We're thrilled to announce the opening of a new branch office on Amelia Island in order to better meet the estate planning and related needs of Northeast Florida residents! The office is located at 5211 South Fletcher Avenue.
Most complications that arise in estate administration are the result of unanticipated events. Divorce is one of the least planned for events in any estate plan; it can also cause some of the most devastating complications. The recent case of Carroll v. Israelson illustrates this point.
Revocable Living Trusts are planned with the intention of keeping the family out of court. If this intent fails, courts have alarming powers to interfere with your plan. The recent case of Rene v. Sykes-Kennedy illustrates this point.
This fascinating documentary details the struggle for control of Dr. Albert C. Barnes’ private collection of modern and post-impressionist art, valued at 40-50 billion dollars. Even if you haven’t heard of Dr. Barnes or his phenomenal art collection, this film is a must-see.
In December 2014, Congress passed the Achieving a Better Life Experience (“ABLE”) Act, which provides for a new type of tax-free savings account for persons who are born with a disability or become disabled at a young age (25 or younger). This is an exciting new tool because it will allow special needs individuals to possess – and possibly control, depending on the individual’s capacity – more money than under the prior law.
This newsletter begins a series discussing the impact of marriage on the legal rights of spouses to share in each other’s assets. We begin by talking about the “elective share” and the “pretermitted spouse.”
One of the advantages of a comprehensive estate plan is that it can allow you to keep your affairs private and within your control, even after disability or death. Clients often come to us for living trusts due to their desire to keep their loved ones out of court during these already-stressful times. Fortunately, a Florida court recently confirmed that this goal may be achieved by using one of our favorite planning tools: trust protectors.
It's that time of year again: The holiday season is in full swing. Hopefully you are planning to spend some time with those you hold most dear. As you prepare your home or pack your bags, we encourage you to consider not only what and who you are most thankful for, but whether you have expressed your gratitude in a meaningful and lasting way.
Unfortunately, we deal with death on a fairly regular basis as part of our practice, so it usually does not take us by surprise. However, we recently have had a couple of shocking deaths which illustrate why it is never too soon to plan.