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Skyrocketing Probate Fees – Another Reason to Avoid Probate Court
Matthew Goodwin is an estate planning attorney in Naples, Florida who provides services for clients throughout the state. As of July 1, 2015, Connecticut probate courts earned the dubious distinction of charging the highest probate fees in the U.S. Amazingly, the...
Caution: Writing Your Own Deed to Avoid Probate Can Lead to Unintended Consequences
Matthew Goodwin is an estate planning attorney in Naples, Florida who provides services for clients throughout the state. One goal of estate planning is to avoid the time and expense of a probate proceeding. One common way to avoid probate of real estate after the...
Is a Revocable Living Trust Right for You?
Revocable Living Trusts have become the basic building block of estate plans for people of all ages, personal backgrounds, and financial situations. But for some, a Revocable Living Trust may not be necessary to achieve their estate planning goals or may even be...
The Wrong Successor Trustee Can Derail Your Final Wishes
Today many estate plans contain irrevocable trusts that will continue for the benefit of a surviving spouse’s lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is crucial to choose the right...
What You Need to Know About the Final Estate Tax Portability Rules
Recently the IRS issued the final rules governing the “portability election” as it relates to the federal estate tax exemption. Married couples need to understand how these final rules may affect their existing estate plans, while recent widows and widowers need to...
5 Reasons Why Uncle Bill May Not Make a Good Trustee
If you have created a dynasty trust that you intend to last for decades into the future, choosing the right trustee is critical to the trust’s longevity and ultimate success. Initially you may think that a family member, such as a sibling (“Uncle Bill” to your...
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