Boyes, Farina & Matwiczyk

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Tagged: estate administration

Older Women May Have Specific Estate Planning Concerns In Florida

…Women are different from men in obvious ways. However, beyond just physical characteristics, there are differences in how women interact with society, particularly with estate planning in Florida or in any other state. Although every situation is different, and women are more independent than ever before, some women are still dependent upon their husbands for their financial well-being, which can affect a woman’s estate administration concerns.

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Estate Administration Plans May Include Conversion To Roth IRAs

…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.

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Essential Estate Planning Documents For Everybody In Florida

…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.

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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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Estate Planning Can Provide Security And Certainty In Florida

…There is nothing better than having peace of mind. In a tumultuous world full of unexpected surprises, it is no wonder that people in Florida are constantly searching for a sense of security and certainty. A fatal incident can occur at anytime and can come unexpectedly. Fortunately, estate planning can help people gain a sense of certainty by ensuring their assets will be given to their intended heirs after their death.

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Many Families Unprepared For Estate Administration In Florida

…Nobody can predict the future; however, that does not mean that individuals shouldn’t prepare for the future. Unfortunately, many families in Florida and other states are not making the necessary preparations for estate administration in the case of an unexpected death. Approximately 56 percent of families do not have estate plans in place, which leaves the assets of their estates unprotected.

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Estate Planning Will Help With Estate Administration In Florida

…Although the thought of one’s own death is not a comforting thought, there are many reasons why one should start to prepare for this inevitable event. Creating an effective estate plan will help make the estate administration process easier and more efficient by avoiding the need to go through probate court in Florida or in any other state.

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What Documents Are Needed For Estate Planning In Florida?

…Nobody can escape the inevitable. Although death is usually not a comfortable subject, it is important for any adult, despite income or age, to make preparations for one’s own death or incapacitation. The best way to do this is through a good estate plan which ensures one’s assets will be distributed to one’s intended heirs.

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New Estate Planning Laws Offer Advantages For Those In Florida

…Strategy is an important aspect of planning an estate. One of the most important aspects of estate planning strategy is planning for tax liabilities in Florida or in any other state. Lawmakers recently passed the American Tax Relief Act of 2012 (ATRA) which has resulted in significant changes in strategies for tax planning for estates.

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Celebrities Guilty Of Estate Planning Mistakes

…Celebrities are really just normal, everyday people. They can make mistakes just like everybody else does in Florida and in any other state. Many of these mishaps revolve around financial planning decisions by celebrities. Some of these financial mishaps involve celebrities making significant estate planning mistakes. Among the celebrities who reportedly made poor decisions regarding their estate plans include Sammy Davis Jr., Steve McNair and many other famous people.

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