Many of us hope never to end up in a nursing home, but there is a likelihood that we will. According to the AARP, over a million Americans are living in and receiving care in nursing homes. With significant costs associated with nursing home care, this can quickly drain bank […]
Florida residents may have heard about the homestead exemption, which allows qualified homeowners to claim a tax exemption on the home and surrounding property. However, the rules can be difficult to understand, potentially leading homeowners to make costly mistakes that jeopardize asset protection. This is what Florida homeowners should know about homestead […]
Trust decanting is the process of transferring assets from one trust to a new trust with different terms. People use trust decanting to update or improve trust terms, sometimes allowing them to avoid going to court. However, there are instances where a court might still need to approve. Here is […]
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 […]