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Articles Posted in Estate Planning

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Florida Intestate Law Changes: You may now need or want a Florida Will.

If you are a married person in the State of Florida and have not created a Florida Will or Florida Revocable Trust you should fully understand what will happen to your assets when you die. Previously in Florida, if a husband or wife passed away with only children belonging to…

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Parents Trust Creates Ineligibility for Child on Florida Medicaid

Suppose your parents set up a tax planning Florida Revocable Trust with the assets being held for the kids in trust. Under the terms of the trust, the trustee is to distribute net income and principle as the trustee determines is necessary for education and support in reasonable comfort. If…

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Creating a Florida Dynasty Trust

Florida Dynasty Trusts are generally used to keep assets within your family members or descendants. The person who creates this type of trust usually has significant assets which are far in excess of $1,000,000 which they want to protect from the misuse or dissipation of family members. A Florida Dynasty…

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Recent Changes for Retirement Accounts in Florida

If you have a Retirement Account in the State of Florida, a recently enacted law will provide your heirs stronger asset protection in Florida. An individual Retirement Account is a form of retirement savings that provides tax benefits to the owner of the account. The account is primarily used as…

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