After the SECURE Act and SECURE 2.0, the rules for inheriting retirement accounts changed, especially when a revocable trust is named as the beneficiary. Most non-spouse heirs now face a 10-year payout limit, and if the trust isn’t structured correctly,...
Many married couples in Florida hold assets as tenancy by the entirety (TBE) because it offers strong protection: A creditor of only one spouse can’t touch the asset. However, that protection can disappear when the couple moves the property into...
It’s not easy to picture a time when you can’t make your own financial decisions. Yet, in Florida, that reality can come without warning, whether from an accident, sudden illness, or the gradual effects of conditions like dementia. When that...
When you remarry in Florida, your estate plan changes, whether you update it or not. The law steps in automatically if you don’t, and in blended families, that can mean your spouse gets more than you expected or your kids...
Setting up a revocable trust is often seen as a way to “make things easy” after someone passes. But for the person named as successor trustee, there is much to do. Many people are surprised by how hands-on the process...
Many retirees and snowbirds move to Florida dreaming of warm weather and tax savings. But few realize that Florida’s unique estate planning laws can clash with documents created in another state. Whether you are moving from Georgia, New York, or...
Creating a revocable living trust is an important first step in estate planning. However, that alone is not enough. To make the trust effective, assets must be properly transferred into it. This process, known as “funding” the trust, is what...
Passing a family home to the next generation sounds simple, but in Florida, homestead laws add an extra layer of rules that many families overlook. In addition to protecting your residence from creditors and providing valuable tax breaks, these laws...
Divorce can complicate even the best estate plan, especially when a revocable living trust is involved. In Florida, these trusts are often used to manage assets, avoid probate, and plan for the future. But when a marriage ends, the trust...
In Florida, your home can also be a powerful estate planning tool. Thanks to Florida’s homestead exemption, many residents can shield their primary residence from creditors and limit how much of their estate is taxed. However, to get these benefits,...
