Estate Planning Lawyers Answers Estate Planning FAQs
Jacksonville Estate Planning LawyersEstate 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.
Protect Your Heirs – Reconsider Outright Gifts and Inheritances
How to Protect Your Heirs and Your Legacy from Bad Decisions and Outside Influences Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance to protect your heirs isn't as hard as you might think. - Suze Orman...
Top Reasons Why You Need a Comprehensive Durable Power of Attorney
The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our senior population. This post highlights the...
Estate Tax Law Changes Eliminate Need for Bypass Trust
A once-popular, and almost universally used, estate planning tool for those with estates subject to the estate tax, may now cost families more in taxes, income and estate, than it saves. Changes in the estate tax law have made the "by-pass trust" a less appealing...
The Pitfalls of Using Beneficiary Designations as Your Estate Plan
What Are Beneficiary Designations or Transfer on Death Designations? Many people use beneficiary designations as an alternative to doing proper estate planning. Why not? It's quick and easy! It avoids probate! It allows you to rest easy that you have provided for...
May is National Elder Law Month
What is National Elder Law Month? May is National Elder Law Month. This designation was established by the National Academy of Elder Law Attorneys (NAELA) as a way to acknowledge the profession that supports the senior community with all of their planning needs....
No Will Could Mean Chaos for Prince’s Estate
The famed recording artist Prince died leaving an unknown fortune and possibly no will or estate plan to dictate what to do with that fortune. Prince's sister, Tyka Nelson, told the probate court in the Minnesota county where Prince lived that her brother did not have...
Four Important Legal Documents If You Have Alzheimer’s
If you or a loved one has been diagnosed with dementia or Alzheimer's disease, it is important to start your estate planning immediately. There are four important legal documents to help you once you become incapacitated, but if you don't already have them in place,...
Ten Different Types of Trusts – Which One Is Right for You?
Considering the myriad types of trusts available, creating an estate plan that works for your individual circumstances can seem daunting. However, that’s what we, as estate planning attorneys, do every day. We know the applicable laws, we learn about your own...
