You may have established a revocable trust for a variety of reasons – to maximize the use of both spouse’s estate tax exemption equivalents; to facilitate the management of assets during lifetime, particularly during any period of incapacity; and to avoid the necessity of probate. Following up to actually re-title…
On July 1, 2007, the Florida Trust Code took effect. While this was an important event here in our office, there’s a good chance that this is the first time you have heard about it. The Florida Trust Code was not front-page news and was probably not something that you…
Florida has come a long way in defining the rights of individuals to set forth their health care wishes in the event that they are not able to make their wishes known. The state has developed significant separate documents concerning health care. Health Care Advance Directives A Health Care Advance…
Would anyone ever want to say, “No, thank you, I don’t want it,” to an inheritance? Actually, yes! There are many reasons that a beneficiary of an estate may not want to receive an inheritance. For example, a beneficiary may not need the money, a beneficiary may want the assets…
Changes in the transfer tax laws effective January 1, 2006, will benefit many estate planning clients. However, these increases may cause some unintended results. For this reason, this is a good time for clients to review their estate plans to be sure that their goals are still being met under…