Remembering 9-11.
#TuesdayTip
Choosing a Trustee by Robin A. Lloyd, Sr., Esq.
Many times when I ask a client who they want as their Trustee they think for a moment and simply say their oldest child. Sometimes they mention the child who they feel is most dependable. Our children usually have their own families to manage or are deeply involved in their careers. Other problems might arise […]
Florida Residency by Robin A. Lloyd, Sr., J.D.
Did you know that you could move to Florida mid year, become a resident and stop paying another state’s Income Tax? Caveat: See your tax professional first. #TuesdayTip
IRA Distributions by Robin A. Lloyd, Sr., Esq.
Did you know that the Required Minimum Distribution of an IRA that is left to multiple Beneficiaries must be paid out based upon the age of the eldest thereby, perhaps penalizing the younger beneficiaries.
Real Estate Capital Gains by Robin A. Lloyd, Sr., J.D.
To accurately calculate real estate capital gains, always keep track of the capital improvements on your property. When you sell the property, you will need to add these amounts to your total purchase cost and subtract that from the net sales price. Of course, you may have your homestead exclusion to apply against this as […]
Mortgage Interest Deduction by Robin A. Lloyd, Sr., J.D.
The mortgage interest deduction is based upon interest on a million dollar loan….maybe not! #TuesdayTip
Claiming Homestead by Robin A. Lloyd, Sr., J.D.
Just because I get this small benefit from property tax on my home in another state does not mean I can’t claim Homestead in Florida…..OOPS!!! Please call our office at 772-234-5500 to speak to Attorney Robin Lloyd about the Homestead Laws and owning property in multiple states.
Homestead Property by Robin A. Lloyd, Sr. , Esquire
So I own my home in Florida and have it homesteaded but I rent it out once a year……..woops!! Am I in trouble? Please call our office at (772) 234-5500 if you have any questions regarding renting your homestead property.
Do I need to do something today about my Estate Planning? by Robin A. Lloyd, Sr., Esquire
Will the Estate Tax Law change as a result of the 2018 Congressional Elections? This is the big question, depending on your answer will decide whether or not you have to do something today to lock in your $11, 180,000.00 exemption by the proper use of Trusts. Robin A. Lloyd, Sr. Esquire
Tax Stability by Robin A. Lloyd, Sr.
At the end of the year we were assured that we were getting tax stability. Suddenly we would have a tax code that both businesses and individuals could rely on for a stable future. You would know the rates, deductions and credits for years to come. Planning would be a simple matter and change would […]