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...
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Important documents to include in your estate plan
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Apr 24, 2019 | Firm News
If you have not started the estate planning process, it is probably past time to check that off your to-do list. Whether you own a home in Cocoa or you are renting an apartment, an estate plan can benefit you. In reality, you do not need to possess high-value assests...
Trusts: Protecting your assets and estate
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Apr 9, 2019 | Firm News
Trusts are great for protecting your assets and making sure beneficiaries get what you'd like them to have from your estate. Trusts can protect your estate from high taxes and provide other benefits as well.There are many kinds of trusts that you could look into...
5 signs that it’s time to review your estate plan
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Mar 26, 2019 | Firm News
Once you create an estate plan, you'll feel much better about the future. With this in place, you won't have nearly as many concerns about what will happen to your assets upon your death. You'll also have confidence that your loved ones will be okay after you're...
Tips to help with your executor duties
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Mar 12, 2019 | Firm News
Taking on the duties of an executor of a loved one's estate can be very stressful and time-consuming. In addition, the executor's role can often be extremely complicated. However, if you organize and deal with your duties methodically, you can ease the burden of the...
As a parent, you should follow these estate planning tips
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 25, 2019 | Firm News
As a parent, you always want what's best for your children. This should lead you to create an estate plan with the future well-being of your children in mind. While there's no way of knowing what will happen down the road, there are steps you can take to put your mind...
Whom should you name as your power of attorney?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 16, 2019 | Firm News
Naming a power of attorney is easier said than done, since you have a seemingly endless number of options. While you can name almost anyone you want, you don't want to make a rash decision that could end up negatively impacting you or your loved ones in the...
What can an irrevocable trust do for you?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Feb 8, 2019 | Firm News
There are many estate planning tools available to help individuals preserve their assets and provide for others long after they are gone. In most cases, an estate plan includes some form of trust, which holds assets and protects them from legal challenges and...
Do you have a plan in place to reduce your estate tax liability?
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jan 24, 2019 | Firm News
You have spent a lifetime building up your assets and establishing yourself. Whether you make your money off of investments, a business you started or a salary, you have already paid taxes to the state and to the federal government on the money you earned. That's one...
Why you might fund a spendthrift trust for one of your heirs
On Behalf of Goldman, Monaghan, Thakkar & Bettin, P.A. | Jan 9, 2019 | Firm News
If you are the parent of adult children, you may be struggling to plan the fair distribution of your estate given the wide spectrum of aptitude and abilities of the heirs. For instance, some of your brood may be quite responsible and sober-minded while one or two...
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