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Monthly Archives: March 2020

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Coronavirus (COVID-19): Estate Planning During the Pandemic

By Legacy Protection, LLP |

The death toll from the COVID-disease topped over 15,000 globally, including over 400 deaths in the U.S.  As of March 22, 2020, there were more than 32,000 confirmed cases of the virus in all states across the nation. The coronavirus has disrupted our daily lives, halted business operations, and clogged the arteries of global… Read More »

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TPlanning

Irrevocable Life Insurance Trust (ILIT): What is It and What Are the Benefits?

By Legacy Protection, LLP |

When preparing an estate plan, many Floridians wonder whether it makes sense to create an Irrevocable Life Insurance Trust (ILIT). You need to understand what an ILIT is in order to know whether it is worth creating one. While an ILIT can be a critical trust planning tool, creating an Irrevocable Life Insurance Trust… Read More »

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What Happens to Gifts if Beneficiaries Pass Away Before the Testator?

By Legacy Protection, LLP |

The anti-lapse statute is a Florida law designed to address the lack of contingency planning in Wills. What happens to a gift left for a beneficiary in your will if that person predeceases you? How does Florida’s anti-lapse statute handle the gifts left for beneficiaries who have passed away? What Happens to Gifts if… Read More »

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Debunking 4 Common Estate Planning Myths in Florida

By Legacy Protection, LLP |

Are you aware of the estate planning myths prevalent in Florida?  There are plenty of misconceptions surrounding estate planning and we are here to set the record straight.  Avoiding these misconceptions is simple if you have the knowledge available. In the meantime, let’s address widespread myths surrounding estate planning in the Sunshine State. Myth… Read More »

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