As the baby boomers retire, they are the first generation that will retire with large Individual Retirement Account accounts. When the boomers do their estate planning, one of the factors to consider in such planning is who to call the beneficiary of the big IRA account. One factor to consider for such an option is…Continue reading Noting Beneficiaries to Individual Retirement Account Account

If you have large properties it is an advantage to be wed. If a couple is wed they can pass an unlimited amount of loan to each other after they pass away without needing to pay a federal estate tax. Expense Gates, Donald Trump, or Warren Buffett could pass all of their billions to their…Continue reading Estate Planning with the Unlimited Marital Exclusion and Federal Estate Taxes

A recent case decided by the Fifth District Court of Appeals goes over the statutory framework for perfecting and keeping a judgment lien on genuine property in Florida. The viewpoint is Sun Radiance Const., Inc. v. Cypress Healing Corp.,– So. 3d–, 2010 WL 4536803 (Fla. fifth DCA 2010). According to Fla. Stat. 55.10, a judgment…Continue reading The Life of a Judgment (Lien) in Florida

As increasingly more Americans reach retirement age every day, many often discover that their new lives can lead to some remorses. If you have yet to reach retirement age and are creating your estate plan there are several problems associated with retirement you might desire to think about as you make your planning choices. Problem…Continue reading 3 Common Retirement Remorses and What You Can Gain from Them

If you have a Revocable Living Trust, you understand that it can work as an important incapacity planning tool. If you’re ever handicapped– through illness or injury– to the point that you can no longer manage your own financial affairs, your Special needs Trustee can step in and take control of your trust property. Nevertheless,…Continue reading How a Power of Attorney and a Revocable Living Trust Work Together

Numerous individuals think estate planning isn’t for them, however the reality is that estate planning is for everyone. No matter how young you are or how little you own, everybody can benefit from an estate plan. An estate plan includes files such as your last will, living trust, and living will. Yes, it is uneasy…Continue reading Leading 12 Reasons Why You Required an Estate Plan

The passing of household treasures from one generation to another should be a welcome tradition in most households, however sadly, this process can trigger lasting family rifts if not done correctly. There are lots of stories of families that have actually split over a silver tea service or a portrait of a long-dead ancestor. If…Continue reading 4 Ways to Safeguard Heirlooms from a Bad Blood

Estate planning files require to be kept securely, yet be available, when required. Here are 6 simple to implement tips on storing your estate planning files. u2022 Ask your estate planning attorney if he keeps signed originals and for how long he will do so. u2022 Provide a copy of your estate planning documents to…Continue reading How to Shop Estate Planning Files

When an individual passes away, his or her estate needs to pass through the legal procedure referred to as probate. During probate, properties of the estate are inventoried. Financial institutions are paid, and the remaining possessions are moved to beneficiaries or successors of the estate. As part of this procedure, all properties must be valued.…Continue reading Date of Death Values– How to Determine What a Decedent’s Assets Deserve

When it comes to dealing with the loss of an enjoyed one, one of the last things that any household member wants to do is call a probate or estate attorney. Finding the best legal representative to handle an estate, whether it requires planning or for the will to be probated, however, needs due diligence.…Continue reading Discovering the Right Probate and Estate Attorney