Category Archives: Estate Planning
Key Estate Planning Considerations for Family Business Owners in St. Petersburg
If you are a business owner in St. Petersburg or elsewhere in Pinellas County, it is crucial that you have a comprehensive estate plan in place. Too many family business owners fail to set up a truly effective estate plan. That can leave both their family and their company in a tough position. Here,… Read More »
Is Estate Planning Still Important If I Am Not Wealthy?
Many people do not have a will, let alone other estate planning documents. You do not need to be wealthy to need an estate plan. If you own a home, have a bank account, care for children, support a partner, or want someone specific to make decisions for you in an emergency, estate planning… Read More »
Estate Planning: What is a Step Up in Basis?
Tax planning can be an important part of estate planning. A step-up in basis is an estate planning tax rule that can allow for the adjustment of the cost basis of an inherited asset to its fair market value on the date of the original owner’s death. That could potentially eliminate capital gains tax… Read More »
Can You Grant Multiple People in Florida Your Power of Attorney (POA)
A power of attorney (POA) is one of the most important estate planning tools. It is a key part of preparing for the risk of incapacity. You may be wondering: Can you name multiple people as your agent in Florida? The short answer is “yes.” Florida law allows you to appoint more than one… Read More »
The Top Four Reasons Disputes Arise Over Wills (and How to Avoid Them)
If you are writing your will in St. Petersburg or elsewhere in Pinellas County, it is important that you get it done the right way. A sloppy or ill-drafted will can lead to serious problems, including disputes. Here, our St. Petersburg estate planning attorney highlights the top four reasons why disputes arise over wills… Read More »
Estate Planning in Florida: Best Practices for Managing Bank Accounts
Estate planning is more complicated than a lot of people realize. It is easy for seemingly small details to get overlooked. As part of your estate plan, you should develop a strategy for managing all of your bank accounts. At Fisher & Wilsey, P.A., we are focused on helping people and families achieve their… Read More »
What Documents Should I Bring to an Initial Consultation With a St. Petersburg Estate Planning Attorney
Are you preparing to meet with a lawyer in St. Petersburg to talk about your estate plan? If so, you want to make sure that you are fully prepared for that appointment. When you bring the right documents, you will be in the best position to get the most out of the consultation. In… Read More »
How a Trust Can Protect Your Assets from Nursing Home Care Costs
The cost of a nursing home can be almost unfathomably high. A private room in a nursing home in Pinellas County can run in excess of $100,000 each year. Nursing home costs can quickly eat away at a person’s life savings. The good news: There are options available to protect your assets. A trust… Read More »
Four Mistakes to Avoid When Revising an Estate Plan in Florida
Are you preparing to revise your estate plan? It is imperative that you do it the right way. Too many people make mistakes that undermine their rights and their interests. At Fisher & Wilsey, P.A., we are proud to be leaders in estate planning in Florida. Within this article, our St. Petersburg estate planning… Read More »
Why Do People Put a Life Insurance Policy in a Trust?
Life insurance is a key part of the estate plan of many people. Indeed, more than half of Americans are the beneficiary of one or more life insurance policies (CNBC). You may want to put life insurance into a trust in order to carry out your estate planning strategy. Here, our St. Petersburg estate… Read More »
