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Linda Solash-Reed
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Many people think of domestic asset protection trusts as little more than tools to legally get away with fraudulently protecting assets from creditors. However, the trusts have more uses than that. One of the most frustrating things for creditors is when a debtor has more than enough assets to pay... Continue reading
Posted 5 days ago at Orlando Estate & Elder Law
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The doubling of the estate tax exemption limits recently signed into law, has important implications for many estate plans. It is a good idea to consider what you might want to do as a result. Many people had hoped that President Trump's tax reform bill would lead to the end... Continue reading
Posted 6 days ago at Orlando Estate & Elder Law
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President Trump signed tax cuts into law recently. Researchers are finding minor changes that people were unaware of before the bill was passed. One of the consequences of recent tax reform, was that it did not give people very much time to anticipate all of the changes to the tax... Continue reading
Posted Feb 13, 2018 at Orlando Estate & Elder Law
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Getting long-term care insurance for future nursing home expenses can be exceedingly difficult and expensive. A recent announcement by GE helps to explain why. Nursing home costs continue to increase, as more and more people need the facilities for longer and longer periods of time. This is the result of... Continue reading
Posted Feb 12, 2018 at Orlando Estate & Elder Law
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If you get divorced, it is important that you revisit your estate plan to make sure your ex-spouse is excluded, if desired, and that what he or she would have received is distributed to someone else. The U.S. has a high divorce rate. Nearly half of all marriages end in... Continue reading
Posted Feb 9, 2018 at Orlando Estate & Elder Law
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Preserving family wealth between generations requires proper estate planning. However, that may not be enough. It is also important to make sure that younger generations know what to do with the wealth. Throughout its history, the U.S. has had many extremely wealthy citizens. Some of those citizens left vast sums... Continue reading
Posted Feb 8, 2018 at Orlando Estate & Elder Law
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A funeral home in Colorado is under FBI investigation for allegedly selling body parts. However, it is not clear that the funeral home was doing anything illegal. Problems with funeral homes in the U.S. continue to pop up in the media with an alarming frequency. A lack of state government... Continue reading
Posted Feb 7, 2018 at Orlando Estate & Elder Law
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Estate law in the U.S. allows people to leave their wealth to whomever they want with very few restrictions. In some other countries, people have very few choices on the inheritance of wealth. When people go to an estate planning attorney in the U.S., they will learn that there are... Continue reading
Posted Feb 6, 2018 at Orlando Estate & Elder Law
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Successfully transferring wealth between generations of a family can be difficult, especially in Asia. When wealth is passed down to younger generations of a family, it tends to dissipate over time, if it is not carefully managed. The wealth is naturally divided as a wealthy parent might divide everything equally... Continue reading
Posted Feb 5, 2018 at Orlando Estate & Elder Law
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If you have recently gotten a divorce, you most likely do not want your ex-spouse to inherit your property. Without good estate planning, the ex-spouse might still get control of the property, if you have minor children together. Immediately after getting a divorce, most people are sick of dealing with... Continue reading
Posted Feb 2, 2018 at Orlando Estate & Elder Law
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It is important to make plans for what will happen to your pets after you pass away. For many Americans pets are an essential and important part of their lives and families. Some pets today are treated as well as if not better than the humans in the family. People... Continue reading
Posted Feb 1, 2018 at Orlando Estate & Elder Law
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Ben Franklin planned his estate carefully. He left behind a will that might be a good lesson. Ben Franklin was famous for many things he did during his lifetime. He is credited with writing almanacs, discovering electricity, one of the Founding Fathers of the United States of America and more.... Continue reading
Posted Jan 31, 2018 at Orlando Estate & Elder Law
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When you start planning your estate, it is a good idea to ask yourself a few questions that will help you clarify your thinking. If you have never engaged in the estate planning process, then getting started can seem somewhat overwhelming. There are many decisions you need to make concerning... Continue reading
Posted Jan 30, 2018 at Orlando Estate & Elder Law
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In some areas of the U.S., a lack of regulatory enforcement in the funeral industry has led to bad practices. The industry is even worse in Russia. In recent years, many stories about problems in the funeral industry have been in the news. There have been reports that despite legal... Continue reading
Posted Jan 29, 2018 at Orlando Estate & Elder Law
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Very few wills are actually contested in probate court. However, the chances of a legal battle over a will go up, when the estate is valuable. It also goes up, if family members do not get along for other reasons. One of the main reasons that people hire estate planning... Continue reading
Posted Jan 25, 2018 at Orlando Estate & Elder Law
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The new tax law has left an important estate tax issue up to the IRS to determine. That is what to do if the estate tax exemption reverts to its previous level and the deceased has gifted more than that amount. The recently passed tax reform bill required Congress to... Continue reading
Posted Jan 24, 2018 at Orlando Estate & Elder Law
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Charitable remainder trusts can be a great vehicle for elderly people to downsize without paying a steep tax penalty. They can also be very dangerous, if not handled correctly. One problem many older Americans have, is that they would like to retire, move or just downsize. However, the tax consequences... Continue reading
Posted Jan 23, 2018 at Orlando Estate & Elder Law
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In the ongoing dispute between the IRS and Michael Jackson's estate, procedural errors may have cost the IRS the ability to charge the estate with tax penalties. The long-running dispute between Michael Jackson's estate and the IRS has been closely watched by estate and tax attorneys. Why? The ultimate outcome... Continue reading
Posted Jan 22, 2018 at Orlando Estate & Elder Law
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Variation in prices can be attributed to number of choices and the choices people make. Funeral services in the U.S. cost, on average,thousands of dollars with services, burial fees, coffins and flowers, as well as prices that vary by states, according to the Cronkite News in "Arizonians pay less for... Continue reading
Posted Jan 21, 2018 at Orlando Estate & Elder Law
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Federal estate tax gets the attention, but some states need focus as far as estate planning is concerned. There are some states that still levy an estate tax and can be expensive places to pass away, according to Forbes in "Where Not To Die in 2018." Some states tie their... Continue reading
Posted Jan 19, 2018 at Orlando Estate & Elder Law
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Winners and losers created in President Trump’s tax reform bill. The tax reform law recently approved without much debate and with enough last minute changes that it will take some time for people to understand all of the implications, includes some provisions that could have a big impact on many... Continue reading
Posted Jan 18, 2018 at Orlando Estate & Elder Law
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Hefner apparently had a lot of fun, but his estate plan calls for controlled behavior. It can be considered a strange world indeed when Hugh Hefner's estate plan limits how much partying and what type of partying his heirs can do, according to Page Six in "Hugh Hefner demands that... Continue reading
Posted Jan 17, 2018 at Orlando Estate & Elder Law
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Officials aren’t sure what to do with the body legally and which court has jurisdiction. A messy dispute over the remains of Charles Manson is currently keeping his body on ice, according to Fox News in "Fight for Charles Manson's body is a 'circus,' county attorney says." At least five... Continue reading
Posted Jan 16, 2018 at Orlando Estate & Elder Law
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Officials aren’t sure what to do with the body legally and which court has jurisdiction. A messy dispute over the remains of Charles Manson is currently keeping his body on ice, according to Fox News in "Fight for Charles Manson's body is a 'circus,' county attorney says." At least five... Continue reading
Posted Jan 16, 2018 at Orlando Estate & Elder Law
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Estate is worth $5 million and there are many claims against it. It is unusual that Las Vegas mass killer Stephen Paddock left behind an estate valued at approximately $5 million. However, it is not unusual to have many claims against the estate under the circumstances, according to Fox News... Continue reading
Posted Jan 15, 2018 at Orlando Estate & Elder Law