Just about everybody will have to deal with taxes at some point in their lives. On the other hand, many people forget about having to deal with taxes after death since it does not directly affect them immediately. However, this is an important part of planning for the estate administration process in Florida and every other state. Most people’s estate planning goals will include avoiding estate tax liabilities for intended heirs.
One common instrument people use in their estate plans is an IRA, which is aimed at providing intended beneficiaries with a source of regular income via distributions from the account….
There are various strategies available for those looking to create an estate plan. The legal documents one wishes to utilize in his or her estate plan will depend on one’s own personal estate planning goals. However, there are several estate planning documents that should be in everybody’s estate plan in Florida or in any other state.
One of the most important estate planning documents is a will. This document should be the first aspect included in one’s estate plan….
Creating an estate plan is an important thing to do for just about any person. This includes people of all income levels and age brackets in Florida or in any other state. However, approximately 51 percent of Americans between the ages of 55 and 64 have not completed the first step in estate planning, which is drafting a will. Further, about 62 percent of people between 45 and 54 do not have a will.
This can be a problem for many people if they happen to die before they are able to get around to creating a will….
Florida Bar Board Certified Wills, Trusts & Estates
Boyes, Farina & Matwiczyk, announced, Attorney Duane L. Pinnock recently joined the firm. Florida Bar Board Certified in Wills, Trusts & Estates, Mr. Pinnock will focus his practice in Trusts and Estates Litigation and Administration and Estate and Tax Planning. Less than one-third of one percent of all Florida lawyers are Board Certified in Wills, Trusts and Estates. A Florida Super Lawyers Rising Star™, for more than a decade he has represented beneficiaries, trustees, personal representatives and heirs….
Family is usually one of the most important aspects of people’s lives. This is why so many people work hard to earn money and accumulate wealth in order to ensure their family’s well-being in Florida or in any other state. Estate planning plays a crucial role in this endeavor after a person has passed away. This becomes particularly important if the person is one of the main income earners for the family.
If this is the case, one must ensure that his or her family can maintain the necessary income in order to make up for the loss of income in the case of one’s demise….
The law is designed to protect those most vulnerable in society. One of the most vulnerable groups in Florida and other states is children since they are not mentally mature enough to make many decisions on their own. Therefore, they are generally at the mercy of decisions and actions of adults, namely their parents. A judge would have considered the best interest of the child if a guardianship dispute over Paul Walker’s daughter had gone through the litigation process….