Serving South Florida Since 1974
When you pass away, your assets will be distributed in accordance with your estate plan or the laws of intestacy. But what happens to your debt? Unfortunately, it does not die with you. Your estate is responsible for satisfying your unpaid credit cards, medical...
Deeds are an essential part of every real estate transaction. A deed is a written instrument that evidences the transfer of title to real property from one party to another. There are various types of deeds wherein different warranties of the condition of title are...
Nothing is certain in life except death and taxes. However, strategic estate planning can dramatically decrease any taxes due at the time of your death. Historically, wealthy individuals and families have used dynasty trusts to protect and preserve their fortune...
The Florida Uniform Transfers to Minors Act (“FUTMA”) provides a relatively straightforward way to give a minor an ownership interest in assets while maintaining control until the minor reaches the age of majority. Most people who establish FUTMA accounts for children...
Recently, I was asked on two separate occasions why a power of attorney is desirable if the client’s respective trust names a successor trustee or trustees to manage assets if he or she is unable to serve as the trustee. The question is valid. In fact, when I began...
Historically, corporations and limited partnerships were the preferred business models to operate a closely held business. Today, however, limited liability companies (LLCs) are being established in multiples compared to corporations and partnerships. LLCs can be...
Death is never easy. The days, weeks, and months following the loss of a loved one can be overwhelming. After you notify family members, and plan and complete the funeral arrangements and services, you then have to carry out your loved one’s final wishes by...
The Tax Cuts and Jobs Act (TCJA) represents the most comprehensive reform of the U.S. tax code in over thirty years and includes significant changes which will likely impact your estate plan. Some of the significant changes include the following: Exemptions Amounts...
You are engaged! Congratulations! You and your soon-to-be spouse have endless wedding details to plan – your venue, guests, flowers – the list goes on. While planning your wedding is fun (and stressful), planning your marriage is essential. A prenuptial agreement may...
A Last Will and Testament (often referred to as a “will”) should be included in every estate plan. A will details the disposition of your estate upon your death. Most people understand the basic need for a will, especially since the most recent (and unfortunate) death...