Estate Planning Lawyers Answers Estate Planning FAQs
Jacksonville Estate Planning Lawyers
Estate Planning Lawyers in Jacksonville, Florida Answer Estate Planning FAQs
Jacksonville estate planning lawyers answer many questions about estate planning in Florida. Through the answers provided in this section you can learn about basic estate planning, the differences between will based planning and trust based planning. You will learn about disability planning and the importance of advance directives, including durable powers of attorney, designations of health care surrogates, HIPAA releases, living wills and other important documents for you to plan for your potential incapacity.
Our estate planning lawyers will provide substantial information about various types of trusts including revocable living trusts, irrevocable trusts, grantor retained annuity trusts, irrevocable life insurance trusts (ILITs), intentionally defective grantor trusts, special needs trusts, and different trusts that are available for Medicaid and VA benefits planning.
There also is information provided by our estate planning lawyers about estate taxes and estate tax planning, including questions about the Federal gift tax, and some comparisons between the gift tax and the estate tax. We examine through the information provided some of the issues involved in estate tax planning that allows the legal avoidance of estate taxes, gift taxes, and the generation skipping transfer tax. Generational planning, through the use of dynasty trusts, is explored is some of the questions asked.
There also is information about wills and wills based planning that is provided in this section by our estate planning lawyers, as well as options other than trusts for obtaining probate avoidance. The risks and pitfalls of those other options are also examined.
You’ll learn the differences between ownership as tenants by the entirety compared to tenants in common or joint tenants with right of survivorship; and the differences between payable on death designations, beneficiary designations, and transfer on death designations. Through the information that our estate planning lawyers will provide you in this section, you’ll learn about the importance of seeking professional counsel in this legal area of myriad rules that are difficult for even most attorneys to follow and understand.
Take your time as you browse through the various videos and topics to learn about estate planning in all of its major components. If at any time you have a question that you cannot find an answer within these materials, please call our estate planning attorneys at (904) 448-1969, or toll free at (866) 510-9099, or email us with your questions at Info@TheColemanLawFirm.com.
Thanks for visiting our site and we hope you find information that meets your needs.
James Gandolfini’s Six Estate Planning Mistakes
There has been a lot of discussion about James Gandolfini's will and his estate planning - or perhaps lack of estate planning might be more accurate. A Forbes article a couple of days ago outlines the biggest shortcomings of Gandolfini's estate planning. While we...
Life Expectancy and Health Care Planning
The aging, healthcare and special needs conversation is vitally important to you and your family. Except for government employees and Social Security, retirement plans that pay benefits until death are pretty much a thing of the past. Plus, people today are living...
The Accidental Long Term Caregiver
You've heard people say it and maybe you have even said it yourself. "Don’t worry Mom or Dad, I’ll take care of you in your old age."This always seems to be a simple loving gesture on your part as you see them beginning to age and settle into retirement. The thought...
Long Term Care Planning Becomes More Difficult
An article in yesterday's Wall Street Journal reminds us of how difficult a task it has become to plan for our long term care. With the baby boomer generation turning 65 at the rate of 10,000 per day, the issue of long term care planning is becoming more urgent,...
Income Tax Planning – Now More Concern Than The Estate Tax
The American Taxpayer Relief Act of 2012 (which became law on January 2, 2013) made permanent the temporary estate/gift/generation-skipping transfer tax exemptions established in December 2010, increased the rate on non-exempt estates/gifts/generation-skipping...
Why Estate Planning Is Still Important
Did you know that April is National Financial Literacy Month? This is the perfect time to sit down with your loved ones to discuss your financial and estate planning objectives. To help you move the discussion forward, we would like to suggest three action...
Famous Probate Case – Atypically Typical
Today's New York Times contains an article about the death of "Barbara Piasecka Johnson, Maid Who Married Multimillionaire, Dies at 76."Barbara Piasecka Johnson, a Polish immigrant who came to America to work as a maid, first worked for J. Seward Johnson, Sr., the...
Using Trusts to Protect Inherited IRAs
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...