On behalf of Reed Law | Sep 15, 2020 | Estate Planning
Amending a revocable trust in the state of Florida is a fairly straightforward process. However, it must be executed properly to be valid. Obtain a copy of your current trust document First, review the most recent copy of your trust document. In Florida, the amendment...
On behalf of Reed Law | Sep 4, 2020 | Estate Planning
It is estimated that at least half of adults living in Florida and elsewhere in America don’t have a will. A will is a legal document that allows you to dictate where assets go or who will care for a minor child after you pass. Generally speaking, you should...
On behalf of Reed Law | Aug 21, 2020 | Estate Planning
A physician could spend a great deal of his or her life building up a practice. Throughout the years of providing services in Florida, a physician might amass considerable wealth and assets. Therefore, proper estate planning is advisable. Thorough planning could...
On behalf of Reed Law | Aug 11, 2020 | Estate Planning
Passing away in the United States has become expensive. Not only are funeral-related costs rising, but so are the taxes. For those with a larger estate, the surviving family members simply receive less wealth. Those with a smaller estate, though, end up passing on the...
On behalf of Reed Law | Aug 7, 2020 | Estate Planning
A trust is used as a component of an estate plan to minimize estate taxes. It is a fiduciary arrangement that entrusts a third party, family member or trustee to hold the individual’s assets. A special needs trust operates in the same manner. The difference is...
On behalf of Reed Law | Jul 15, 2020 | Estate Planning
You work hard to grow your assets and leave a financial legacy for your family and other heirs. When you have a sizeable nest egg that you want to ensure will be around after you are gone to provide financial support for beneficiaries, then you should look into the...
On behalf of Reed Law | Jun 25, 2020 | Estate Planning
Beneficiary designations may be an easily-overlooked part of estate planning for some people in Florida. People fill out these documents when they purchase a life insurance policy or set up a 401(k) or similar retirement plan and may forget about them even when...
On behalf of Reed Law | Jun 11, 2020 | Estate Planning
A special needs trust can be an important component of an estate plan for people in Florida who want to help support a loved one with special needs. People who are getting Medicaid or Supplementary Security Income benefits can only own a small amount in assets or they...
On behalf of Reed Law | Jun 2, 2020 | Estate Planning
For taxpayers in Florida and around the country, the passage of the Tax Cuts and Jobs Act ended their ability to claim certain deductions. However, the Internal Revenue Service recently published proposed regulations that clarify that estates and trusts are allowed to...
On behalf of Reed Law | May 1, 2020 | Estate Planning
Many people in Florida may not have an estate plan. Without one, the state will decide what happens to a decedent’s assets. An estate plan can also make the time after a person’s death less difficult for family members. An estate plan is not something that...
