Normally a Florida Estate Planning Lawyer would advise against signing a deed conveying a home or other property without recording the deed. What happens if a Florida deed or Florida Enhanced Life Estate Deed is signed but unrecorded? Is the deed valid? What risks are associated with unrecorded deeds? Why…
As Baby boomers retire and move to Florida or other states, one of the jobs of an Estate Planning Lawyer is to review the Beneficiaries on IRA and other types of accounts. Denice Glerach a lawyer in Naperville wrote an article discussing this problem and suggesting some solutions for IRA’s…
Randall Armour of the Santa Clarita Valley Signal wrote an article discussing Trust Mills and gives some advice on how to spot a trust mill and several problems associated with them. 1. Trust mills often prepare documents after the client has filled out a simple check-the-box-type questionnaire. Little or no…
Although there are no current verdicts against Florida Companies, many states have taken action against living Trust Scams / Trust Mills / and Elder Law Planning Seminars. Michael Bonasera of Buckingham Doolittle & Burroughs, LLP and author of the The Ohio Trust & Estate Blog wrote an article titled Living…
The Supreme Court upheld the limits on income tax deductions for a trustsor estate. The Court ruled against the Knight family (they created Pepperidge Farm). The Court said trusts ordinarily may not deduct the full cost of investment advice on their income tax returns. These expenses are only deductible when…
Florida residents who have minor children should consider executing a power of attorney which allows another to take care of their minor children medically if they are unable to do so or unavailable at the time. A medical power of attorney for a minor child is just another piece in…
A number of Texarkana residents have filed suit against sellers of living trust documents in a class action accusing the salesmen of exploiting senior citizens. This is similar to what I reported happening in California in December. A Plaintiff says he purchased a living trust after attending a lunch presentation…
Part of Florida Elder Law planning and Florida Estate Planning includes planning for funerals. medicare exempts prepaid funeral plans in Florida and many other states. Sam Hasler of the Indiana Civil & Business Lawyer Blog has an article about this. He has an article dealing with the these by a…
Fox Business has an article on A New and Smart Way to Leave Your IRA to a Minor where they discuss the importance of reviewing beneficiaries on all acounts including insurance, annuities, and retirement plans. They discuss leaving a percentage of the account rather than a dollar amount as this…
Florida residents should start the New Year off right, here are ten important Florida estate planning and Florida probate and tips for the New Year. 1. If you don’t have a Will, get one. Florida estate planning and Florida Probate tip #1: Have a Florida Will. If you don’t have…