Estate Planning And Elder Law Services In Orlando And Beyond
Investing in real estate is a popular strategy that many take advantage of to build wealth. Some people purchase unimproved land. Others may own rental properties. There are also some individuals who acquire multiple vacation homes in a variety of different locations....
Tax season provides an opportunity to conduct a thorough review of financial health. Savvy individuals leverage this period to dissect their financial situation, scrutinizing income streams, expenditures, and investment performance. By organizing tax documents,...
When it comes to gifting strategies in 2025, it's essential to understand the current limits and rules to avoid taxes and protect your estate. The federal annual gift tax exclusion is $19,000 per recipient in 2025, up from $18,000 in 2024. This means you can give up...
Individuals establishing estate plans often decide to create and fund trusts as part of that process. Some people create trusts to protect a loved one with special needs. Others want to ensure they can qualify for Medicaid benefits or protect their assets from...
As a new year unfolds, residents of Florida need to be aware of a legal development in estate planning laws. Effective January 1, 2025, Florida has implemented the Uniform Fiduciary Income and Principal Act (UFIPA). This new law modernizes and standardizes the rules...
When someone dies in Florida, any property they own may require probate proceedings. Physical assets and financial resources that belong to an individual become their estate after their passing. An estate also typically has financial responsibility for any debts and...
People creating or updating estate plans often focus on vulnerable family members and high-value assets. The oversight of probate are in place to protect assets, but many people prefer to keep their most valuable property out of probate court whenever possible due to...
Parents often hope that their estates provide financial support for their children after they die. It is common practice for parents to name their children as the primary beneficiaries of their estates. However, particularly if testators have relatively valuable...
One of the main objectives of many testators who are putting together an estate plan is to provide resources for their loved ones. People with well-paid jobs or substantial personal property may want to help their children or grandchildren achieve similar levels of...
Losing a parent is an emotionally wrenching experience. When compounded by the absence of a will, the legal and financial burden can feel overwhelming. When someone dies without a will, Florida's intestacy laws dictate how their assets are distributed. These laws...
