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February 2020 Archives

Learn how to legally stash assets from Uncle Sam

If you have avoided retirement planning because you don't want your assets to be taxed, you should know that there is a way to protect your assets and resources legally from the clutches of the government. These tips could also help you assist your elderly parents or grandparents from having their estates heavily taxed when they pass on.

Report: Insurers deliberately underpaid life insurance, annuities

The loss of a loved one is an emotionally difficult time. It can be made much more complex for those who have been named estate administrator. For them, the job of locating and distributing assets and making their way through complicated legal processes can be overwhelming.

Reasons people flee to Florida

There are many reasons people move to Florida, including abundant sunshine, beaches and our lack of a state income tax. There are often news articles about high-net-worth people moving from states with relatively high state income taxes (New York, California, New Jersey, Minnesota) to places with low or no state income taxes, such as Texas, Nevada, Wyoming, Tennessee and Florida.

How are assets and expenses handled during probate?

The executor of an estate has many duties to complete during the probate process. One is making sure that the estate's bills are paid properly. To do this, you have to know what assets are handled in the probate case and which bypass probate. You also need to understand what bills are the estate's responsibility.

Three Rules to Avoid Litigation

I can only think of a few clients who seek out litigation. Most clients try to avoid filing suit, on being sued by another party. The dislike for litigation is certainly understandable. There is a monetary expense, plus an expenditure of your personal and business time in trial preparation and attending depositions, hearings, and trial.

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