It is not uncommon for a caregiver to be named a main beneficiary, especially when the caregiver has provided consistent support, companionship, and assistance during an individual’s later years. In many cases, this type of decision is completely legitimate and reflects the close relationship that has developed over time. However, […]
Category: Estate Planning
Some people choose to leave a lasting legacy by gifting money or assets to organizations or causes that they care about. However, these decisions can sometimes lead to strong emotional reactions from children or other relatives who may feel entitled to a larger share of the inheritance than what they […]
A personal representative is the individual appointed to manage a deceased person’s estate during probate. They have a legal duty to handle the estate carefully, pay debts, and distribute assets to beneficiaries while acting in the best interests of everyone involved. Under Florida law, a personal representative is generally required […]
Many clients are very confused about estate planning. One reason for this has been uncertainty about estate tax and the so-called estate tax “cliff.” Clients, especially those with a high net worth, have expressed concern about the tax consequences. Fortunately, with the correct planning and recent clarity on the federal […]