What is an ILIT and Why Would You Want One?
Estate planning has certain wealth management aspects to it, including asset protection and wealth planning. In today’s post, we will discuss one estate planning tool that helps to ensure that…
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What is a SLAT and When Does it Make Sense to Have One?
Acronyms can make you feel like you’re totally “in the know”: like you’re speaking a secret language. Or they can simply confuse the heck out of you. Today we’re taking…
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3 Tough Questions to Ask Yourself Before Meeting with an Estate and Probate Attorney.
Once you have taken the important step of making an appointment to meet with an estate and probate lawyer to discuss your estate plan, you should take a little time…
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Asserting Control from Beyond the Grave: Conditional Bequests.
When you make a Last Will and Testament (“Will”) you get to decide who will receive your property at the time of your death. You also can choose when they…
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4 Essential Elements a Trust Must Have to Qualify Under Florida’s New Community Property Trust Act.
On July 1, 2021, Florida’s new Community Property Trust Act became effective. The Community Property Trust Act (or “CPTA”) allows married couples in Florida to create a valid community property…
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Florida’s New Community Property Trust Act: An Overview.
Florida recently enacted a new law that is making some exciting changes in estate planning. This new law, the Community Property Trust Act (CPTA) went into effect on July 1,…
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Good Things Come in Threes: The 3 Main Roles in a Trust.
A revocable living trust (aka a “living trust,” referred to here simply as a “trust”) is a wonderful estate planning tool. But understanding who the parties in a trust are…
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Why A Power of Attorney Isn’t So Powerful When It Comes to Trusts.
When your life has reached the stage where you may need to help a loved one or aging parent handle their finances or make medical decisions for them, a great…
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What’s So Special About Special Needs Trusts?
A trust is a very flexible estate planning tool. The great thing about creating a trust is that it can adapt to the particular needs of your unique situation. If…
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2 Ways You Can Lose Tenancy by The Entirety Property Protection.
Not all states allow married couples to hold property under the designation of tenancy by the entirety (“TBE property”). But in those states, like Florida, that do, owning real or…
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