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Creating an estate plan is a vital step in securing your assets and providing for your loved ones. One important tool you may consider is a pour over will. While it can be a valuable addition, it's not necessary for everyone. Let’s explore when including a pour over will in your estate plan makes sense.

In Florida, spouses have the right to create their own separate estate plans. While this flexibility is beneficial, it can also lead to various legal and practical issues that couples should consider.

Once a person turns 18, they are legally considered an adult. This means their parents no longer have automatic access to medical or financial information. Estate planning involves preparing for the management and distribution of your assets if something happens to you, such as an illness or death.

A Dynasty Trust avoids this by being structured as a perpetual trust, meaning it can continue for generations, preserving wealth within the family indefinitely.

Do all Trusts pay Income Taxes? It depends. Trusts are separate legal entities, but whether they pay income taxes depends on their type.

If you have large, jointly-held accounts with your spouse and a sizeable estate, your Will might not work the way you think it will. Even the best-drafted Wills can fail if your accounts aren't properly titled.

An Incomplete Non-Grantor (ING) Trust is a specialized trust that allows individuals to avoid state income taxes on assets held within the trust.

A Qualified Personal Residence Trust (QPRT) is an estate planning tool that allows individuals to transfer their personal or vacation home into an irrevocable trust. This arrangement helps reduce estate taxes by removing the residence's value from the owner's taxable estate. How Does a QPRT Work?

Here’s how you can take the necessary steps to plan for your pets' care in Florida.

IDGTs are considered irrevocable trusts, meaning the grantor loses direct control of the assets placed inside. However, this structure provides several tax benefits for transferring wealth efficiently.

The Tax Cuts and Jobs Act (TCJA) of 2017 brought significant changes to federal estate, gift, and generation-skipping transfer (GST) tax exemptions. This blog will explore the key changes and what they mean for your estate plan.

When someone passes away, their estate must go through a legal process called probate. Closing an estate means finalizing all matters related to the deceased’s assets and debts. Below are the essential steps required to close an estate in Florida.

Inheriting assets can be both a blessing and a challenge. Whether it's money, property, or valuable items, knowing how to handle an inheritance is important. Here’s a simple guide to help you navigate the process.

When setting up a trust, privacy and efficiency are often top priorities. One tool that can help achieve these goals is a Memorandum of Trust. Here’s why you might want to use a Memorandum of Trust.

As we age, planning for the future becomes more important, especially when it comes to managing finances and making healthcare decisions. In Florida, one concern that many people have is the possibility of adult guardianship.

As your parents age, a comprehensive estate plan becomes increasingly important. Here’s a guide to the essential documents that should be included in your elderly parents' estate plan.

Protecting your loved one’s inheritance is a huge part of estate planning. It guarantees that the assets you leave behind are preserved and used according to your wishes. Whether you're concerned about potential financial mismanagement, creditors, or other risks, taking the right steps can help protect the inheritance for your beneficiaries.

Selecting a Personal Representative for your will is one of the most important decisions you'll make in your estate planning. However, choosing the wrong person for this role could have serious financial consequences.

It’s essential to understand who the most important stakeholders in your estate are. These individuals or entities will play a role in the management and distribution of your estate.

When planning your estate in Florida, it's essential to know not just what you can include, but also what you cannot. While an estate plan lets you dictate the future of your assets, certain legal restrictions could affect your final wishes.