J. Kelly Kennedy, Attorney/CPA, PLLC

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October 2016 Archives

Do all estate plans include the same legal documents?

Every person has their own set of life and family circumstances that are unique to them. Their estate plan should reflect these particularities. However, many people in Polk County who have estate plans probably use at least some common legal devices to effectuate and dictate their desires. This begs the question of whether all estate plans should include certain legal documents.

New report shows many people not leaving an inheritance

Many people living in the Lakeland and Winter Haven area are members of the Baby Boomer generation. This group of people, which includes those who are currently between the ages of 51 and 69, numbers nearly 75 million, according to data from the U.S. Census Bureau. That makes the Baby Boomers the second largest generation of people in the U.S., with only the Millennials outnumbering them.

Which kinds of life circumstances warrant preparing a will?

Most people probably don't like to discuss issues that involve other people dying, let alone having discussions about their own death. At some point, however, everyone must face their own mortality. Preparing a will is one of the things that usually goes hand-in-hand with the realization that no one lives forever. But you might be wondering what life circumstances warrant executing a will.

Revenue from inheritance tax is dwindling

During a presidential election year, people throughout the country evaluate the candidates and their policy proposals. This year, like many other election years, the candidates have focused a lot of their attention on discussing the economy. Usually, when a politician discusses the national economy, the topic of taxes is bound to come to the forefront. For some people in Polk County, this topic is particularly important with regard to inheritance taxes.