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What is Ancillary Probate, and How Can I Avoid It?
You have probably heard the term “snowbird” before. It is a person from the northern part of the country who moves to a warmer southern state in the winter. Of course, Florida is the warmer southern state of choice for many, many snowbirds in the United States. People who do “go south for the winter” tend to come to Florida [...]
The Guardianship Accountability Act and the Challenge of Guardianships
In courts throughout the country, it is common for guardians to be appointed to assist with both the personal and financial assets of those who are the most vulnerable in our society.  Whether it is due to illness, age, or disability, guardianship laws are in place so that a guardian can help protect an individual (or organization) from harm when [...]
What is a Private Annuity?
We have worked hard to save money, pay off the mortgage, and put extra away for a rainy day. We care very deeply about making sure that our children have as much help as you can provide, as they look to the future.
Ten Reasons Why Drafting Will is Good for You
Did you know that only about half of middle-aged Americans have a will? According to a study by Merrill Lynch and Age Wave, only 55 percent of people over 55 years old in the United States have a last will and testament. Some famous examples of people who died without a will include music greats Aretha Franklin and Prince.
What Is Unified Credit?
We just got through tax season. That spells good news for accountants, who have been keeping long hours and perspiring through the mound of tax returns they do for their clients. Undoubtedly, they will take a little time to regroup and, you know, get some sleep. The end of tax season also means good news for the rest of us [...]
What Does Right of Survivorship Mean?
This blog is geared towards those who are wondering what it means to have a right of survivorship, and how that may impact you if you are buying an asset, like a piece of property, with another person or several other people. Stated simply, a right of survivorship is the ability to obtain the full value of an asset, like [...]
What Is a Self-Cancelling Installment Note?
Good estate planners are focused on finding techniques that can minimize or possibly even eliminate gift and estate taxes when transferring assets to family members. That is because the transfer of wealth through a last will and testament and the probate process can be expensive, time consuming, emotionally draining, and heavily taxed.
Can I Avoid Guardianship Pitfalls?
The Grants, happily married for 58 years, were enjoying their time in an “active adult” community with a great view of the woods, a view they enjoyed immensely.  In the morning, John Grant enjoyed reading the Times, or catching up on the latest best-seller, while his wife Judy would take her time applying her makeup for the day, struggling given [...]
What is a Grantor Retained Unitrust?
You want the best for your children.  You want to make sure that they have everything they need for the future.  The way to accomplish that is through fashioning an effective estate plan that maximizes the amount of assets left for your family when you pass, and minimizes the time and expense that comes with unwinding an estate.
How Would Divorce Impact an Estate Plan in Florida?
We all know that “the only constant in life is change.”  No matter how hard we try to square things away, make sure we leave no stone unturned, and consider all the contingencies, life always seems to throw us a curve ball.