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.
Trusts and Estates
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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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.
Florida Probate Attorney: You Don’t Care what Happens after you Die?
Florida probate and estate planning attorneys help you care for your family by helping you avoid probate.
Avoid Florida Probate for your Family
The Florida Probate process is so famous for its delays, costs and aggravation that most people try to avoid it, if possible. Some people, however, are known for saying something along the lines of, “It won’t matter, I will be dead.” (insert canned laughter). While it is true that your probate would occur after your …
Parental Fears Created My Legal Passion
Have fears as a parent? We did too. Let us guide you as we plan from a parent’s perspective.
21 Reasons 2021 is the Year of the Estate Plan
If you’ve delayed getting your estate planning documents together, this year, 2021, is the year to get it done. Think about it. You are stuck in this pandemic which took away your control over so many things. You cannot travel and visit with others as you wish. This entire time can be viewed as a complete time waster, if we do not act to create something of value. How about using 2021 to create the joy of accomplishment?
Do Florida Parents Need Revocable Trusts?
If you have young kids, a cookie-cutter estate plan won’t work. Do Florida parents need revocable trusts? Parents of young kids need estate plans as unique as their own children.
Change Last Will in Florida
When big changes happen, you may need to revise your last will and testament or other estate planning document. But how do you make sure those changes are legal and effective? The Law Office of Lori Vella can help.