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 […]
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
Each year, Robin Lloyd & Associates, P.A. proudly sponsors Youth Guidance! #WhatsHappeningWednesday http://veronews.com/2018/06/14/lulu-luau-assists-youth-guidance-programs/
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.
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 […]
The mortgage interest deduction is based upon interest on a million dollar loan….maybe not! #TuesdayTip
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.
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.
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
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 […]