Archive

Did you know that Congress may soon pass a bill that will change the age at which you must start taking required minimum distributions from your retirement account? #TuesdayTip

Did you know that a spouse may elect to receive 30% of the deceased spouses estate regardless of what the Will says?

The average cost of home healthcare for a retiree to spend on healthcare is approximately $285,000.00. This of course can change depending on your healthcare needs. Something to thing about when planning your estate! #TuesdayTip

For a Last Will and Testament to be properly executed in Florida, it must be signed in the presence of two witnesses, and the witnesses must sign in the presence of each other and a notary. Please check to make sure your documents have been executed correctly. #TuesdayTip

Did you know that even though there is no estate tax in the state of Florida, you still may be subject to the federal estate tax if your estate is worth more than $11.4 million for an individual and $22.8 million for married couples? #TuesdayTip

By filing Probate it shortens the creditors period and makes it a lot easier on the Personal Representative.

An individual can gift up to $15,000 per recipient this year without triggering a taxable event. For a couple that is married, the exclusion goes up to $30,000 per recipient for this year. Dont forget to check with your tax professional for the Gift Tax Return. #TuesdayTip

What would your beneficiaries do if they hit the lottery? This is something to consider when you are planning your Estate distributions. #TuesdayTip

The staff of Robin Lloyd & Associates would like to wish everyone a very Merry Christmas! Enjoy this time with your loved ones.

The holiday season is a great time to discuss and review the intentions of your Estate Plans with your family. You may need to update your plans after review with your family. #TuesdayTip Zachary Kleiman, Esquire