Tag Archives: Tampa Estate Planning Lawyer
Prince’s Family Engaged in Difficult Estate Fight
We have often written about the importance of putting a will and other estate documents in writing, and about how doing so not only solidifies your wishes, but can avoid costly and contentious litigation between family members. It just so happens that the unfortunate passing of the music icon Prince is now revealing that… Read More »
IRA Tax Exemption Law Benefits Elderly and Charities
The IRS tax code contains many different tax exemptions and ways for people to minimize their tax liabilities. Some of these provisions have been with us forever, and will likely never change significantly. But some come and go, depending on the economy, or the mood of congress. One popular tax break, which benefits the… Read More »
Don’t Lose Those Homestead Protections
Florida’ constitution provides broad protection for a homestead. Your homestead is generally protected from creditors, and protected even from bankruptcy courts. A homestead is generally considered a great asset protection mechanism, and there are also very significant breaks on taxes for homestead properties. A family only gets to declare one homestead (other than those… Read More »
Plan Now to Avoid Medicaid Problems
For many with moderate to lower incomes, Medicaid can be the difference between life and death, and the difference between being able to get into a good long term care facility, or being left in the cold. Many people don’t realize it, but many financial decisions that they may make throughout their younger years… Read More »
Bill Allowing Access to Online Accounts Passes Florida Senate
In the world of estate planning, we often give attention to items that have monetary value—money, property, intangibles, etc. Sometimes, we give attention to items with little monetary value, but with significant emotional value—family heirlooms, pictures, pets, or historical items. But rarely do we think about social media—specifically, what happens to our social media… Read More »
How Far Does Florida’s Slayer Statute Reach?
It sounds like a plot from a poorly written movie: Someone with something to inherit murders the person leaving the property in order to obtain the inheritance. Common sense tells us that aside from the obvious illegality of the homicide, the person doing the murdering probably shouldn’t inherit the property they sought to inherit…. Read More »
Filial Laws and How They Could Affect You
When parents age, the medical expenses can mount. Whether it’s for medical treatment, long term care, in home care, or end of life care, bills can exceed what someone’s parents are able to afford. If your parents pass, leaving significant medical expenses, debt collectors may turn to you as their child to pay those… Read More »
Are You Personally Liable for the Debts of Someone Who Passes Away?
There is often nothing more catastrophic than the passing of a loved one. However, that trauma is often exacerbated by debt, and what happens when creditors of the deceased come looking to you to collect debts. Often, collectors will blindly look to the survivors to pay the decedent’s debts. Knowing your rights can help… Read More »
New Health Care Surrogate Laws Remind Us How Important Having One Can Be
When we think of estate planning, we tend to think of planning for all of our stuff, and specifically who will get it, how will it be spent, and where will it go. But many people give little thought to planning for disability, or for health problems that may render them unable to tend… Read More »
Don’t Ignore Intellectual Property When Planning an Estate
What does the 1980s classic movie “Back to the Future” have anything to do with estate planning? A recent lawsuit involving an icon in the famous movie is a good reminder about planning for assets you may not think about right away. Lawsuit Involves Iconic Movie Car The case involves a lawsuit by John… Read More »
