A SLAT trust, or spousal limited access trust, is a powerful tool that offers numerous benefits for married individuals when it comes to tax and financial planning. Designed specifically for couples, a SLAT trust allows for the transfer of assets while still maintaining control and access to those assets. This unique structure provides a range […]
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Property Tax Exemption for 65+ in Florida
After hitting the ripe and fantastic age of 65, most Florida residents get an extra bonus tax exemption. If you are a Home-owning Florida Resident, you are definitely familiar with the Florida Homestead Exemption that saves you some money on your property taxes every year. It is probably one of the most well known laws […]
How Much is Property Tax in FLorida?
The property tax in Florida varies based on the county in which the property is located, the value assessment of the property, and whether some of the property is exempt from taxation. Florida does not have an income tax of the workers in the state and gets it resources from property tax and sales tax. […]
4 Ways to Protect Your Assets in Florida
As a resident of Florida, you have many assets to protect. The Sunshine State is home to some of the most valuable real estate in the country, and its warm climate makes it a popular destination for retirees and snowbirds alike. If you’re looking for ways to safeguard your assets, here are four that you […]
Powers of Attorney in Florida: What They Are and How They Work
When most people think of a power of attorney, they think of someone who has been appointed to make financial decisions on behalf of another person. But in Florida, the term “power of attorney” has a different meaning. In this state, a power of attorney is a legal document that gives someone else the authority […]
Disability Benefits
Planning: If you are receiving disability benefits, you may want to consider creating a special needs trust. A special needs trust is a type of trust that can be used to hold assets for the benefit of someone who is disabled. The assets in the trust are not counted as part of the disabled person’s […]