  However, after practicing in the estate planning field, I can tell you from experience that waiting on creating an estate plan is not a prudent course of action and can result in a lot of agony, frustration, and economic loss for your loved ones. In this post, we explore how estate planning can be useful over the various stages and circumstances of life.
Continue Reading »

Share Button