Recent Trends and Issues in Estate Planning

Tag Archives: trusts

Recent Trends and Issues in Estate Planning

If you’ve already developed an estate plan, that’s great! Hopefully that means you’ve given your assets and your beneficiaries some protections that are needed if you are to distribute your estate in the manner you wish. However, it’s still important to review and revise your estate plan every now and then. Not only might your […]

Pros and Cons of Putting Retirement Assets in a Trust

As you go through the process of naming beneficiaries for your retirement accounts, consider naming a trust rather than an individual. This, however, can be rather complex. The complication centers around whether the retirement assets can be stretched out over the beneficiary’s lifetime or are required to be distributed much sooner. Here are some of […]

Transferring Stocks Into Your Trusts

If you desire, you do have the option of transferring stocks and other securities into your trust. It is important, however, that you follow all state and federal laws, along with all requirements put forth by the issuer of the stock. It is highly recommended you work with an attorney during this process. To move […]

Potential Estate Planning Effects of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act, signed into law by President Donald Trump at the tail end of 2017, has wide-ranging implications when it comes to taxes, divorce and estate planning. High-wealth individuals and families benefit the most under the estate planning-related provisions of the law. Therefore, if you have a large, valuable estate, it’s […]

Putting Stocks or Bonds into a Trust

Transferring stocks and bonds into a trust is possible, but it takes some time and know-how, which means you should seek the assistance of an experienced estate planning attorney to do it correctly. You will need to be mindful of both state and federal laws, along with any specific requirements established by the issuer of […]

20-Year-Old Florida Man Wins $450 Million Jackpot in Lottery

Shane Missler, a 20-year-old man from Port Richey (near Tampa) was recently announced as the $450 million Mega Millions jackpot winner. The jackpot reached previously unseen heights thanks to rules that were changed last year to make winning more difficult. There were 23 total drawings before Missler’s ticket was selected as the lucky winner January […]

How You Can Modify an Irrevocable Trust

You can likely change an irrevocable trust that no longer makes sense for your situation, whether economically or practically. Common reasons people choose to modify an irrevocable trust include changing beneficiaries, changing trust protectors, changing governing laws, moving the trust to a new state, changing the trustee and minimizing income or estate taxes. There are […]

Why Do People Put Off Estate Planning?

Despite the importance of estate planning for everything from passing down assets to arranging end-of-life care, there’s a significant number of Americans who put off their estate planning as long as possible. Why do so many people avoid estate planning, even if they know how important it is? The following are a few of the […]

What Are the Fiduciary Duties of a Florida Trustee?

Trusts are some of the most powerful tools in an estate plan. There are many types of trusts, but typically they work by allowing someone to transfer assets into the trust and then putting those assets to work to care for specific people or further a defined goal. In some ways, a trust functions like […]

When Is The Right Time to Create or Update Your Estate Plan?

If you do not have a comprehensive estate plan in place, you should consider creating one immediately. The truth is that we never know how long we have left. Even if you create an estate plan decades before you actually need it, you immediately gain the comfort of knowing that your family will be taken […]