by Monique | Apr 5, 2021 | Estate Planning
You can currently give away up to $11.7 million dollars to other individuals during your life or upon your death without paying any gift tax. However, even though you do not need to pay gift tax on gifts made before you reach this amount, you do need to file a gift...
by Monique | Dec 9, 2020 | Estate Planning, Firm News
The law office of Lavender Greenberg has implemented new estate planning signing procedures to ensure the safety of our clients and staff. Some of the safety measures in place include the following: Avoiding close contact – The CDC recommends individuals...
by Monique | Nov 25, 2020 | Avoiding Probate, Estate Planning, Estate Planning for Parents, Probate, Transferring Wealth to the Next Generation
An enhanced life estate deed, also known as a ladybird deed, is an effective way to transfer real property on the death of the owner without going through probate or using a revocable trust. This allows a property owner to retain lifetime ownership of their...
by Monique | Apr 26, 2021 | Uncategorized
Working with a knowledgeable estate planning attorney can help you minimize your gift and estate tax obligations with strategic planning. We encourage many of our high net-worth clients to use a strategic gifting program. This means they utilize $15,000...
by Monique | Apr 12, 2021 | Estate Planning
Gift tax and estate tax are actually the same thing–federal wealth transfer tax. US citizens are allowed to give away up to $11.7 million (the $10 million exemption amount adjusted for inflation) during their life or upon their death. Under current law, the...
by Monique | Jan 20, 2021 | Avoiding Probate, Estate Planning
Every adult needs to have an estate plan in place. An estate plan is a plan that lays out who is in charge and what will happen when a person is incapacitated or passes away. The estate plan usually includes documents such as a will, living trust,...
by Monique | Jan 6, 2021 | Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
According to the CDC, approximately 46% of children in Florida are born to unwed mothers. In Florida, a child born out of wedlock may face problems inheriting from their biological father’s estate when their father passes away. Even if the child had a great...
by Monique | Jul 1, 2020 | Estate Planning for Parents
Traveling and working parents may wish to nominate a responsible individual to make medical decisions for their minor children if the parents cannot be reached. It is important for parents to make this determination before leaving their child with a caregiver. If a...
by Monique | Jun 24, 2020 | Avoiding Probate, Estate Planning, Probate, Transferring Wealth to the Next Generation
Florida homeowners may not realize the Florida Constitution imposes certain rights and restrictions on their homestead property. Although there are specific requirements for a home to be considered a person’s “homestead,” generally it is an owner’s permanent...
