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January 2018 Archives

Talking to adult children about estate planning

Florida parents should talk to their adult children about their estate plan. This can help their children understand the plan and can also help parents make sure they clear up any misunderstandings about the assets. In some case, this can mean significant savings for beneficiaries.

Tips for updating an estate plan

Since Congress passed a new tax law in December, Florida residents might want to review their estate plans. The estate tax exemption for couples has doubled to $22 million, so people who previously created estate plans with an aim of avoiding taxes may no longer need those provisions. However, there are other reasons that people of all income levels should review their estate plans regularly.

Ways you may lose VA benefits

Adjusting back to civilian life is difficult enough under normal circumstances. Adding disability to the equation can make it even more challenging. Fortunately, you can receive financial benefits as a disabled veteran, whether old or young, to make things easier. 

Executive order aims to minimize suicide among veterans

By order of President Donald Trump, three government agencies must come up with a plan to improve conditions for military veterans who are facing difficulties adjusting to civilian life. On the second Tuesday of the year, the President ordered Homeland Security, the Department of Defense and Veterans Affairs to coordinate the formulation of a new strategy aimed to reduce the high rates of suicides among veterans from Florida and around the country who are returning from the protracted armed conflicts in Iraq and Afghanistan, which in recent years have expanded to Syria and parts of the African region.

Reasons to include art in an estate plan

Florida residents who collect art generally do so because they enjoy it. They may also do so because they hope or expect that their collection will increase in value over time. In most cases, they plan on buying a piece and holding it until their death. However, art collectors may not necessarily account for their holdings when creating an estate plan.

Mistakes to avoid with trusts in estate planning

You might be in the midst of reviewing your estate plans when you arrive at the conclusion that you need to add a few trusts. Trusts are very useful planning tools that can help you to protect your estate and loved ones’ inheritances. But they are not ideal for every situation or person. 

Decluttering finances and estate planning

When planning for retirement in Florida, many people decide it is time to create an estate plan. Estate plans do not have to be messy and complicated. Just as taking the clutter out of a room can make it easier to access and enjoy, decluttering one's finances can make estate planning simpler and easier.

Consult Our Florida Lawyer for Veterans Aid & Attendance

Feel free to contact us and schedule an initial consultation where we can review your circumstances in an intimate setting and discuss how our Brevard County Elder lawyer can help you. Simply call Amy B. Van Fossen, P.A., locally at 321-426-1848 or toll free at 800-495-9153. We look forward to meeting you.

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