What are the Top 8 Tax Planning Strategies?
Did you know what one of the most efficient things a government can do to persuade its citizens to make a particular choice? It can make tax policy. Indeed, people in significant numbers are influenced by a government’s tax policy, and will make certain economic choices based on the current tax policy.
Answers to the 5 Top Questions about Advance Directives
Every person has the right to make his or her own decisions about his or her medical care, including the right to refuse medical treatment. Florida law protects that right, and you can ensure that your wishes are expressed by drafting and executing a health care Advance Directive so you can exercise that fundamental right.
Can an Irrevocable Trust Be Amended? Here Are The 5 Ways
Irrevocable trusts are just that – irrevocable. Therefore, when asking the question “can an irrevocable trust be amended?” the answer is usually “no” you normally cannot revoke or amend them. However, the old adage “nothing in life is ever permanent” applies, provided you know a little about trusts in general, and irrevocable trusts specifically.
The Top 10 “Estate Tune Up” Ideas
You have already written down, and likely forgotten, your New Year’s resolutions at this point in the year. It’s the Summer and you are likely either enjoying a relaxing vacation, or gearing up for that big annual vacation. Or . . . you may be too worried about your finances to even splurge for a vacation because you want to [...]
To Will or Not to Will? The Primary Probate Question
Because we are top probate attorneys in West Palm Beach at Doane & Doane, we get a lot of client questions regarding probate. Of all the questions that clients ask, however, the Number One question is the age-old query – “What happens if someone dies without a will?”
What is a Personal Representative in a Probate Matter?
Based upon the circumstances, there are a number of people who could have a substantial role to play in the Florida probate process when administering the estate of a deceased person.
The 5 Top Estate Planning Tips for 2019
It is never too soon to starting thinking about planning for our children’s future, for our retirement, and for how we will make sure our children will reap the benefits of our lifetime of hard work. Accordingly, you should take a moment to take stock of your assets and determine what estate planning strategies you can employ to make sure [...]
I Have a Special Needs Child, How Do I Remain His Guardian?
If you have a special needs child, and he or she is turning 18, then you need to take proactive steps to remain your child’s guardian in the State of Florida. Normally, a member of the family will make a request to the court. That request, or petition, is asking the court to determine whether the special needs child who [...]
What is the Generation-Skipping Transfer Tax?
There is a bit of a cat-and-mouse aspect to the estate planning game. Tax policy legislators impose a tax, and then astute estate planners determine how to legally minimize a person’s tax liability within the law. Then, once legislators see an unintentional loophole being used too often, they close that loophole. In response, the estate planners find other ways to [...]
Even Without Children, an Estate Plan Is a Smart Move
We tend to think that good, solid estate planning is reserved for those who have children in order to plan for a family’s future. However, even if you do not have children, estate planning is still extremely important. Think about it: do you want your assets handled by the uncle you never saw, or with whom you never got along?