Category Archives: Orlando Estate Planning Lawyer
IRA Trusts Could Soon Become an Estate Planning Nightmare
If Congress decides to eliminate the stretch IRA, estate planning could become a lot more complicated, as we discuss below. This is unfortunately a real possibility, as the House recently passed the “Secure Act,” which eliminates the stretch IRA and replaces it with a 10-year payout for most non-spouse beneficiaries, including trusts. Stretch IRAs… Read More »
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 »
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 »