Dec 232011
 
Year End Estate Planning For The Small Business Owner

The end of the year is as a good time for the small business owner to review recent developments in their personal lives and update their estate plan where necessary.  There are a number of estate planning issues unique to the small business owner that should be addressed with a Florida estate planning attorney. As the family of the business owner develops and grows, so must their concern about properly structuring the business.  Births, deaths, and marriages are all life events that have enormous consequences on both a business and an estate plan.  Children become adults, obtain educations, and seek More…

Dec 212011
 
End Of The Year Estate Planning - Review And Update Your Estate Plan

Many people find that the end of the year is a good time to review their estate plan and make changes where necessary.  This is because a plan that was sufficient a few years ago (or even yesterday) may no longer be appropriate today.  Thus, it is important to review your estate planning documents at least every 3-5 years to make sure that they are accurate, reflect your current wishes and are still effective.  An estate plan should be reviewed more frequently when changes in the law or life circumstances dictate such a review. Take a moment to look back More…

Dec 162011
 
End Of The Year Estate Planning - Taxes

As the end of 2011 draws near, we find it helpful to take one last opportunity to mention some important estate planning measures that should be reviewed at least annually. There are numerous tax planning opportunities that should be considered before the year ends.  For example, everyone is generally entitled to make an annual gift of up to $13,000 per individual (or $26,000 per couple) without incurring any gift tax.  Making annual exclusion gifts is a great way to thin out an estate while ensuring that the proper beneficiaries receive assets during the lifetime of the grantor.  The simplest way More…

Dec 082011
 
Florida’s Protection Of Retirement Accounts

As the end of the year rolls around, individuals are seeking to make contributions to their retirement accounts, in order to save for retirement as well as secure a tax deduction on their 2011 returns.  Florida residents will be happy to know that they enjoy broad and comprehensive protection of their retirement accounts from the claims of their creditors.  Florida Statute 222.21(2)(a) states that “any money or other assets payable to an owner, a participant, or a beneficiary from, or any interest of any owner, participant, or beneficiary in, a [retirement] fund or [retirement] account is exempt from all claims More…