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.
JacksonvilleLaw.TV Starts October 3, 2011
Get Answers to Your Legal Questions at JacksonvilleLaw.TV The Coleman Law Firm Offers Probate, Estate Planning & Asset Protection Help on Video October 3, 2011, Jacksonville, FL – “What happens if I die without a will?” Click it. “How is an estate probated...
Do You Own Federally Restricted Firearms? – Do You Have a Gun Trust?
There are special estate planning provisons that must be made for the transfer of Federally restricted firearms that you own. You can eliminate substantial federal compliance requirements through the use of a properly drafted "gun trust." To get more...
The New Florida Power of Attorney Act
On October 1, 2011, Florida’s new Power of Attorney Act will become effective for all powers of attorney used in the state of Florida. While the goal of the Florida legislature in adopting the Act was to address perceived defects in the current law, the new Act...
Why Don’t Women Understand the Need and Importance of Estate Planning?
Why don't women understand the need and importance of estate planning? It happens at least once a week. A woman comes to my office because some matter of urgency has triggered the "fear factor" and "forced" them to consult with an estate planning or asset...
Why You Should Periodically Review Beneficiary Designations!
An article in today's Wall Street Journal and a recent Florida Supreme Court decision are emphatic reminders of why you should periodically review your beneficiary designations for retirement plans and life insurance policies. The Wall Street Journal article is:...
Revocable Living Trusts Are Not Just for the Rich
One of my colleagues who is a member of WealthCounsel recently posted an article explaining why revocable living trusts are not just for the rich. I certainly concur with her sentiments and will emphasize a couple of the points she made.The primary advantage of...
Charging Orders and How the Charging Order Remedy Results in Asset Protection
After my last post involving the legislative change in Florida that confirms the charging order as the exclusive remedy for a judgment creditor against an ownership interest in an limited liability company ("LLC"), I received a number of calls and inquiries wanting to...
Florida Legislature Confirms Charging Order Exclusive Remedy for Multi-Member Limited Liabilty Companies
In the 2010 case of Olmstead vs. Federal Trade Commission, the Florida Supreme Court ruled that the "charging order" was not the sole and exclusive remedy for a judgment creditor of a single-member limited liability company ("LLC") (we discussed the Olmstead...