When you’re planning your estate, it’s understandable that you’re going to want to work out the best situation for your loved ones after you’re gone. This will, of course, include a plan that will keep as much of your assets as possible exempt from Florida estate tax....
Month: June 2013
Consider a self-settled trust in your estate planning
It’s always a great idea to be sure that your loved ones will be taken care of after you’re gone, but when you’re working out your estate planning, are you making sure to protect your assets from future creditors during your lifetime? A savvy method...
Tax Benefits For Families With Special Needs Children
If you are a parent of a special needs child, regardless of their age, you may be entitled to tax exemptions you are not aware of.According to a recent article in the Journal of Accountancy, "15% to 30% of families with a disabled child have one or more unclaimed tax...
Estate planning should also include college funds
Many parents and grandparents want to include a college savings plan for the children they care about in their estate planning. College savings plans have tax advantages, as well as provide education security and freedom of student loan debt for their loved ones. When...
Be sure to carefully name beneficiaries in your estate planning
For some reason, many Florida residents tend to put off their estate planning. It may be an uncomfortable decision for some, or others could be too busy with their lives to bother. For most of us, it’s easier just to say we’ll do it later. But naming your...
