U.S. Supreme Court Rules in Favor of IRS in Estate Tax Concerning Shareholders’ Life Insurance Policy Proceeds
The U.S. Supreme Court recently issued a unanimous opinion in Connelly v. Internal Revenue Service. This ruling resolves a common estate tax issue for corporate shareholders in favor of the IRS. The high Court’s decision creates various estate planning opportunities to avoid placing an increased estate tax burden on the owners of closely held corporations. […]
The Importance of Periodic Estate Plan Reviews and Updates
While you may have already established a comprehensive estate plan for yourself and your family, your obligation to maintain that estate plan continues. Life rarely goes as planned, and unexpected changes often occur when you least expect them. Furthermore, as time passes, you may have different perspectives or feelings about your assets, your family members, […]
Charitable Giving and Estate Planning: Making a Lasting Impact
A Boca Raton estate planning attorney at Kramer Green can help you create a comprehensive estate plan that serves your needs. We can help you determine what your objectives are for your estate plan and how to meet those goals during the estate planning process, including any charitable giving you wish to include. Together, we can […]
The Basics of Estate Planning: A Comprehensive Overview
Although almost everyone passes away owning at least some property and owing at least some debts, a surprisingly large number of people fail to create an estate plan. When individuals pass away without an estate plan, their family members are left with a financial and logistical mess to figure out, which can make a difficult […]
Estate Planning for Young Families: Protecting Your Loved Ones
Whether you are new parents, or you have just started to think about having children, you may not automatically consider the need for estate planning for your family. After all, you may have just purchased your first home, embarked on your career, and started accumulating savings. However, regardless of the amount of assets you may […]
Partition Action: Forcing the Sale of Jointly Inherited Property
If a partition action is necessary, you should seek help from a knowledgeable attorney. When an individual who holds real estate solely in his or her name passes away, real estate ownership must pass to the person’s heirs through the probate process. If the person left a will, the real estate and other probate property […]
5 Reasons that DIY Estate Planning is a Bad Idea
Legal documents are rampant in today’s “do-it-yourself” era, where a click of your mouse allows you to find out how to do anything on your own. Cheap and free methods of DIY estate planning proliferate on the internet, promising you peace of mind without the necessity of expensive attorney’s fees or even setting foot in […]
The Surviving Spouse’s Elective Share Under Florida Law
Historically, individuals could effectively disinherit their spouses by leaving them out of their wills. When the Florida legislature first created the elective share for surviving spouses, it was limited to the probate estate, which allowed individuals to still disinherit their surviving spouses by eliminating their probate estates. Under current Florida law, surviving spouses’ elective shares […]
Do I Have to Pay My Deceased Spouse’s Debts? Can They Take My Property To Pay His Debts?
When dealing with the death of a loved one, trying to handle the various legal issues that your loved one has left behind, including the payment of debts, is challenging. The Florida probate administration lawyers of Kramer, Green, Zuckerman, Greene & Buchsbaum, P.A. can answer your questions and help calm your concerns. Furthermore, we can […]
3 Steps to Take When You Receive an Inheritance
You may be uncertain what to do when you are notified that you will receive an inheritance. The probate process can be complex and confusing, especially if this is your first time going through it. The Florida probate lawyers of Kramer, Green, Zuckerman, Greene & Buchsbaum, P.A. can help guide you through the probate process […]