by Randy Coleman | Mar 13, 2013 | Asset Protection, Beneficiary Designations, Estate Planning, Income Taxes, Individual Retirement Accounts, IRAs, Irrevocable Trusts, Retirement Accounts, Retirement Planning, Revocable Living Trusts |
Many people have large IRAs and retirement plan accounts and need special estate planning for these assets. A 2009 study by the Investment Company Institute found that retirement plans account for 34% of all household financial assets, up from 14% in 1978; IRAs alone...
by Randy Coleman | Nov 4, 2012 | Asset Protection, Business Owners, Business Succession Planning, Estate Planning, estate tax, Estate Taxes, Exemption Planning, Family Business, Gift Tax, Intentionally Defective Grantor Trusts, Internal Revenue Service (IRS), Irrevocable Trusts, Premarital Agreements, Revocable Living Trusts, Small Business Law, Trustee, Wills and Probate |
We have discussed the 2012 tax-saving opportunity quite a bit here lately. You can read previous posts here and here. This article continues our conversation by providing our clients and readers a number of factors to consider when deciding whether to gift or not to...
by Randy Coleman | Aug 30, 2012 | Discretionary Trusts, Estate Planning, estate tax, Estate Taxes, Exemption Planning, Gift Tax, Irrevocable Trusts, Retirement Planning, Revocable Living Trusts, Wills and Probate |
Legislation in effect until December 31, 2012 makes the present a particularly important time for tax planning. In late 2010, Congress passed and the President signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010...
by Randy Coleman | Aug 26, 2012 | Asset Protection, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Revocable Living Trusts |
As our population grows older, more and more families will face the need for long term care for their loved ones. The cost of a skilled nursing home care in Florida averages about $7,000 to $8,000 per month. That number increases each year.Medicare...
by Randy Coleman | Jul 27, 2012 | Asset Protection, Beneficiary Designations, Estate Litigation, Estate Planning, Exemption Planning, Life Insurance Protection, Personal Representative, Probate, Probate Litigation, Revocable Living Trusts, Trust Administration, Will Contests, Wills and Probate |
Most people correctly believe that life insurance proceeds are exempt from creditors’ claims in Florida. That is an accurate paraphrasing of Florida Statutes, Section 222.13.Most people incorrectly believe that it makes no difference who is the beneficiary...
by Randy Coleman | Apr 23, 2012 | Advance Directives in Florida, Designation of Health Care Surrogate, Durable Power of Attorney, Elder Law, Estate Planning, Health Care Power of Attorney, Living Will, Revocable Living Trusts, Wills and Probate |
A Lexington, Kentucky, based law firm, Hargrove Madden, has been named the recipient of the 2012 American Bar Association eLawyering Award, given annually to recognize innovative delivery of personal legal services. Special attention is given by the ABA to firms that...
