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…
When creating an estate plan or providing for another during life, one often considers creating a Trust. Trusts can be drafted for many different reasons and with various types of beneficiaries and Trustees. An important question to discuss with your legal advisor is who should act as Trustee. Many financial…
The rules regarding homestead property set forth under both the Florida Constitution and the Florida Statutes permeate multiple facets of the practice of law in Florida. Simply, the rules of homestead are always there and always considered. For this reason, the probate court’s holding in Warburton v. McKean caused some…
Should there be a Total Return Trust in your future? Trusts as we know them have been around for a long time. Trusts were developed in England in the 1500s to provide a way of managing what was the only form of wealth in those days, land. Land was treated…