The Importance of Making Your Accounts Payable-On-Death
Avoiding probate comes in many forms. One of those is by ensuring you create payable-on-death accounts with your financial institutions.
A Step-Up In Basis to Reduce Capital Gains
The step-up in basis reduces the capital gains tax on inherited assets. It is an effective way to preserve an inheritance and save money.
Can an LLC Operating Agreement Avoid Florida Probate?
A properly drafted LLC may very likely avoid Florida probate. Many individuals use the limited liability company (“LLC’) to own rental property in Florida for asset protection and to limit personal liability. It is the favored entity for closely-held businesses and family investments. Many families see the LLC as a substitute to the irrevocable trust or …
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The Eldercare Coordination Alternative to Guardianships
The eldercare coordinator would be appointed to handle family matters that impact an elder’s safety and autonomy.
How to Avoid a Guardianship
You can avoid a guardianship by having someone you trust to handle your personal affairs with a few estate planning documents.
Professional Guardians – Who are They and What do They Do?
To become a professional guardian, you can be a natural person or a corporation as long as you are providing guardianship services. You must also meet the requirements to become a professional guardian.
Five Things to Know About a Conservatorship
Whatever it is, it sounds scary, doesn’t it? Learn more about it so you can avoid it if need be. But if you must have one, appoint someone now who will serve that role.
#Freebritney is finally over. So, what did we learn?
Since 2008, Britney Spears has been under a conservatorship managed mostly by her father. Thanks to the “Free Britney Spears” campaign started by her fans everyone knows about her case. But most people do not know what a conservatorship is and what it does. To give you a better understanding, we are going to discuss the Britney Spears conservatorship. Let’s begin.
What Is a Special Needs Trust and How Does It Work?
Special needs trusts can help those that are physically disabled, mentally disabled, or chronically ill. This includes individuals of all ages who made need part time or full-time care.
Are My Estate Planning Legal Fees Tax Deductible?
Prior to 2018, you may have been able to deduct legal fees associated with estate planning. However, that all changed with the Tax Cuts and Jobs Act passed that year by Congress.