Coronavirus (COVID-19) dominates the news. American life has been rearranged in just a few short days as the nation – and the world – hunkers down to combat and contain the virus. Many Americans are now working from home as social distancing has become a temporary norm.
Many of our regular Brevard County blog readers will recall that we recently wrote a post about dispelling estate planning myths. In this post, we’re going to take a look at some questions to ask and answer to ensure that your estate plan will give you and your loved ones the protections you seek.
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.
The term “gray divorce” has become media shorthand for divorces among people who are age 50 and above. While divorce is declining across most age groups, it is rising among those in this older demographic.
When you walk into a Brevard County estate planning attorney’s office for the first time, there are a number of questions you can expect to be asked. For instance, you will be asked about your heirs, assets you have and expect to have and how you would like to have your estate distributed, among other questions.
Many regular readers of our Brevard County legal blog will undoubtedly recall that we wrote late last year about the SECURE Act (Setting Every Community Up for Retirement Enhancement), the bipartisan legislation signed into law in December.
With so much at stake in this year’s election, including the White House, control of the U.S. Senate and House of Representatives, as well as seats in Florida’s Senate and House, it promises to be a boisterous, bruising electoral season.
When people are feeling good, it can be difficult to think about not feeling good. When people are healthy, it can also be difficult to think about illness. Those are pretty common and understandable human traits that help people avoid discussions of serious illness and end-of-life plans.
At 73 years old, the Navy veteran is fortunate to still have his mother around. His 92-year-old mom has considerable financial assets – including Florida property – but she and a Probate judge wonder what became of $6 million in her estate.
The SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019) is about to make significant changes to IRAs and certain retirement benefits. So if you have an IRA, it is important to sit down with your Brevard County estate planning attorney and discuss possible changes to your plans.