Monthly Archives: July 2024
Sunsetting Double Estate Tax Exemptions in Florida: Take Action Before 2026
One of the most celebrated moves by the previous administration was the Tax Cuts and Jobs Act. A key element of this bill was an increased federal estate tax exemption. Thanks to this double exemption, countless high-net-worth families avoided incurring excessive taxes. If you are building a high-net-worth estate plan in Tampa, this exemption… Read More »
A Basic Overview of Florida’s Homestead Exemption
Estate planners should take full advantage of the unique opportunities their home states have to offer. The good news is that Florida offers many estate planning opportunities not seen in other states. This should hardly come as a surprise, especially with Florida’s high population of senior citizens. One of the most promising opportunities in… Read More »
Are Pet Trusts Legal in Florida?
Florida has a pet ownership rate of well over 50%, and this equates to over 12 million pet owners in the State. While many Florida residents focus on their human beneficiaries during the estate planning process, others worry about what will happen to their beloved dogs and cats. If this sounds familiar, you might… Read More »