The Emergency Economic Stabilization Act of 2008 temporarily raises the basic limit on federal deposit insurance coverage (FDIC) from $100,000 to $250,000 per depositor. WARNING the basic deposit insurance limit will return to $100,000 after December 31, 2009.
The rise in insurance coverage applies to most trust accounts with no more than five beneficiaries.
Some benefits of establishing a Florida Revocable Trust include of avoiding probate, transfer upon death of property,reduced taxes, and privacy.
A Florida elder law attorney or Jacksonville Estate Planning Lawyer can help you determine whether your trust accounts are adequately insured or tell you whether your situation merits setting up a trust.
To discuss ways to reduce your estate taxes, avoid probate, and make the transfer of assets upon your death easy for your family and friends Contact a Jacksonville Estate Planning Attorney