Archive

Be sure to update your estate planning to ensure that your heirs will get second stepped up basis upon the second death of you or your spouse. Under previous planning techniques we used A-B Trust. Since the introduction of portability this may not be necessary and may in fact cost your heirs estate income tax.  […]

Are all of your beneficiary designations up to date on assets such as a life insurance policies, 401(k) accounts, and IRAs?     #TuesdayTip

With the holiday season here, now is a great time to tell your family where all of your estate planning documents and important information is located.    #TuesdayTip

The estate tax exemption for 2020 is $11.58 million, an increase from $11.4 million in 2019.   #TuesdayTip

Will the Estate Tax Exemption and tax rate continue until 2025?       #TuesdayTip

Did you know that if you are the Personal Representative for an estate, Florida law allows you to receive a fee for your services based on the value of the estate.  #TuesdayTip

Does your Estate Plan provide for a stepped up basis at the second death?    #TuesdayTip

Did you know that Save Our Homes is an amendment to the Florida Constitution that provides for a limitation on the increases in assessed value of a homestead residence.      #TuesdayTip

IS YOUR TRUST GOING TO BE SUBJECT TO OUT OF STATE INCOME TAX AFTER YOU DIE ?  Maybe.       #TuesdayTip

As the Personal Representative of a probated decedent’s estate, it is a good idea to wait to pay off small debts of the decedent until the creditors file a claim against the estate.      #TuesdayTip