With an incentive trust, you essentially put a carrot out there to try to entice your heirs to live the way you prefer. You want to give them incentives to accomplish worthwhile goals. You reward them with their inheritance the same way you reward children for doing...
Handling A Wide Variety Of Matters
Month: May 2019
Death tax: what it is and how it’s calculated
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 24, 2019 | Probate & Trust Administration
The old saying is that there are only two things you can't avoid: death and taxes. It seems clear that there are other unavoidable parts of life. It seems impossible to avoid the Florida sun and heat or the sound of the ocean, for instance.Regardless, there is nothing...
What happens during probate?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 16, 2019 | Firm News
In a perfect world, you’d know exactly what you’re getting into when the probate process begins. However, there is no such thing as a “typical” probate process. There are times when everything goes as planned, as well as times when one complication after the next...
Part I: Estate planning myths that will not go away
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 14, 2019 | Wills & Trusts
There are some myths that simply will not die. Even today there are people who believe that the Earth is flat, George Washington chopped down a cherry tree and that Columbus discovered America. Estate planning is, unfortunately, not immune from its own myths and...
5 mistakes to avoid when you are creating your estate plan
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 9, 2019 | Firm News
Creating your estate plan is a necessary task, but it does take some thought. You have to make the choices that put your wishes first and that will take care of your family members when you aren't able to.While it doesn't have to be difficult to get everything...
The eternal question: Who gets your stuff when you die?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 7, 2019 | Probate & Trust Administration
The eternal question of who gets your stuff can be answered pretty quickly and easily. For instance, if you have a will, it is essentially a set of instructions for how your property is to be distributed.But what happens if you die without a will? In the event you die...
Recently relocated to Brevard County? Time for a talk
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | May 2, 2019 | Wills & Trusts
Let’s say you have recently relocated to Brevard County. You’ve left behind the snow and the sleet of your former home up north and you’re looking forward to enjoying your days of sunshine and sand in your new home here in Florida.While you’re busy unpacking your...
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