Monthly Archives: September 2026
When Do You Lose the Step-Up in Basis With a Florida Trust?
The step-up in basis is one of the most powerful estate planning mechanisms you should be aware of, and it can help your beneficiaries avoid crushing capital gains taxes. While this benefit is “automatic” in many cases, your family members may lose access to it if you create a trust. When exactly does a… Read More »
What Does It Mean to “Decant” a Trust in Florida?
In common parlance, “decanting” is the process of pouring liquid from one container to another. In the legal and financial domains, this phrase has a distinct meaning. One might “decant” a trust in Florida in order to achieve certain estate planning goals. What does this process entail? Why exactly would someone want to decant… Read More »
What Are Lawyer Trust Account Violations in Florida?
When you ask a lawyer to help you with estate planning in St. Petersburg, they take on a serious responsibility. Unfortunately, some lawyers commit certain violations when tasked with this responsibility, and a 2024 report published by the Florida Bar states that “trust accounting issues” are a common source of complaints against lawyers in… Read More »
My Family Members Are Interfering With My Investments at Old Age: What Can I Do?
Older people are often some of the most skilled investors. These individuals remember countless boom and bust cycles, and they know how to pick winning companies. Your younger loved ones might not fully understand your investment strategies, and they might even try to interfere. What can you do if your family members are trying… Read More »
Should I Alter My LLC Operating Agreement During Business Succession Planning in St. Petersburg?
Most LLC owners know that their Operating Agreement is important. However, you might have forgotten about this document after setting up your business for the first time, and you might not realize the role it will play during business succession planning in St. Petersburg. To learn more about the next steps, consider speaking with… Read More »