The best way to prevent financial assets from being removed from one's estate is to put into place various tax savings strategies. One authority on financial planning stated that "most people don't think about how taxes affect their long-term portfolio."...
Trusts
Estates of any size can be subject to probate
There are a large number of misconceptions when it comes to estate planning. Unfortunately, many of us rely upon less-than-expert advice that individuals in the media or even in our neighborhoods are willing to offer. In the long run, it may prove much less costly to...
Trusts can play important role when it comes to estate planning
It appears that the recently deceased movie star, Paul Walker, did many things right when it came to distribution of his millions of dollars in assets. Perhaps most importantly, it appears he at least understood that having a will is only a small portion of what is...
Family pets can be accounted for in estate planning too
While countless people living in places like Miami, Florida, would agree that the family pet is exactly that, the law has yet to recognize animals as anything but property. That's why it's incredibly important that pet owners account for the future of their furry and...
Trust administration dispute could cost of millions
When individuals are given the responsibility of managing a high-asset trust, they are charged with distributing large amounts of funds and property on behalf of another individual’s estate. And in cases where the estate is dynamic and growing, trustees can be...
A revocable trust can eliminate the probate process
Planning one’s estate in Miami-Dade can be a complicated and confusing process. First, a person or couple must decide on who their heirs will be. Then decisions need to be made regarding what each beneficiary will receive and whether to decree money to any...
Trustees claim mental incompetence, stop paying Disney’s grandson
For people in Miami-Dade, and elsewhere, there are a number of estate planning options that can be used both to convey your final wishes and to establish how you want any assets you may have distributed after your death, and by whom. Particularly for sizeable sums,...
Trusts may have better protected James Gandolfini’s heirs
The death of Soprano star James Gandolfini saddened the entire nation last month, as well as his family and close friends. Reportedly, the actor left behind an estate worth about $70 million, and he was generous enough to include several beneficiaries in his will....
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...
A divorce trust is a way to protect assets from the ex
When a couple gets married in Florida, they don’t want to think about the possibility of the marriage ending and any marital assets being disputed. For that reason, many couples don’t write up a prenuptial agreement, as they might find the idea of drawing...
