Monthly Archives: January 2013
Advantages of a Living Trust
A living trust is substantially more complicated than a typical will. Consequently, it is also more expensive to set up and may require a higher degree of oversight during the settlor’s lifetime. But for some individuals and couples, especially those with larger estates, a living trust can offer numerous benefits. These include avoidance of probate, […]
High-Asset Estate Planning
Estate planning for an individual or couple with a large estate is substantially more complicated than the average estate planning process. Part of this is simply because there are more assets to account for and distribute. But a major reason for the added complexity of high asset estate planning is the implications of the Federal […]
How to Avoid Probate in Florida
Probate is the court supervised process of transferring the property of a deceased individual — held by a legal entity called an estate — to the legal heirs of that person. The process is designed to be simple and streamlined. But as a practical matter, probate administration can be both lengthy and costly. This can […]
Maximizing Social Security Retirement Benefits for Married Baby Boomers – Part 4 of 4
Taxation The way Social Security recipients blend their Social Security benefits with other income can make as much difference in net benefit as the election choice because Social Security is a tax-preferred form of income. That said, for those recipients whose only source of retirement income will be Social Security, very likely all of their […]