Recent changes in the tax laws have drastically reduced the need for tax planning for estates. One can now leave in excess of $11,000,000 to beneficiaries without having to pay estate taxes on a Federal level (Florida does not have an estate tax). In the case of a married couple, with proper planning, that amount can be doubled to over $22,000,000.
There is a common misperception that trusts are used only for tax planning. Trusts are used to help avoid probate and guardianship issues regardless of the need for estate tax planning. Our office is able to provide appropriate advice as to whether tax planning is necessary and how to incorporate same into an estate plan.