Boyes, Farina & Matwiczyk

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Tagged: probate

Estate Planning Important To Married Young People In Florida

…Planning an estate is usually one of the last things on the minds of most young people. However, it is never too early to begin estate planning in Florida or in any other state. Many young people have more assets than they realize and should do whatever they can to make sure these assets are protected in the case of something unfortunate occurring.

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Estate Planning Should Consider Death As Well As Incapacitation

…People should not procrastinate when it comes to planning an estate. One never knows when something unfortunate could happen in Florida or in any other state. Creating an effective estate plan requires choosing the correct legal instruments which will accomplish one’s estate planning goals. It is also essential that one’s estate plan addresses not only when a person dies, but also when he or she is incapacitated.

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Estate Planning Decisions Depend Upon Each Person’s Goals

Having an estate plan is one of those things that people are told is important. However, there are many people who do not fully understand what estate planning is and how it can be valuable in Florida or in any other state. The goal of estate planning can vary with each person;

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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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Tax Liability Not The Only Important Thing In Estate Planning

…Estate plans help make sure one is prepared in the case of one’s death. Although this is an uncomfortable topic, it is an important one to address. There are a variety of goals which people have in mind when making an estate plan in Florida or in any other state. Most people usually focus on avoiding tax liability when doing their estate planning.

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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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Being Honest About Debt Will During Estate Administration

…After a person passes away, their heirs and family will be responsible for dealing with distributing the person’s assets and money. Estate planning before death can significantly help intended beneficiaries navigate through the estate administration process while also avoiding costly court fees associated with probate proceedings. One of the most important steps in Florida estate planning is to inform intended beneficiaries of any debts remaining, including credit cards, mortgage obligations or any other large debts that have not been paid off.

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Proper Estate Planning Will Help Heirs Administer Estate Easily

…Most people do not particularly enjoy talking or thinking about their own deaths. However, death is a fact of life and this will be something which a person’s loved ones will have to deal with at some point. It is helpful to think about the financial consequences of a family member’s eventual death, since it will be up to the decedent’s survivors to settle that person’s financial affairs in Florida or anywhere else.

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Fiscal Cliff Deal Changes Estate Planning Strategies In Florida

…The recent fiscal cliff tax deal has had significant effects on how people are planning their estates. The most significant aspect of the fiscal cliff deal is the estate tax. The new legislation keeps the exemption for the estate tax at $5.12 million, which is now permanent and can be moved between spouses.

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