Estate Tax Exemption
Will the Estate Tax Exemption and tax rate continue until 2025? #TuesdayTip
Your Estate Plan at the Second Death
Does your Estate Plan provide for a stepped up basis at the second death? #TuesdayTip
Income Tax on Your Trust
IS YOUR TRUST GOING TO BE SUBJECT TO OUT OF STATE INCOME TAX AFTER YOU DIE ? Maybe. #TuesdayTip
Taxation of Trust by Zachary Kleiman, Esquire
Did you know that the state in which your Trustee resides may impact the taxation of your Trust? To learn more about this, check out Attorney Robin Lloyd’s new article in the upcoming edition of Portfolio magazine. #TuesdayTip
Contracts by Zachary Kleiman, Esquire
Did you know that certain contracts, such as a sale of an interest in land, must be in writing and signed by the parties in order to be a valid contract, otherwise they are not enforceable. #TuesdayTip
Primary Residence by Zachary Kleiman, Esquire
Did you know that transferring your primary residence into your revocable trust will not affect your homestead exemption? #TuesdayTip
Marital Deduction
Did you know that, in most cases, due to the unlimited marital deduction, you can give or bequest to your spouse an unlimited amount free of any federal estate or gift tax issue. #TuesdayTip
Retirement Account Distribution
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
Home Healthcare
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
Was your Last Will & Testament properly executed?
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