Boyes, Farina & Matwiczyk

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Monthly Archives: March 2014

Special Use Valuation Can Be Key For Business Estate Tax Planning

…Death is something that nobody can avoid. Also, as the saying goes, taxes are just as inevitable as death in Florida or in any other state. On the other hand, there are some things that a person can do to minimize exposure to the estate tax. However, estate tax planning can take on a flavor of its own when it comes to business owners.

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Social Media Is Now Important Part Of Estate Planning In Florida

…Social media has been one of the most influential developments as of late. One would be hard pressed to find a person who does not have a social media account in Florida or in any other state. This is why social media and other digital assets are now an important part of planning for estate administration.

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Will Planning Is Important Part Of An Estate Plan In Florida

…Human survival instincts make it natural for people to avoid death. However, many people in Florida will avoid even talking about the subject altogether. This can become a problem if it causes people to neglect creating an estate plan. A recent study has revealed that only 35 to 45 percent of people have not done any will planning, which can cause problems for their families in the future.

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Estate Planning Should Also Include Post-Mortem Planning

…Planning an estate is important for anybody, no matter what age or how wealthy. Estate planning provides direction for heirs on how to administer one’s estate after a person dies in Florida or in any other state. This will help heirs avoid having to go through a lengthy probate process. However, even with an estate plan in place, after one dies, there are still several tasks that must be completed.

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