South Florida Estate Planning News
Recent Posts and Articles
Winning the Lottery: Financial Nightmare or Dream?
When your bank account balloons, so might your fan base. Family, old buddies, and even scammers may line up for a share. It’s okay to say no. Still, you might want to give some away to people or charities. Remember, big gifts might mean big taxes. For 2023, you can give away $17,000 without tax or $34,000 with your spouse. For 2024, it’s $18,000, or $36,000 for couples.
What Happens to My Car Lease If I Die?
Your car may be one of the most valuable assets you own, but what will happen if you pass away during the lease term or before the car is paid off?
Pop Quiz for August
Many folks think that the person who looks after your children must be the same person who handles their inheritance. But that’s a myth! You can pick a loving, caring guardian for your children and choose someone else entirely to manage the money side of things.
Nine Ways Your Estate Plan Could Breed Conflict
Simply maintaining a loving relationship with a parent does not necessarily guarantee inheritance rights. A legal right to inherit depends largely on the legal relationship between a child and that child’s parent, the existence of a valid estate plan, or if no estate plan exists, the applicable laws of intestacy in a given jurisdiction.
June Brides.. a Checklist for Newlyweds
Do you have a Last Will and Testament? Time to add your spouse as a beneficiary. Also, setting up a trust is like building a cozy nest egg for your loved ones.
Retirement accounts and life insurance policies might not feel romantic, but they’re love letters to your future. Make sure to update them to include your new spouse as a beneficiary.
What to Expect at an Estate Plan Consultation
A few examples of the many unique and interesting estate planning strategies that are available. An experienced estate planning attorney can help you create a plan that meets your specific wishes, personal objectives and unique family dynamics.
Blended Families
Imagine that Mike Brady, in today’s world, sits at his desk to draft a will from an online resource. He wants to save some money, so the price looks reasonable. He leaves everything to his lovely wife, Carol, as he knows she will take care of his children. Later that year, Mike passes away. The following are potential problems he created.
COUNTDOWN TO A STRESS-FREE 2023
We want to protect our lives, our autonomy, and our future to enjoy the years to come worry-free. Here are six ways to enjoy a stress-free 2023! The countdown begins:
Holiday Recommendations for Family Harmony
If your goal is family harmony, it could be a huge blunder to fail to consider the emotional ties children may have to their parent’s possessions.
Planning for Your Digital Legacy
Instead of existing in photo albums and on videotapes and DVDs, most of our family photos and videos are now digital. Even if they lack commercial value, they certainly have sentimental value that you want to preserve for your family and friends. Social media accounts containing your photos and videos can also have value to your loved ones when you are gone.
Get The Ultimate Life Organizer
Download the free 17 page version by filling out our form below. For a more detailed planning tool, the full 80-page My Life & Legacy Organizer is available for purchase on Amazon.
