by Howard C. Stross | Apr 1, 2015 | Estate Planning
Estate planning humor for you. This joke is originally from a Michigan probate attorney’s blog. Mrs. Jones, the 5th grade teacher, posed the following problem to one of her arithmetic classes: “A wealthy man dies and leaves ten million dollars. In his... by Howard C. Stross | Dec 22, 2014 | Estate Planning
As part of your year-end planning, you may be considering making some significant gifts. This is the second article in a two part series. The first article discussed the positives of making lifetime gifts. You should also consider the consequences of making lifetime... by Howard C. Stross | Dec 2, 2014 | Estate Planning
What if Santa and Mrs. Claus decided to do an estate plan? Although they would doubtless be great clients, the actual estate plan could be challenging. Estate Tax Concerns. In 2015 the federal estate tax exemption will increase to $5,430,000 for a single person and... by Howard C. Stross | Nov 17, 2014 | Estate Planning
The season of giving is approaching. As part of your year-end planning, you may be considering making some significant gifts. You should consider the consequences of making lifetime gifts now versus your beneficiaries receiving gifts after you have passed away. This... by Howard C. Stross | Oct 29, 2014 | Estate Planning
One of the advantages of using a living trust, instead of a will, is that it gives your family more privacy. After your death, Florida law requires that your last will and testament be filed with the local clerk of court. Once a will has been filed, it is a matter of... by Howard C. Stross | Sep 9, 2014 | Estate Planning
A surviving spouse who is the primary beneficiary of her or his deceased spouse’s IRA is treated differently than non-spouse beneficiaries. The surviving spouse may elect to treat the deceased spouse’s IRA as the surviving spouse’s IRA or roll over...
