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.
Deeds
Lady Bird Deed – Is It Something I Need To Consider?
A Lady Bird deed is a legal tool that allows an owner of “real property” to transfer it to a
beneficiary without the need to submit the matter to the probate court, which Florida law
would otherwise require.
Lady Bird Deeds: Can I Get One in Florida?
A Lady Bird Deed can be very useful for your estate planning needs.
What is a LadyBird Deed?
Florida has a very cool way to devise property that you need to know about. In a ladybird deed, the grantor (property owner) deeds the property to the remaindermen (the people you leave the property to after your death) and the grantor retains a life estate. Even though the grantor only has a life estate, …