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 | 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 | 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...
by Monique | May 28, 2019 | Estate Planning, Estate Planning for Parents, Guardianship, Transferring Wealth to the Next Generation
When clients want to leave their assets to minor beneficiaries, we almost always will recommend that the assets are left “in trust” as opposed to devising the assets directly to the minor children. In Florida, assets left directly to beneficiaries will often need to...
by Monique | Jun 4, 2018 | Avoiding Probate, Estate Planning for High Net-Worth Individuals, Minimizing Tax Exposure, Revocable Trusts, Transferring Wealth to the Next Generation
In a world where estate tax only applies where an individual US person has over $11 million in assets (or $22 million for a married couple), the main focus of estate planning clients is often avoiding probate and the fees that come with it. (Attorneys’ fees in...
