J. Kelly Kennedy, Attorney/CPA, PLLC

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November 2016 Archives

What type of estate planning fits you best?

From time to time, it would be helpful if we could read others' minds. While close family members and friends may feel like they can do this on occasion, it is difficult to always know what others want, particularly if there has been a lack of communication about the issue at hand.

How is a trust established?

Florida residents often make it a point to set various goals they would like to achieve. In achieving these goals, certain steps must be taken along the way, and things often must be done right during these steps.

Modern day estate tax issues continue to define century-old law

2016 is the 100th anniversary of the modern day federal estate tax. As part of the Revenue Act of 1916 signed by President Woodrow Wilson, the federal government created the tax to help fund the United States' effort in World War I. As of 2014, estate taxes accounted for $16 billion in federal revenue. Although the country is no longer involved in world wars, the estate tax continues a century later.

What are the benefits of a revocable trust?

As discussed last week in this blog, estate planning is not a one-size-fits-all process for Florida residents. Each person has different circumstances and goals, which requires the use of different estate planning strategies to accomplish these goals.