Revocable Living Trusts vs. Wills: Choosing the Right Tool for Florida Estates in 2025
For Miami residents in Coral Gables, Brickell, or Key Biscayne, deciding between a revocable living trust and a will is a cornerstone of estate planning. With the 2025 Tax Cuts and Jobs Act (TCJA) exemption dropping to approximately $7 million and Florida’s probate reforms (HB 923) streamlining but not eliminating probate complexities, choosing the right […]
Purpose Trusts: Lessons from Patagonia for Miami Entrepreneurs
Miami’s entrepreneurial spirit, from tech startups in Brickell to family businesses in Doral, drives a growing interest in legacy planning that aligns with personal values. Purpose trusts, designed to support specific causes or missions rather than individual beneficiaries, offer a powerful tool for business owners to preserve their company’s mission and philanthropy. Inspired by Patagonia’s […]
Conservation Easements: Tax Benefits for Florida Landowners in 2025
For Florida landowners in Miami, Coral Gables, or the Everglades-adjacent areas, conservation easements offer a unique estate planning tool to protect environmentally significant land while securing significant tax benefits. With the 2025 Tax Cuts and Jobs Act (TCJA) exemption dropping to approximately $7 million and rising environmental concerns in South Florida, conservation easements align financial […]
Blended Family Estate Planning: Avoiding Disputes in Florida for 2025
Blended families—those with stepchildren, stepparents, or second spouses—are increasingly common in Miami’s diverse communities like Coral Gables, Brickell, and Coconut Grove. These complex family structures can lead to estate disputes without careful planning, especially with the 2025 Tax Cuts and Jobs Act (TCJA) exemption dropping to approximately $7 million and Florida’s probate reforms (HB 923) […]
Medicaid Planning for Florida Retirees: Protecting Assets in 2025
For retirees in Miami, Coral Gables, or Key Biscayne, the rising cost of long-term care—averaging $100,000 annually for nursing homes in Florida—poses a significant threat to financial security. Medicaid planning allows retirees to qualify for benefits while protecting assets for spouses or heirs, especially critical with the 2025 Tax Cuts and Jobs Act (TCJA) exemption […]
Basis Step-Up Rules Post-TCJA: Impacts on Inherited Assets in 2025
For Miami families inheriting assets like real estate or investments in Coral Gables, Brickell, or Key Biscayne, understanding basis step-up rules is crucial to minimizing capital gains taxes. With the Tax Cuts and Jobs Act (TCJA) set to sunset on December 31, 2025—reducing the federal estate tax exemption from $14.18 million to approximately $7 million—the […]
Digital Legacy Planning: Securing Online Assets in Florida for 2025
In Miami’s tech-savvy communities like Brickell, Coral Gables, and Doral, digital assets—cryptocurrencies, social media accounts, NFTs, and online businesses—are increasingly central to estate planning. Without proper planning, these assets risk being lost, inaccessible, or disputed, especially with Florida’s 2025 probate reforms (HB 923) and the federal Tax Cuts and Jobs Act (TCJA) exemption dropping to […]
Dynasty Trusts for Family Businesses: Preserving Miami Legacies in 2025
Miami’s family businesses, from restaurants in Little Havana to real estate firms in Doral, are the backbone of many multigenerational legacies. Dynasty trusts offer a powerful tool to protect these enterprises across generations, especially as the 2025 Tax Cuts and Jobs Act (TCJA) exemption drops to approximately $7 million, increasing federal estate and generation-skipping transfer […]
Funeral Planning Integration: Pre-Need Directives in Estate Plans
For Miami families in Coral Gables, Key Biscayne, or Coconut Grove, the emotional and financial burden of making funeral arrangements during grief can be overwhelming. Integrating pre-need funeral directives into your estate plan ensures your wishes are honored while reducing family stress and costs. In 2025, with Florida’s probate reforms (HB 923) and the TCJA […]
Charitable Lead Trusts: Balancing Philanthropy and Family Wealth in 2025
For Miami residents in Coral Gables, Key Biscayne, or Brickell, estate planning often involves balancing philanthropy with preserving wealth for family. Charitable Lead Trusts (CLTs) offer a powerful solution, allowing you to support causes you care about while reducing taxes and passing assets to heirs. With the 2025 Tax Cuts and Jobs Act (TCJA) exemption […]
