As a Florida resident, an essential aspect of your estate planning involves the creation of a power of attorney. Sometimes called a letter of attorney, the document provides written authorization for someone to act on your behalf when you are incapacitated. While it's...
Month: June 2021
What taxes do you owe on your parent’s Florida estate?
When you receive an inheritance from a resident of Florida, you do not have to pay state-level estate taxes or inheritance taxes. The state of Florida does not have a separate estate tax. However, the federal government has an estate tax that applies to all states if...
What does estate planning look like for singles?
When you hear of the term "estate planning," you probably think of an older couple with a significant number of assets. With lots of heirs and plenty of people to designate as beneficiaries, an estate plan may seem pretty critical to a large family. However, what...
