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THE CORONAVIRUS, SPIRITUALITY, STAYING CALM, AND ESTATE PLANNING IN MIAMI BEACH, FL- PART II

THE CORONAVIRUS, SPIRITUALITY, STAYING CALM,  AND ESTATE PLANNING IN MIAMI BEACH, FL- PART II

The Coronavirus pandemic is real. As the virus spreads throughout our nation and the world, we all realize that our lives are fragile and our health is a gift to be treasured. The virus has accelerated the procrastinators need to wait another week, month, or year; pushing people to contact an experienced attorney and get their estate planning done. Wills and trusts are a must; with proper estate planning in Miami Beach, FL you can protect your assets and loved ones and take control of your planning while you are alive and well. At Ally M. Glaser, P.A., you will get personalized attention, experience, knowledge, and guidance as to the best plan for your special unique situation. We all have different scenarios and I treat them all with the sensitivity that they deserve.  

WHAT CAN WE DO DURING THIS QUARANTINE TIME TO RELAX? WHAT IS A GRATITUDE JOURNAL? 

For most people, it is extremely difficult to stay in the home disconnected from your extended family, friends, and loved ones. If you are healthy and feeling grateful, you can begin a gratitude journal. This helps during difficult times or times of loneliness to keep our moods lifted. The journaling can be as easy as jotting down a few notes or a deeper process of writing in a notebook upon waking and allowing the pen to flow freely for 10 minutes each morning. A great book about getting to know ourselves better through journaling is The Artists Way by Julia Cameron. I journal every day and have done so for over 20 years, I started with this book and it changed my life for the better. You can buy the starter kit on Amazon.com which includes the book and the morning pages journal. 

WHAT IS MEDITATION AND HOW DOES IT HELP YOU? 

Meditation is a way to relax the mind and quiet your thoughts. It can be as simple as sitting quietly for 10-20 minutes each day. I start my day by journaling, then meditate for about 25 minutes and then usually do some yoga before I begin my life as an estate planning and probate attorney in Miami Beach, FL. I find it helpful as I think clearer and am more relaxed and able to deal with life and all of its complexities and uncertainties.   

WHAT IF I DON’T WANT TO MEDITATE OR JOURNAL? ARE THERE ANY GOOD  BOOKS TO READ THAT MIGHT MAKE ME FEEL BETTER?

While journaling, meditation, and yoga can help to quiet the mind and body and boost your immune system, not everyone is ready for this. Thus, there are excellent spiritual books that you can read and enjoy. My favorite for all ages and all beliefs are The Four Agreements by Don Miguel Ruiz and The Power of Intention by Dr. Wayne Dyer. Dr. Wayne Dyer says it best“if you change the way you look at things, the things you look at change.”

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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THE CORONA VIRUS AND ESTATE PLANNING IN MIAMI BEACH, FL

THE CORONAVIRUS AND ESTATE PLANNING IN MIAMI BEACH, FL

I received a call from a close friend who said her father was sick and asked to be tested for the Coronavirus after testing negative for the flu and he was told there were no tests available. The worst part of the Coronavirus is that it is so contagious and most people may show no symptoms for up to 14 days after exposure.  The symptoms of the Coronavirus are a sore throat, fever, shortness of breath, and coughing. If we all do our parts and stay in our homes, hopefully, we can shorten the devastation of this pandemic. 

WHY MY FRIEND WAS CONCERNED AND HOW CAN ESTATE PLANNING IN MIAMI BEACH, FL HELP HER AND HER ELDERLY FATHER? 

My friend’s mother passed away four years ago from cancer, leaving her father a widower and single for the first time in over 50 years. My friend was not only concerned about his health but also asked me about his assets. He owns an apartment in his and his late wife’s name, stocks, bank accounts, and other investments mostly in his and his late wife’s name. 

WHAT HAPPENS WHEN ACCOUNTS ARE IN YOUR DECEASED SPOUSE’S NAME? ARE YOU FORCED TO GO TO PROBATE COURT IN MIAMI-DADE COUNTY, FL?

Joint assets, if titled properly, can easily be transferred to the surviving spouse, but after the first spouse dies, the second spouse in need of a good estate plan. My friend’s father can avoid probate court involvement by creating a revocable trust and placing all of his assets inside of this trust. Once the trust is created, he can also sign a deed transferring the apartment into the trust. A short form (without cause of death) death certificate of his late wife should be recorded in the Miami -Dade County Recording Office at the same time as the deed is recorded.  All of his other assets can be transferred to the trust and an original death certificate may be required here as well if the accounts are owned jointly. If done properly, this process will avoid probate court completely. 

WHAT IF HE DOES NOTHING AND THEN PASSES AWAY WITH EVERYTHING IN HIS AND HIS LATE WIFE’S JOINT NAME?

If my friend’s father does nothing, upon his death, his loved ones will need to initiate a probate court case in Miami-Dade County, FL and a Judge will decide how everything is handled. A probate attorney will need to be retained to assist in the court process and guide the family. The probate process is public, long, and expensive, and, a Notice to Creditors is usually required to be published in a local newspaper; thus, causing more delays and more expenses.

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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“BUT MY HUSBAND LEFT ME EVERYTHING IN HIS WILL, WHAT HAPPENED TO HIS IRA?”

I received a call from a sad second wife. She was mourning the loss of her husband and the loss of her money. Before he died, her husband executed a valid will leaving $200,000.00 to each of his four adult children and everything else to his current wife. That same husband also never changed beneficiary designations leaving his IRA with millions of dollars to his adult children. Even if you have a will that says otherwise, whoever is listed as the beneficiary on the IRA will get that money. The same rule holds true for insurance policies, bank accounts, and annuities.

WHAT HAPPENS NEXT?  DO WE NEED MIAMI, FL PROBATE COURT INVOLVEMENT?

Yes, probate court involvement is required in both Miami-Dade and Broward county even if there is a valid will. Once a person dies with real estate, stocks, investments, or bank accounts in their name alone with no paid-on-death beneficiary, a probate case must be initiated in order for the loved ones to receive these assets. In the case above, the wife will receive all other assets through probate court and the adult children will get their $200,000.00 each through the same probate process. 

WHAT HAPPENS WITH THE IRA?

The IRA will be divided among the four surviving adult children as stated in his beneficiary designations without probate court involvement. This asset is easily distributed upon showing a death certificate and contacting the investment firm that handled the IRA directly. Once the death certificate is presented and the children’s identity ascertained, the monies are distributed. 

WHAT COULD THE DECEASED HUSBAND HAVE DONE DIFFERENTLY?

The first thing the deceased husband could have done is check and recheck all of his beneficiary designations. In a second marriage, this should be done regularly as the situation changes through time. In addition to reviewing your beneficiary designations and documents regularly, you may also consider doing a proper estate plan with a revocable trust which if funded properly will avoid the need for probate court involvement.

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, FL with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County, FL Probate matters.  I am happy to help you and your loved ones.

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“WAS MY MOM’S LAST WILL AND TESTAMENT DONE PROPERLY?”

I received a call yesterday from a daughter asking me if her mother’s Last Will and Testament was executed properly. She had heard it was not and wanted to check with me. I explained that a Last Will and Testament must be signed by two unrelated witnesses and be notarized. Thus, because her brother was listed as the personal representative and beneficiary, he could not be a witness and therefore, the will was not valid. 

WHAT HAPPENS NEXT?  DO WE NEED MIAMI PROBATE COURT INVOLVEMENT?

Yes, probate court involvement is required in both Miami-Dade and Broward county even if there is a valid will. Once a person dies with real estate, stocks, investments, or bank accounts in their name alone with no paid-on-death beneficiary, a probate case must be initiated in order for the loved ones to receive these assets. An attorney must be hired and then the Florida intestacy statutes rule this case. Thus, the four siblings are now the lawful beneficiaries instead of the one son receiving everything as the will provided. This all could have been avoided with the proper execution of the Last Will and Testament with two disinterested witnesses and a notary. 

DOES ESTATE PLANNING IN MIAMI BEACH PREVENT THE NEED FOR A MIAMI-DADE COUNTY PROBATE CASE?

Yes, estate planning in Miami Beach, Florida if done properly can prevent the need for probate court involvement. If probate court is needed when someone dies with assets in their own name, the end goal is to move all assets into either joint name, add paid on death beneficiaries, or establish documents and fund a Revocable Trust where the real estate and banks and investments are held inside this revocable trust. 

WHEN I CREATE A REVOCABLE TRUST DO I LOSE CONTROL OF MY MONEY?

No, a revocable trust can be created with the owner as the trustee; leaving you full power and control over their assets. Another benefit of a revocable trust is if you become incapacitated or pass away, the successor trustee is now in total control; thus, avoiding the need for probate court involvement. By doing estate planning and funding your trust properly, you can keep your wishes and money matters private. 

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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DO I NEED ESTATE PLANNING NOW? WHY DID KOBE BRYANT ALWAYS FLY IN A HELICOPTER WITHOUT HIS WIFE?

Unless we are hit with a terminal disease, death often comes as a surprise for both the decedent and their loved ones. On January 26, 2020, Kobe and his daughter, Gianna, and seven people stepped on that helicopter and did not know that day would be their last. Aside from being a successful retired professional basketball player who mentored kids and teens and players alike and set the bar high for skills and points, he also was an extremely committed father. For example, Kobe and his wife, Vanessa, knew helicopters could be dangerous and thus agreed that only one parent would fly in a helicopter at a time. Thus, preventing the unfortunate event of both parents dying in a helicopter crash. This is a great example of estate planning and how to maximize it. 

WHY DO ESTATE PLANNING NOW?  

The Kobe Bryant example shows us that death can be very unexpected. We can be heathy, happy, successful people and yet accidents can happen. In Kobe’s case, he died leaving a wife and three minor children behind. Estate planning is not just for the terminally ill, estate planning is for parents, people who have loved ones that they want to protect, and people who live together and are not married or have separate assets they want to allocate.

IS ESTATE PLANNING IN MIAMI BEACH JUST A WILL AND A TRUST?

No, estate planning is so much more than a will and a trust. Estate planning is creating a thoughtful plan regarding your assets and loved ones, your health care and wishes, and your personal items. Estate planning includes planning for disasters. I know a few couples who do not fly together in airplanes nor helicopters, thus preserving both their family and their wealth.

WHAT IS PROBATE IN MIAMI-DADE AND BROWARD COUNTY AND WHY WOULD WE AVOID IT?DOES A WILL PREVENT THE NEED FOR PROBATE COURT?

Probate is a court process needed when a person dies with assets in their own name, even if there is a valid will. If a probate is required in Miami-Dade or Broward County, the loved ones left behind must hire an attorney, collect documents that prove proof of ownership, and even prove that they are the lawful heirs if no will exists. Yes, even if there is a will, probate court involvement is still required. 

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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WHAT IS THE DIFFERENCE BETWEEN A PEACEFUL PROBATE AND A CONTESTED(FIGHTING) PROBATE?

I recently received a call where the adult children were all seeking separate attorneys to handle the Miami probate matter of the death of their parent. Like this one, I receive many calls regarding contested probate cases in both Miami-Dade County and Broward County. I only handle peaceful matters as there are attorneys who specialize in litigation, fighting, and contested matters regarding wills and trusts in both Miami-Dade and Broward Counties; and that is not me.  

WHAT IS PROBATE? 

Probate is the court process where a loved one dies with assets in their own name. This may consist of their homestead, real estate investments, stocks or bonds, bank accounts and other assets. The first step to a probate case is to ascertain the assets and debts and contact an attorney to assist you in court process related to the collection and distribution of your loved one’s assets. 

WHAT IS A PEACEFUL PROBATE?

A peaceful probate in Miami- Dade or Broward county happens when all parties agree. Thus, in a peaceful probate matter, after a loved one passes away all beneficiaries agree to use the same probate attorney. For example, all of the adult children agree and want the case resolved as efficiently as possible.  

WHY DO I ONLY ACCEPT PEACEFUL PROBATE MATTERS?

I only accept peaceful probate matters as it is my vision in Ally M. Glaser, P.A., to hold true to my ideals of bringing families together. As I have both a psychology degree and a law degree, my skills are best used when we are all on the same team. In my over twenty-three years of practicing law, I have helped strengthen the bonds of families and assist them in their legal matters. 

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH, TRUST ADMINISTRATION, AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts, Trust Administration, and Probate Attorney in Miami Beach with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts, Trust Administration, and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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DO MORE PEOPLE DIE AT CHRISTMAS AND NEW YEARS?

 DO MORE PEOPLE DIE AT CHRISTMAS AND NEW YEARS?

I attended two funerals during the holiday week and thought that was rather rare so I looked it up and yes, more people die on Christmas and New Year than other times of year. Both the Washington Post and CNN have related articles regarding this topic. The reasons are all speculative, but the statistics do show this to be true. It could be stress, holding on until the holidays, depression if they are alone or many other factors. 

WHAT HAPPENS WHEN A SINGLE PARENT PASSES AWAY?

One of the services I attended was for a young mother in her forties with everything going for her but her cancer. She was smart, successful, loved by family and friends, and a happy person in general. In this scenario, if she has done estate planning in Miami Beach, Florida and properly funded a revocable trust, her kids are financially in a good place. 

WHAT ASSETS CAN YOU PUT IN A REVOCABLE TRUST?

Any assets can be placed into a revocable trust. For example, if this single mom owns three real estate properties, life insurance, bank accounts and investment accounts, all of this can be placed into her trust while she is alive and well and she is the trustee in control. This is a great way for her to her plan because she has two young children, and thus, would not want them to inherit too much, too soon.

IS THERE A NEED FOR A PROBATE CASE IN MIAMI -DADE COUNTY?

In the scenario above, if the money, real estate, bank accounts, and investment properties are all in Mom’s trust, then probate is not required and everything can be handled privately without any court involvement. The more efficient the estate planning, the easier it is on the children and loved ones left behind. 

AT WHAT AGES DO THE KIDS HAVE ACCESS TO MOM’S TRUST?

In our same scenario above, at the time of Mom’s death, her trust becomes irrevocable and thus, permanent. Her children, with the trustee’s guidance and assistance, can use these monies and assets during their life for health, education, maintenance, and support. This is an easy way to say the Mom’s assets can be used for the children’s benefit for everything and anything the kids may need until a certain predetermined age stated in her trust. Many of my clients use the ages 25 and 30; giving the children the opportunity to remove half the assets/monies at 25 and half at 30 this is another protection available when creating revocable trusts. 

HOW DO I CHOOSE THE BEST ESTATE PLANNING ATTORNEY IN MIAMI BEACH, FLORIDA?

As a Miami Beach Estate Planning, Wills and Trusts, and Probate Attorney with over twenty-three years of experience and both a Psychology and Law degree, I handle these matters with the care and sensitivity that they deserve. Call or email me today to discuss your Estate Planning, Wills and Trusts, and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones in these difficult times.  

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ESTATE PLANNING HELPS SINGLE PARENTS PROTECT THEIR CHILDREN

CAN ESTATE PLANNING HELP SINGLE PARENTS PROTECT THEIR CHILDREN ?

Yes, all parents want to protect their children, but the chances of a couple dying at the same time is rare. Thus, a single parent especially a single parent of a minor child needs estate planning in Miami Beach, Florida more than most people. Even if you have a teenager or an adult child, proper estate planning in Miami Beach, Florida should also be done to protect those children in the case of your death. 

WHO WILL BE YOUR TRUSTEE?

The trustee will be the person to replace you in the case of your death or incapacity. I recently received a call from a single mother who wants to put her sisters in charge, one and then the other as an alternate, if needed, to look after her daughter and assets until her daughter turns 25 and 30 years of age, should she pass away before then. She is young and healthy and is seeking peace of mind knowing her plans are in place. 

WHAT ASSETS CAN YOU PUT IN A REVOCABLE TRUST?  

Any assets can be placed into a revocable trust. For example, if this single mom owns three real estate properties, life insurance, bank accounts and investment accounts, all of this can be placed into her trust while she is alive and well and she is the trustee in control. This is a great way for her to her plan because she has a young daughter, and thus, would not want her to inherit too much, too soon.

HOW ARE THESE TRANSFERS TO TRUST DONE? IS IT COMPLICATED?

No, the process is relatively simple. The life insurance has the trust listed as a beneficiary while she is a minor. As she matures the assets can be transferred to her name, but her mother may want to protect her interests and keep all assets in the trust until she turns the chosen ages of 25 and 30. These age determinations are made on a case by case basis depending on the client’s specific situation. Bank accounts and investments can be held directly in the name of the trust as the owner. 

HOW IS REAL ESTATE TRANSFERED?

For real estate, transfer deeds are done and recorded with the trust as the owner of the property. Homestead can still be applied for and accepted as long as the requirements are met. When the real estate properties and all assets are properly transferred, the need for a probate attorney in Miami or Broward County disappears.

WHY SHOULD YOU USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH, TRUST ADMINISTRATION, AND MIAMI-DADE AND BROWARD PROBATE MATTERS?

As a Miami Beach Estate Planning, Wills and Trusts, Trust Administration, and Probate Attorney in Miami Beach with over twenty years of experience and both a Psychology and Law degree, I handle these matters with care and sensitivity. I am familiar and comfortable with both the Broward County and Miami-Dade probate court system and know how to get things done. Call or email me today to discuss your Estate Planning, Wills and Trusts, Trust Administration, and Broward or Miami-Dade County Probate matters.  I am happy to help you and your loved ones.

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HOW OLD SHOULD I BE TO DO ESTATE PLANNING IN MIAMI BEACH,FL

HOW OLD SHOULD I BE TO DO ESTATE PLANNING?

On October 31st, Halloween night, a mother and her two young children under the age of eight, lost their father and love when he was killed in a terrible accident while riding a scooter on his way to meet his family at a nearby Halloween pizza party. He was in his thirties and never expected to die that day; he had no estate planning, no will, no trust, no letters nor instructions.

WHAT HAPPENS NOW?

I was called and asked this question the very next day. Sadly, I did not have happy answers. Because they were not legally married and no estate planning had been done, his longtime girlfriend and mother of his two kids get nothing unless it was planned ahead as in the case of a paid-on death beneficiary listed on a bank account, 401k, investment account, etc. If he left assets in his own name with no beneficiary, an attorney is retained and a probate administration begins with the children being the only beneficiaries and two required guardianships as the beneficiaries. There are so many better ways to protect these children. 

IS ESTATE PLANNING IN MIAMI BEACH, FL ENOUGH TO PREVENT A PROBATE AND GUARDIANSHIP MESS IN MIAMI DADE OR BROWARD COUNTY?

Yes, estate planning is enough to prevent this mess if done properly. I have many clients who are not married and live together and they are protected through proper estate planning. Also, when a trust is done properly there are provisions for minor young children and they are protected as well; preventing the need for an expensive and unnecessary court ordered guardianship. The law allows for a minor to receive $15,000 or less, anything more than that requires a guardianship to be set up by an attorney.

HOW DOES PROBATE ADMINISTRATION IN MIAMI WORK?

Probate administration is a difficult process to go through for the loved ones left behind. The first step is to hire a probate attorney. If a properly signed will exists, the will can be presented by the attorney and if admitted, it is followed. If there is no will or the will cannot be found, then it is considered an intestate (no will) probate and a bit more complicated as the heirs have to be proven.

SHOULD I HIRE A PROBATE OR ESTATE PLANNING ATTORNEY?

Hiring the right probate attorney in Miami is very important as there are many specific rules that only apply in probate court. Ally M. Glaser is a probate and estate planning attorney in Miami Beach, Florida and has been practicing law for over 20 years. Ally uses both her psychology and law degree to help her clients with the experience and sensitivity that they deserve. Call or email today to get started with your Miami Beach Estate Planning or Probate Administration cases. 

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ESTATE TAXES PART 2- DOES MY STATE HAVE A STATE DEATH TAX? CAN I MOVE MY RESIDENCY TO FLORIDA?

ESTATE TAXES PART 2- WHICH STATES HAVE AN ESTATE STATE DEATH TAX?

At the time of this writing, there are 13 states with state estate taxes; Illinois, Maine, Maryland, Massachusetts, Minnesota, New York, Oregon, Rhode Island, Vermont, Connecticut, District of Columbia, Hawaii and Washington. My last three clients, from Illinois, New York, and Maryland redid their estate plans in compliance with Florida law and moved their residency to Florida to save on state death taxes and retire and enjoy our warm weather. 

IS ESTATE PLANNING IN MIAMI BEACH, FLORIDA ENOUGH TO PREVENT ESTATE STATE DEATH TAXES?

Estate planning in Miami Beach, Florida is not enough to prove residency. The lawful requirements must be met, which includes actually living in Florida for at least 6 months and 1 day or more. You must also have proof of residency; such as, a Florida driver’s license, be registered to vote in Florida, have signed Florida estate planning documents, and pay taxes in Florida. 

WHEN DOES TRYING TO MOVE MY RESIDENCY TO FLORIDA FAIL?

The residency plan fails if you are not really living here in Florida. For example, if you are a snowbird and have a home in Miami Beach, Florida and New York City. If you spend 7 months in New York and only 5 months in Miami Beach, Florida, and all of your finances and investments are in New York banks and institutions, New York state will likely go after your estate to pay state death taxes. 

WHAT OTHER BENEFITS DO I GET BY MOVING TO MIAMI BEACH, FLORIDA?

Other than avoiding paying state death taxes, you may receive homestead exemption status if you own real estate in Florida, live here, and offer proof to the county tax payers/appraisal office. To apply for homestead, you will need to visit in person, call them, or apply online at http://www.miamidade.gov/pa/exemptions.asp. Again, this request must be legitimate as the office checks to confirm your driver’s license and voter registration are both in Florida. Furthermore, you must prove that you receive mail at your homestead property by showing statements with your homestead address. 

WHY SHOULD I USE ALLY GLASER, P.A. TO MOVE MY RESIDECY TO FLORIDA?

At Ally Glaser, P.A., Ally Glaser has over 22 years of experience in dealing with probate cases in both Miami-Dade and Broward County and wills and trusts in Miami Beach, Florida. We handle these matters with the sensitivity and concern that the clients deserve and get the work done while also assisting in the moving of residency, if needed. I am happy to help and use my Psychology and Law degree to offer a special level of service. Call or email today to get started on moving your residency to Florida and creating or updating your wills and trusts.