Decanting…It Isn’t Just About Wine…

Some of you may have heard of decanting in the wine world. Apparently, sediment from the fermentation process can produce an undesirable taste in wine. The wine is decanted to separate the wine from these sediments. In the trust world, a trust can be “decanted” from one trust to another…

Continue reading

NEW.. Final Regulations Issued for Portability

As I have mentioned in a previous blog the concept of portability enables a surviving spouse to take advantage of his or her deceased spouse’s unused exemption (“DSUE”) amount. For example, if Sue dies and only uses 2 million of her 5.430 million exemption amount, Harry, the surviving spouse can…

Continue reading

What’s New in 2015?

In the 2015 session, the Florida legislature passed some very important bills applicable to guardianships, health care surrogates, minors, estate planning and probate. Here are a few of those with links to the actual bills: 1. HB 5, which has been signed by the Governor and takes effect on July…

Continue reading

Minors and Homestead…Don’t Mix Well!

Last week in my blog,  I discussed minors as beneficiaries of retirement plans, life insurance and other assets in an individual’s name. I used the example of Sheila and Joe dying together in a car crash and their minor children, Amanda and Dakota, receiving assets. If assets are distributed outright…

Continue reading