Could it be true that the 2017 Tax killed Estate Planning? By removing the concern about taxes, do people feel there is no longer any need to plan? Since Estate Taxes only effect the wealthiest one to two precent do the rest no longer need to plan? I believe if you think about it, you […]
Do you ever consider what your beneficiaries would do if they won the Lottery? Please do not let the same thing happen when they inherit your Estate. #TuesdayTip
Although many of you have been lulled into a sense of security with the new tax act, it could create problems for you. If you live past 2025, or if a Democrat gets elected president the exemption may be reduced. Either way if your Estate Plan is several years old your spouse may inherit an […]
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.