Estate Planning Archives - Page 4 of 8

Estate Planning

Why The Need to Plan?

Estate planning attorneys often times run into situations where clients undermine the importance of having an estate plan. After the Tax Cuts and Jobs Acts (“TCJA”) was passed, the estate tax exemption nearly doubled to $11.18 million for single individuals and $22.36 million for those that are married. Due to the immense increase in the exemption, the market for secession planning has encountered a short decline. However, planning is necessary so that your best interests are adhered to in the event you’re unable to adhere to them yourself.

Kathrine Karimi September 29, 2020

Estate Planning

Why Everyone Should Have a Trust?

A trust is a legal agreement between the person who created the trust “settlor” and the trustee (the settlor as well), which is designed to hold assets for the beneficiary/ies of the trust. A trust can be a useful legal and financial mechanism to hold and distribute one’s assets after the death of the settlor, regardless of the amount of assets the settlor has. Below are a few of the reasons why trusts are a good idea for everyone.

Kathrine Karimi August 19, 2020

Estate Planning

What is Intestacy in Florida?

Having a written Last Will and Testament is an essential part of an estate plan. It reflects all of your wishes upon your death, including who the beneficiaries of your estate are and how they are to inherit from you upon your death. Without one, you can potentially face the risk of your assets being distributed contrary to your intentions under the default laws of the state of Florida.

Kathrine Karimi August 12, 2020

Estate Planning

Basic Medicaid Eligibility in Florida

In order to be eligible for Medicaid in Florida, the applicant must meet the basic eligibility requirements, the medical requirements, the asset requirements as well as income requirements.

Eric Gros-Dubois August 5, 2020

Estate Planning

What Are the 5 Things You Need in Your Estate Plan in Florida?

A Last Will and Testament is a legal document that allows you to decide how to distribute your assets after your passing. A Will contains the definition of assets, the names of beneficiaries, and sometimes includes guardianship designations and burial instructions. A Will also appoints an executor, or personal representative, of the will. A personal representative is someone who will pay remaining taxes after your passing and make sure the Will is being executed correctly and in accordance with your wishes.

Kathrine Karimi June 25, 2020

Estate Planning

What is a Holographic Will?

A holographic will is a will that has been written by hand by the person that is establishing the will, legally known as a testator. A holographic will is different from a standard will because it is typically neither notarized nor signed by two witnesses and handwritten.

Kathrine Karimi May 29, 2020

Estate Planning

HBO®’s “Succession” The Importance of Succession Planning as Part of Your Estate Plan

While the show is fictional, the reality is that succession planning is an important aspect of estate planning that should be fully integrated into your plan, especially for business owners. A solid estate plan not only provides for the disposition of your assets upon your passing but also plans for someone to take your place (a successor) when you are no longer able to perform your responsibilities due to incapacity or death.

Kathrine Karimi April 24, 2020

Estate Planning

What is a Miller Trust?

Miller Trust is a special kind of trust that adjusts the income of a person downward, usually in an effort to maintain the individual’s eligibility for some forms of government benefit programs. This type of trust is often used to establish eligibility for the Medicaid program.

Kathrine Karimi April 24, 2020

COVID-19

Can I Hold a Funeral During COVID-19?

If you or a loved one have been affected by COVID-19 and would like to learn more information about holding a funeral during this pandemic, do not hesitate to contact one of our experienced attorneys at EPGD Business Law. EPGD Business Law is located in beautiful Coral Gables, West Palm Beach and historic Washington D.C. Call us at (786) 837-6787, or contact us through the website to schedule a consultation.

Kathrine Karimi April 22, 2020

Estate Planning

How Can I Cancel a Power of Attorney?

Powers of attorney vary in the extent of powers granted. A special power of attorney may specify certain powers that would be granted to the agent.

Eric Gros-Dubois April 14, 2020

Estate Planning

Why The Need to Plan?

Why Everyone Should Have a Trust?

What is Intestacy in Florida?

Basic Medicaid Eligibility in Florida

What Are the 5 Things You Need in Your Estate Plan in Florida?

What is a Holographic Will?

HBO®’s “Succession” The Importance of Succession Planning as Part of Your Estate Plan

How Can I Cancel a Power of Attorney?

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