Investing Your Inheritance What should you do when a sizeable amount of money comes your way in the form of inheritance? Your first step should be meeting with an attorney who is also familiar with business and family law. Preferably, this attorney should already be working with your family. Whether your attorney helped your relative [...]
Florida Homestead Exemption A Florida Homestead Exemption can save you a great deal of money in terms of property taxes. Successful applications attract a typical $25,000 cushion to add to further relief of a similar amount. This brings the total amount of relief to a tax exemption of up to $50,000. As you can imagine, [...]
Estate Taxes 101 It is the tax that kicks into effect upon the death of a person while handing down their estate (which could be money or property). However, it’s not always the case that the beneficiary of the property transfer has to pay an estate tax. If the value of the assets in question [...]
Technology and the Changing Inheritance Laws The procedures for dealing with a person's property after death differ based on your location, culture, and whether a legal Will is in place or not. For example, there is no inheritance law or ancestral property distribution or birth-rights in Islamic law. When it comes to inheritance law in [...]
International Tax Changes Effect on Florida Inheritance Laws Presently, there are no estate taxes in the state of Florida, but that has not always been the case. Until 2004, state-level collection of the estate tax was part of the probate process. However, that changed as Florida made way for new policies and modern standards. Before [...]
