Estate Planning

Florida Electronic Wills Soon To Be Legal

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Florida Electronic Will

According to the Wills, Trusts & Estates Prof Blog, Florida has enacted a new law authorizing the use of Electronic Wills effective January 1, 2020.  Florida is the fourth state to authorize the creation and storage of digital Wills.  However, in my opinion, there is still a lot of uncertainty surrounding the use of such […]

Estate

Why Florida Probate Can Be Difficult

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Why Florida Probate Can Be Difficult

When deciding whether or not to do a Will package or a Revocable Trust package, many of my Boca Raton, Florida clients will ask why choose one over the other.  Among the many benefits that a Revocable Trust has over a Will is the ability to minimize or even avoid probate.  This leads to the obvious question of: Why […]

Basis

NJ Estate Tax Repeal: How Does This Affect You?

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NJ Tax Repeal How Does This Affect you

It’s official.  According to NJ.com, Governor Christopher Christie has signed a bill to repeal the New Jersey Estate Tax.  The new law is part of a larger package deal that increases the gas tax, reduces the sales tax slightly, gives the working poor a larger tax credit, gives a tax cut on retirement income and gives a tax […]

Compromise Tax

Reasons to Value a Trust

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Reasons to Value a Trust

Recently I gave a lecture on the valuation of trusts.  While I am not an accountant nor am I a valuation expert, I live and breathe trusts… and frequently the question comes up, what is value of a particular beneficiary’s interest in a trust. Keep in mind, just because a trust is worth $1M, it […]