Monthly Archives: October 2019
If Your Child’s Special Needs Trust and Related Estate Planning Is Not Done Properly, It Could Spell Disaster for Your Family
If you are a parent of a disabled child, setting up a special needs trust takes very careful planning and experience from the estate planning legal team setting it up for you. The attorney(s) that you work with should know about all of the various charitable nonprofit programs – as well as local federal… Read More »
What You Absolutely Do & Do Not Need to Take Care of Your Elderly Parents or Other Loved Ones
As attorneys who focus solely on estate planning here in Florida, we regularly receive a number of questions concerning what kinds of plans should be made to care properly for elderly parents and other relatives. The best way to carefully craft a plan based on your particular circumstances is to meet with a professional… Read More »
Using Estate Planning to Protect Retirement Accounts from Creditors in Florida
We have previously (briefly) discussed how you can ensure that beneficiaries do not have to pay creditors out of their own pockets, however, what about ensuring that retirement accounts are protected from creditors? Degrees of protection differ significantly when it comes to IRAs and 401(k)s, and this is something that your estate planning attorney… Read More »
Deciding Whether to ‘Gift’ During Your Lifetime, And How Best to Do It
Giving away assets while you are alive has typically carried with it a number of benefits, one of them being helping to lower estate taxes when you pass. However, the federal estate tax exemption is currently very high: at $11.4 million per person–and increasing every year–this exemption ends up being applicable to very few… Read More »