Florida Estate Planning Blog
Straight Talk About Senior Second Marriages and Estate Planning
More Americans are now getting married over the age of 65 than ever before. Even though this may be a second or third marriage for many, caregivers should nevertheless be aware of certain aspects that shouldn’t be ignored amidst all the wedding plans and celebrations.
Dangers of adding someone as a joint owner of a bank account instead of using a Power of Attorney
As you know, a power of attorney (POA) allows another person, the Attorney-in-Fact (AIF), to conduct business on behalf of the principal. The POA authorizes the AIF to sign for and on behalf of the principal.
What Happens If I Take a Bigger RMD?
Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big picture. For some people, it makes sense to go big.
Caregiver Burnout is real
A new study showed that caregiver burnout is becoming a growing problem.
Warning Signs an Elderly Parent Is Being Scammed
In the wake of the coronavirus pandemic, many older adults are more socially isolated than ever—and thus more vulnerable to being financially victimized.
What Can I Do Instead of a Stretch IRA?
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
What Does a Good Hospital Discharge Plan Look Like for My Parent?
Standing up to a health care professional can be daunting, especially if you’re worried about a premature discharge from a hospital.
Write a Letter of Instruction for Loved Ones
Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.
What Changes in Diet Can Be Signs of Dementia?
Despite its prevalence, dementia remains widely misunderstood. Ignorance of the range of symptoms is a crucial stumbling block.
Estate Planning when So Much Is Uncertain
Taxpayers should, of course, carefully consider whether to engage in a lifetime gifting strategy, which has other considerations beyond just estate taxes (such as the tradeoff with the ‘step‑up’ in basis, and non-tax family related considerations).