With recent budget constraints in Washington, all eyes are on modified requirements for estate planning. National lawmakers have recently made changes to the tax code that could affect your ability to pass on your Florida assets to your children or other beneficiaries. In the modern era of overly aggressive taxation, those seeking estate planning services must carefully navigate government requirements.
Impairment impedes estate planning process
Florida residents are continuing to live longer and accumulate more wealth. As our nation ages, though, an increasing number of even affluent investors say they are more concerned about estate planning than any other part of their portfolio. In fact, about one in three affluent Americans are concerned about their estate plan.
Planning for taxes after death
If you are a Florida resident considering drafting or revising your estate planning documents, you probably want to make sure your heirs are able to avoid unnecessary state and federal taxes. Even though the process may seem daunting, there are many options for avoiding the so-called "double taxation" that devastates the value of many Floridians' estates.
Gifting a job in a will
If you are the owner of a company or business venture, you might be able to gift a job to someone in your will. Florida probate attorneys say that although the process can be rigorous, you can bequeath a lifelong employment position to one of your family members, friends or employees.
