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Irrevocable Trust Florida

PLANNING AHEAD FOR LIKELY FEDERAL ESTATE TAX INCREASES Since the Tax Cuts and Jobs Act (TCJA) took effect in 2018, federal estate taxes have been deemphasized in estate planning. The TCJA more than doubled the federal estate tax exemption—from $5.49 million to $11.18 million. As a result, only about one in 1,000 deceased Americans have […] Read more

Trusts are a great tool for accomplishing a vast range of financial goals.  They can help reduce tax liability, avoid the expense and inconvenience of probate, establish or maintain eligibility for government benefits, or any number of other specialized objectives. Indeed, a robust familiarity with trusts is an integral component of any experienced estate planner’s […] Read more

There are a lot of questions and general confusion about the differences between revocable living trusts and irrevocable trusts, which are the two primary types of trusts, and in this article I will explain the key differences by discussing the definitions, uses, benefits and drawbacks of each.   Defining a Revocable Living Trust A “living trust” is […] Read more