by Monique | Sep 27, 2024 | Estate Planning, Estate Planning for Parents, Transferring Wealth to the Next Generation
An afterborn child is a child who was conceived before the death of the parent, but who was born after their death. According to Fla. Stat. § 732.106, afterborn children inherit from the estate of their deceased parent as if they were born during the decedent’s...
by Monique | Aug 28, 2024 | Estate Planning, Estate Planning for Parents
Adoption has become more common over the years, causing the law to adapt to these new circumstances. How an adopted child inherits from a deceased parent who had no will is defined in Fla. Stat. § 732.108(1). Sub-section (1) of the statute states that adopted...
by Monique | Jan 18, 2024 | Estate Planning
In today’s digital age, much of a person’s life and memories are saved on their devices. Whether it is pictures on social media or memories saved to the Cloud, data stored on one’s device can offer relief and valuable memories to grieving loved ones. So, what happens...
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 | 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...
