Any decent person would agree that combating human trafficking is a great thing. So when the Florida Legislature’s “Anti Human Trafficking” bill becomes law this October, it should be a cause for celebration. But far from promoting the admirable goal of reducing human trafficking, the law increases the penalties of prostitution, and in a manner […]
– What is “Stepped-Up Basis? At death, the beneficiary of an inherited asset (including stocks, bonds, and real estate) will receive the asset with a basis equal to the fair market value of that asset at the date of death.
1. What is Probate? Probate is the method by which the assets of a deceased person are gathered, creditors paid, and the remainder of the estate distributed to beneficiaries. In most Florida counties, the probate system is conducted in a specialized probate division of the Circuit Court, under the oversight of one or more probate […]
Getting the help of a lawyer can be an easy way to do estate planning. However, hiring a professional attorney can be costly. Most attorneys charge you per hour for their estate planning services. Therefore a certain level of preparation is necessary when dealing with an estate planning attorney. Such information below can be
Federal Estate Tax: The Estate Tax is a tax on your right to transfer property at your death. The tax is applied to everything you own or have interests in at the date of your death. The fair market value of all these interests and assets, at the date of your death, equates to your […]
A trust is a fiduciary arrangement that allows athird party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. There are various ways to arrange a trust and specify exactly how and when the assets of the trust will pass to the beneficiaries. One big advantage with trusts is the avoidance of […]
This world is full of uncertainty, and this is vastly evident when it comes to the management and operation of one’s wealth after he has died. Estate planning rids the individual off the worries about future plans. Thus, estate planning basically is a preemptive analysis of one’s financial situation, that allows them to provide a […]