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...
On behalf of Reed Law | Apr 17, 2020 | Estate Planning
Estate planning is about much more than simply making a will. Of course, the disposition of property is a key part of estate planning, but there are many more parts of an estate plan. Simply stated, not having an estate plan can cause stress and headaches for a...
On behalf of Reed Law | Mar 30, 2020 | Estate Planning
An estate plan can be useful for anyone who is over the age of 18. Therefore, college students in Florida and throughout the country are encouraged to start building a plan that reflects their current needs. For instance, it may be a good idea for an individual to...
On behalf of Reed Law | Mar 12, 2020 | Estate Planning
Families in Florida often believe that if they have a will in place that it is the end of the story as far as the distribution of the estate. However, they are often surprised to find out that probate is still needed. This can be avoided if there is a trust in place...
On behalf of Reed Law | Mar 6, 2020 | Estate Planning
In most cases involving estate taxation in Florida, the taxes are levied before the assets are passed to the beneficiaries. One way married spouses could avoid some of that tax burden is to establish an AB trust. An AB trust is an estate planning structure whereby a...
On behalf of Reed Law | Mar 6, 2020 | Estate Planning
If you are concerned about the distribution of your assets in the future, you may have already directed some of your attention to developing an estate plan. Perhaps you have written a will to direct how your property should be distributed after you pass away. However,...
On behalf of Reed Law | Feb 26, 2020 | Estate Planning
Families in Florida know that dividing up a loved one’s tangible possessions after they die is one of the thorniest issues in settling the estate. One family used a very creative method to divide property that other families should consider as they seek to...
