Monthly Archives: August 2019
It’s Not Enough to Simply Form a Trust, You Also Have to Fund It
Most people who have put together an estate plan have also established a trust. Trusts are especially appealing because they allow you to bypass probate. However, in order to do so, you must title all of your assets correctly. This includes such items as bank and brokerage accounts, business shares, real estate, and more;… Read More »
Pending Legislation Could Inadvertently Make The IRA Your “Biggest Beneficiary”
A retirement bill is advancing through Congress which could have implications for retirees and their estate plans. The legislation is called the Secure Act, and does a number of things, including delaying when people would have to take required minimum distributions (to age 72), extending the age limit that allows people to place money… Read More »
Property Needs an Estate Plan Just Like Anything Else
As Orlando estate planning attorneys, we talk a lot about how to pass assets and funds onto beneficiaries. But what about land? Land that is passed down without a will can also be lost in the same way that everything else that’s part of an estate can. Specifically, when land is passed down without… Read More »
Do I Need A “Revocable Trust”?
As attorneys who focus on estate planning here in Florida, we receive a number of questions from clients as to whether there is a difference between a revocable living trust in a regular trust and whether couples should create a will or a trust or something else, etc. Note that revocable trusts – also… Read More »