by Randy Coleman | Nov 13, 2018 | Estate Planning, estate tax, Estate Taxes, Income Taxes, Retirement Planning, Trusts, Wills & Trusts Law, Wills and Probate |
What’s the impact of midterm elections and estate planning? Estate planning is meant to be an ongoing process, not a one-time transaction. In the same way that you never stop budgeting, saving, and investing as you go through life, it is also sensible to see...
by Randy Coleman | Aug 31, 2018 | Asset Protection, Disability Planning, Estate Planning, estate tax, Estate Taxes, No Will, Probate, Probate Law, Revocable Living Trusts, Wills and Probate |
According to court documents, legendary singer Aretha Franklin did not have a will when she died, despite reportedly having a son with special needs. The lack of a will opens up the intensely private singer’s estate to public scrutiny and unnecessary costs, and means...
by Randy Coleman | Apr 15, 2018 | Estate Planning, Pet Trusts, Probate, Revocable Living Trusts, Trustee, Trusts |
Estate planning is about protecting what’s important to you. Although much of the traditional estate planning conversation focus on surviving spouses, children, grandchildren, many pet parents wonder about what could happen to their “feathered children” after their...
by Randy Coleman | Mar 18, 2018 | Asset Protection, Beneficiary Designations, Discretionary Trusts, Estate Planning, Florida Asset Protection, Guardian of a minor child, Guardianship, Irrevocable Trusts, Revocable Living Trusts, Spendthrift Trusts, Wills & Trusts Law |
Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good...
by Randy Coleman | Mar 10, 2018 | Asset Protection, Durable Power of Attorney, Estate Planning, Florida Asset Protection, Premises Liability, Revocable Living Trusts, Trust Administration, Trustee, Wills and Probate |
A comprehensive estate plan should address all of your assets, and if you own rental property it should include appropriate asset protection considerations. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts,...
by Randy Coleman | Jan 21, 2018 | Business Owners, Estate Planning, estate tax, Estate Taxes, Family Business, Florida Asset Protection, Income Taxes, Internal Revenue Service (IRS), Probate, Revocable Living Trusts, Small Business Law, Wills & Trusts Law |
The Tax Cut and Jobs Act (TCJA) is now officially law. Both the House and Senate passed the new tax reform bill in December with straight party-line votes and no support from Democrats. President Trump signed it into law right before Christmas. It is the first...
by Randy Coleman | Nov 3, 2017 | Advance Directives in Florida, Designation of Health Care Surrogate, Disability Planning, Durable Power of Attorney, Elder Care, Elder Law, Estate Planning, Health Care Power of Attorney, Long Term Care, Nursing Homes, Revocable Living Trusts, Wills & Trusts Law |
November is National Family Caregivers Month. More than 15 million American family members care for loved ones with Alzheimer’s disease. Here are some tips provided by the Alzheimer’s Association to help those providing care for family members who have...
by Randy Coleman | Nov 1, 2017 | Estate Planning, estate tax, Intestacy, Joint Tenants with Right of Survivorship, No Will, Probate, Probate Law, Probate Litigation, Revocable Living Trusts, Tenancy by the Entireties, Trust Litigation, Trustee, Trusts, Will Challenges, Will Contests, Wills & Trusts Law, Wills and Probate |
Whether your spouse has just passed away or you have lost your mom or dad, the emotional trauma of losing a loved one often comes with a bewildering array of financial and legal issues surrounding probate & trust administration demanding attention. It can be...
by Randy Coleman | Sep 1, 2017 | Income Taxes, Individual Retirement Accounts, IRAs, Kiddie Tax, ROTH IRAs |
Grandparents may be tempted to leave an Individual Retirement Account (IRA) to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who...
by Randy Coleman | Aug 14, 2017 | Estate Planning, Florida Asset Protection, Gun Trusts, Joint Tenants with Right of Survivorship, Tenancy by the Entireties, Tenancy in Common |
People often set up bank accounts or real estate so that they own it in joint ownership with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through...
