Monthly Archives: May 2025
Top Ten Irrevocable Trusts in Florida
In Florida, an irrevocable trust is a type of trust that cannot be modified, amended, or revoked once it has been created, except under very specific circumstances. These trusts are often used for estate planning, asset protection, and tax benefits. Some common types of irrevocable trusts in Florida are discussed below. Irrevocable trusts are… Read More »
How Much Can You Gift to Your Children Tax Free?
In the United States, gifting to your children is a common way to transfer wealth while minimizing taxes. However, there are specific rules governing how much you can gift tax-free, primarily related to the annual gift tax exclusion and the lifetime gift tax exemption. Understanding these rules can help you navigate gifting strategies without… Read More »
Key Elements of Generational Estate Planning
Generational estate planning transfers wealth, assets, and family legacies across multiple generations. These plans look past immediate beneficiaries, such as children, to consider the future needs of grandchildren, great-grandchildren, and future generations as well. Effective generational estate planning ensures that assets are distributed efficiently according to the wishes of the maker, and in a… Read More »