Estate Planning Insights

Your Estate Plan: Small Oversights That Can Turn Into Big Headaches

Part of what we do at Blalock Walters is assist surviving family members with administrative matters after the death of a loved one.  It’s at that point in time when the effectiveness of the decedent’s estate plan is tested.  So, to help our clients develop estate plans that will actually operate as efficiently as they […]

IRS Proposes New Estate & Gift Valuation Rules for Family Owned Businesses

In August, 2016 the IRS issued long anticipated proposed regulations under Section 2704 of the Internal Revenue Code that, if finalized, will substantially impact the estate and gift tax planning of family owned businesses.  Pursuant to the proposed 2704 regulations, no discounts would be available in valuing a family owned business, which would include lack […]

Florida Enacts Fiduciary Access to Digital Assets Act

In an increasingly digital world, access to a person’s data and information has become an issue of growing concern. Certain states have responded to this by adopting the Revised Uniform Fiduciary Access to Digital Assets Act (the “Uniform Act”). The Uniform Act allows individuals to plan for the disposition of their digital assets. A digital […]

Florida Supreme Court Clarifies Homestead Creditor Protection Rights

Revising an estate plan after a couple’s divorce can present numerous challenges, especially where one of the individuals has outstanding debts unrelated to mortgages or liens which directly encumber the homestead property. The Florida Supreme Court has provided recent additional guidance relative to the preservation of homestead protection from such creditors. In JBK Associates, Inc. […]

Are Your Beneficiary Designations Up To Date?

If you have a small life insurance policy or small IRA worth between $2,500 and $15,000, have you checked your beneficiary designation on these assets lately? One  situation I see in my practice after the death of a client is the family’s discovery of an insurance policy or IRA which has no living primary or […]