Although most Americans admit to knowing the importance of inheritance planning, over half do not have a plan in place. I reason for this appears to be that there are a number of myths and misconceptions about inheritance planning. To some extent this is understandable because the average person has little reason to know much about inheritance planning until they actually sit down to create their … [Read more...]
When Should You Start Your Inheritance Planning?
Procrastination has always been the enemy of sound planning. It’s been true throughout history, and has often led to dire consequences for those who hesitated to act until it was already too late. In modern times, we see procrastination at work when it comes to estate planning too. For while more people have finally learned about the importance of inheritance planning, far too many still fail to … [Read more...]
Florida Inheritance Planning Made Simple
You are undoubtedly aware that you need to start thinking about inheritance planning. In fact, you should probably already have an estate plan in place; yet, you have continued to put it off for one reason or another. You are not alone. Despite admitting to knowing how important inheritance planning is, over half of all Americans have yet to create a comprehensive estate plan. One of the primary … [Read more...]
What You Need to Know About Before Contesting a Will in Florida
Contesting a will is a topic that a lot of people have questions about. Will contests are popularly used in films, books, and television as plot devices, but the reality is often a lot different than the fictional portrayal. Today we are going to look more closely at will contests in Florida, what they are, how they work, and what you need to know about them.As a general rule of thumb, … [Read more...]
Common Questions About Refusing Inheritances
Even though it is not something that most people consider, you might face a situation one day in which refusing inheritances or gifts could be in your best interest. The process of refusing inheritances is not overly difficult, but it is something that requires careful care and consideration. Knowing what effect accepting an inheritance or gift will have on you and your family is essential if you … [Read more...]
Choosing How to Transfer The Family Home – 3 Main Options
Many parents want to create an estate plan in which they transfer the family home to one or more of their children after they die. Real estate transfers can be accomplished through a variety of methods, though some are more commonly employed than others. As a general rule it’s always best to discuss each option in depth with your estate planning attorney before you make your decision, but here are … [Read more...]
Survey: Millionaires to Leave Children, not Charities, Their Fortunes
A recent poll from CNBC shows that a large majority of American millionaires are planning on leaving their wealth to their children. The millionaires say that charitable causes, philanthropies, and social causes score low on their list of inheritance priorities. This poll comes just as the nation is beginning the largest cross-generational wealth transfer in its history. Millionaires and Their … [Read more...]
Transferring Inheritance Rights in Florida
Though it isn't a very common situation, there are some circumstances under which you might want to transfer your inheritance rights to others. The process of transferring inheritance rights in the state of Florida can be slightly complicated, which is why you should always speak to your attorney before you make any decisions about these kinds of transfers. Until you talk to us, however, there is … [Read more...]
Florida Inheritance Planning: Additional Questions and Specific Actions
Florida inheritance planning additional questions and specific actions from Robert Kulas A last will and testament is an essential part of almost every inheritance plan, regardless of what your specific needs are. Learn more about Florida Inheritance Planning in this presentation. … [Read more...]
Slayers Don’t Inherit – The Florida Slayer Rule
If the old adage of "crime doesn't pay" has a single embodiment in estate planning, that embodiment is the slayer rule. Florida, like almost every other state, has a specific law that prevents people who kill others from receiving an inheritance from those whom they have killed. Commonly known as the slayer rule or the slayer law, it isn't an issue that people commonly encounter in the estate … [Read more...]
