All Living Trusts and Estate Plans should be reviewed in light of President Trump's new tax laws. The increase in the exemption to $11.2 million per person will simplify estate planning in the future. Complicated tax planning, filing tax returns and accountings for credit shelter trusts should be eliminated and brought up to date to reflect the new tax laws.
Many people put off developing an estate plan until it is too late. Seven out of 10 Florida residents die without a valid will. In the event of incapacity, your family may be forced to pursue a guardianship which is expensive and time-consuming. Without an appropriate plan in place, one's assets will be subject to probate and vulnerable to taxes and fees that can diminish their estate's value.
Many people put off developing an estate plan until it is too late. Seven out of 10 Florida residents die without a valid will. In the event of incapacity, your family may be forced to pursue a guardianship which is expensive and time-consuming. Without an appropriate plan in place, one's assets will be subject to probate and vulnerable to taxes and fees that can diminish their estate's value.
Services
Craig Donoff, P.A., is a law firm dedicated to offering the highest quality legal and estate planning services at affordable rates. Based in Boca Raton, our firm has been recognized as the leader in providing education about estate planning. The lawyers of Craig Donoff, P.A., are recognized experts on the revocable living trust in the Sun Sentinel, Miami Herald and SeniorWorld newspapers.
Administering an estate through probate is a long and involved process governed by Florida statutes. Probate is expensive and time-consuming. The average length of time to administer an estate is one to two years. Administrators are tasked with a wide variety of duties, from balancing the deceased's checkbook to paying any outstanding taxes and debts.
For more than four decades, the lawyers at the Law Offices of Craig Donoff, P.A., have helped their clients prevent their estates from entering probate. We know how to leverage a wide array of estate planning tools to achieve this - chief among them, living trusts. These documents largely exist to ensure you have the power of determining who gets what - and when - after you pass away.
Probate refers to the process of gathering the assets of a deceased individual and distributing them appropriately among heirs and creditors. It is supervised by the courts, in part to ensure that taxes and other fees owed to the government are properly paid. Given the financial interests at play, it is common for legal disputes to arise during probate.
An experienced lawyer can help an executor through every step of the probate process, from conducting an estate's inventory to distributing its assets. Your attorney will need a fair amount of information in order to best assist you. To reduce the costs of probate and facilitate the process more quickly, it is important to be prepared.
Reviews (10)
John Catalano
Aug 25, 2021
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John Kamamis
May 02, 2021
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Ann Watkins
Feb 18, 2021
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Mike Sycle
Feb 07, 2021
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John Berger
Oct 30, 2019
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Roby T.
Dec 12, 2018
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I recently met with Lindsey Silverman from the Law Offices of Craig Donoff. Her knowledge was so reassuring supported by a demeanor that made what was a highly stressful legal situation to encouragement. Having dealt with numerous a great deal of attorneys over the years Lindsey was a breath of fresh air and I would highly recommend her for any estate planning or probate needs.
Edward Harold
Nov 17, 2018
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Josiah Bruce
Sep 07, 2018
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Frank Wool
Jun 01, 2018
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Eric G. Vizcaino
May 07, 2018
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I recently had my estate planning documents prepared by Mr. Donoff and I must say that I was quite impressed. Mr. Donoff is obviously a well-seasoned attorney that actually specializes in probate and estate planning. This all being said, I would highly recommend the Law Offices of Craig Donoff to anyone that is in need of a probate or estate planning attorney.
