by Howard C. Stross | Oct 20, 2020 | Estate Planning
In honor of Estate Planning week, the week of October 19, 2020, we are providing a crib sheet for knowing the definition of and referring to common estate planning terms. Estate Planning is an important tool, not just for the ultra-wealthy or those thinking about...
by Howard C. Stross | Jun 29, 2020 | Asset Protection, Estate Planning, Trust Administration
Increasing Longevity and Its Effect on Estate Planning and Retirement Planning In the 1970s, Logan’s Run debuted; it was a movie showing a solution to a society’s problems with overcrowding was to end each person’s life at 30 years of age. Not only is this world not...
by Howard C. Stross | Jun 3, 2020 | Asset Protection, Estate Planning
One of the first estate planning clients I advised was a man with a comic book collection appraised at $44,000. Decades later, I wonder about the current value of his collection. Ever since that first client, I have observed mistakes people make in planning for their...
by Howard C. Stross | Mar 5, 2020 | Estate Planning, Trust Administration
What is Sweetheart Estate Planning? Most married couples today need not plan for the payment of federal estate taxes. In 2020, federal estate tax is only imposed on a deceased person’s estate if its value exceeds $11,580,000. With proper planning, a married...
by Howard C. Stross | Jan 10, 2019 | Estate Planning, Trust Administration
Florida is the number one choice among retirees to call home. Many of our transplants may not want to change the professional relationships they have established over many years. With estate planning, that is a mistake. Just because a person’s estate planning...
by Howard C. Stross | May 25, 2018 | Estate Planning, Trust Administration
When is the Power of Attorney Effective? In Florida, a power of attorney signed after October 1, 2011, is effective immediately. This means you do not have to be incapacitated for your agent to act on your behalf. This can be helpful if you are out of town for an...
