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IRS Adjustment for 2024

IRS Adjustment for 2024

by Florida Elder Law & Legacy Planning | Nov 25, 2023 | Estate Planning

The Internal Revenue Service this month announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. Some of the important changes for estate planning include:- Estate/Gift Tax...
What Happens to a Leased Car If the Owner Dies Before the Lease Term Ends?

What Happens to a Leased Car If the Owner Dies Before the Lease Term Ends?

by Florida Elder Law & Legacy Planning | Nov 21, 2023 | Estate Planning, Probate Administration

After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the...
How Far in Advance Should I Begin My Estate Planning

How Far in Advance Should I Begin My Estate Planning

by Florida Elder Law & Legacy Planning | Oct 24, 2023 | Estate Planning, Guardianship Lawyer

How Far in Advance Can I Begin My Estate Planning? You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will...
Third-Party Supplemental Needs Trusts

Third-Party Supplemental Needs Trusts

by Florida Elder Law & Legacy Planning | Sep 26, 2023 | Estate Planning, Special Needs Planning

If you want to provide for a loved one who is disabled or has special needs when you are nolonger here, care must be taken to ensure that the inheritance you leave will help rather thanharm your loved one. An inheritance received outright could negatively impact your...
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