Many people in Fort Lauderdale, Florida choose to give financial gifts to family members during their lifetime rather than through their estate. While gifting can be a smart planning tool, large gifts trigger federal tax rules that can affect how much your heirs...
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Estate Planning
What new parents need to know about estate planning
Becoming a parent changes how you think about the future. Suddenly, you worry about decisions regarding money and child care and everything feels more urgent. Without a clear plan, the state may step in to decide key issues about your family if something unexpected...
Adulting 101: Why young adults need an advance directive
Turning 18 and entering adulthood marks a new chapter in your life. It’s a thrilling time, full of new freedoms, experiences and the exciting prospect of shaping your own future. But with great freedom comes great responsibility, and “adulting” isn't just about...
Gifting and your estate plan
Before you gift any portion of your estate to your heirs and beneficiaries, it is important to know the tax implications of gifting. With some careful strategy and planning, you can potentially gift your estate while avoiding estate taxes. Florida’s gift tax exemption...
Common mistakes when planning for long – term care
A lot of people make the mistake of thinking that estate planning is only about the distribution of assets to their loved ones. While you’ll certainly have to think through how you want the money in your bank and retirement accounts to be passed down to your loved...
Four first steps in creating your estate plan
Estate planning can feel like just another item to put on your already lengthy to-do list. This can make it difficult to get to, especially considering the fact that it requires some legal education on your part and confrontation with your mortality. As a result,...
Four steps to take to effectively modify your estate plan
You might breathe a sigh of relief when your initial estate plan is completed, as you’re left feeling like you’ve crossed a big to-do off your list. And creating that initial estate plan is powerful. It can give you peace of mind as far as how your assets will be...
4 ways to reduce family conflict related to your estate plan
An improperly developed estate plan can put your assets and your own wellbeing in jeopardy. But it also increases the risk that your family members will become embroiled in conflict that threatens their relationships. In fact, inarticulate estate plans often end up in...
3 reasons why you need an estate plan as a new parent
As a new parent, you have a lot on your plate. Figuring out your family’s new routines, ensuring that your child has plenty to eat and gets plenty of rest, and ensuring that your taking care of yourself as much as possible can feel overwhelming at times, especially as...
How can you estate plan for your grandchildren’s benefit?
The estate planning process can give a lot of joy since it gives you the ability to leave assets to your loved ones, helping them build the lives that you want for them. In some instances, you can even see your loved ones enjoy those assets while you’re still around....
