Mar 17, 2014 | Estate Planning
College Education 529 plans have become popular tools to assist with the payment of college, and they are appropriate vehicles in the right situations. However, grandparents need to assess whether such plans are the right way for them to help their grandchildren with...
Mar 3, 2014 | Estate Planning
If you are a trustee of an irrevocable trust, you are required to prepare an annual trust accounting and provide copies of that trust accounting to all qualified beneficiaries of the trust. The definition of qualified beneficiary varies as to the type of trust...
Feb 11, 2014 | Estate Planning, Tax Law
Beginning in 2011, the exemption from federal estate tax applicable to the estates of most decedents has been $5,000,000 (or even slightly higher). If the assets comprising a decedent’s gross estate during that time were less than $5,000,000, the new federal...
Feb 6, 2014 | Estate Planning, Tax Law
Establishing domicile is a two-step process, including creating yourself as a Florida resident and abandoning the designation of “domicile” in your former state. While most people focus on the “establishing” domicile in Florida, in a majority of cases the concern...
Dec 16, 2013 | Estate Planning
Recently, I have had the opportunity to work on a number of projects two of which caught my eyes as they illustrate our firm’s value statement of “We Make A Difference.” The first involved the designation in a client’s estate planning document of a “literary...
Jun 13, 2013 | Estate Planning
Did you know that if you are the agent taking care of your Mom’s assets under a durable power of attorney that you must attempt to preserve her estate plan, to the extent actually known by you so long as that preservation is consistent with her best interests? In so...
