Land Trusts are a popular estate planning tool for individuals who wish to transfer assets to their loved ones in a tax-efficient and streamlined manner. While revocable and irrevocable trusts are the most common types of trusts used in estate planning, there is third type of trust that is lesser known: the Florida Land Trust. This article explores what a Florida Land Trust is and how it differs from both standard revocable and irrevocable trusts.

How does AI fit into a legal practice? ChatGPT is very usefule in generating initial answers and pointing a lawyer in the right direction but its responses are oftentimes facile or even incorrect.

The advent of social media raised significant questions for society that had never before been considered. Among the such new issues: Who controls a deceased person’s social media account. Essentially, what happens to our social media presence once we have passed.

An irrevocable life insurance trust (ILIT) is a type of trust that is specifically designed to hold life insurance proceed. The purpose of an ILIT is to help individuals manage the distribution of their life insurance benefits after their death.

Second marriages can present a unique set of challenges when it comes to estate planning. Couples in second marriages often have complicated family dynamics, with children from previous relationships and concerns about how their assets will be distributed after their death.

First and most important, trusted adults need to stay involved in the lives of their elders. This can mean as little as visiting frequently to as much as taking responsibility for their finances. However, taking over their finances can be difficult when elders object. Just as many older people may not be willing to give up their car keys many will not wish to give up financial control.

We quickly concluded that the elderly couple had been swindled out of title to their home and considerable sums of money by this woman. We concluded that this couple had fallen victim to undue influence, a very common scheme in Florida that often befalls lonely, isolated elderly persons.

On many occasions, older homeowners may wish to make lifetime gifts of their home to their children or other eventual heirs. If the homeowners intend to downsize anyway . . .

If you own your home, you’ve likely heard the term homestead before and have a vague idea that it’s important, but do you know what it really means? Surprisingly, homestead isn’t really just one thing. Rather, it is a collection of rights and benefits that . . .

How often should someone review their estate plan with an estate planning attorney? Generally, the rule of thumb is . . .

 After a lifetime of working towards building successful family businesses, many business owners will look to pass their family business on to their adult children. This raises many issues that must be considered and . . .

Generally speaking, anyone who needs to ask this question likely needs estate planning advice. It may seem counter-intuitive, but . . .