Every year, tax brackets and exemption amounts are adjusted to reflect cost-of-living increases. For individuals creating or updating their estate plan, recognizing and understanding the impact of such changes is vital for beneficiaries.
If you are discussing your estate plan with an attorney, you may already be familiar with the benefits of using a living trust to protect assets. However, do you know the difference between a revocable and irrevocable trust?
If you are estranged from your spouse or adult child, you may be thinking about disinheriting them from your will. While it is legally acceptable to disinherit your family members, doing so can be difficult and you should retain the services of a skilled Florida inheritance lawyer beforehand. In order to properly disinherit your spouse or adult child from your assets after you die, you will need a comprehensive, clear, and well-thought out estate plan.