Estate Planning And Elder Law Services In Orlando And Beyond
Estate planning is a crucial step in preparing for the future, ensuring your assets are distributed according to your wishes. However, it is not just about finances; non-financial aspects play a significant role, especially in Florida, where diverse family structures...
As the school season ends, many Florida families are thinking about how to manage and fund the costs of education for the coming academic year. Whether it's private elementary school, a prestigious high school or college tuition, these expenses can add up quickly. ...
National Senior Fraud Awareness Day, observed annually on May 15, serves as a critical reminder of the importance of safeguarding our aging loved ones from the growing threat of scams and financial exploitation. Sadly, senior fraud seems especially rampant in the...
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...
