Estate Planning & Corporate Attorney Joseph Boyles, Esq.

As an integral part of Pensacola, our military families bring unique dynamics to estate planning. At Boyles & Boyles , we're committed to providing tailored estate planning services that acknowledge and respect these unique aspects. Our discussion will touch upon the following: Understanding Military Benefits and Their Impact on Estate Planning Importance of a Will for Military Personnel The Role of Trusts in Military Estate Planning Children and Dependents in Military Estate Planning Military Pensions and Survivor Benefits Consideration Estate Taxes Implications for Military Families Special Provisions for Deployed Military Personnel   These subtopics are crucial when formulating a comprehensive estate plan for our military families. Understanding Military Benefits and Their Impact on Estate Planning Military benefits such as healthcare, retirement benefits, and insurance options significantly impact estate planning...

  Summary: Importance of estate planning : Estate planning in Pensacola is essential for ensuring the proper distribution of assets and minimizing potential conflicts among beneficiaries after a person's death. Legal instruments : Wills, trusts, powers of attorney, and advance healthcare directives are standard legal tools used in estate planning to establish one's wishes and provide for a smooth transfer of assets. Probate process : Probate is the court-supervised process of administering an estate, and understanding its complexities can help individuals prepare for it and potentially avoid unnecessary delays or expenses. Professional assistance : Consulting with a knowledgeable Pensacola estate attorney is critical to creating an effective estate plan tailored to an individual's unique circumstances and objectives. Regular updates : It is essential to review and update one's estate plan ...

  Summary: Estate tax basics : Estate taxes are imposed on the transfer of property after someone's death, with federal and Florida-specific rules governing the rates and exemptions. Federal estate tax exemption : In 2023, the federal estate tax exemption is $12.06 million per person, meaning estates under this value will not owe federal estate tax. Portability of federal exemption : Married couples can effectively double their exemption by using portability, which allows the surviving spouse to use any unused portion of the deceased spouse's exemption. Florida estate tax : Florida has no state-level estate tax, so residents only need to be concerned with federal estate tax implications. Estate planning strategies : Utilize estate planning tools such as trusts, gifting, and charitable donations to minimize estate tax liability and maximize the inheritance passed on to beneficiaries. Introductio...

  Summary: Guardianship focuses on personal and healthcare decisions, while conservatorship deals with financial management. The court appoints a guardian for an incapacitated person and a conservator for a vulnerable individual who cannot manage their finances. The same person can serve as both guardian and conservator or the court may appoint separate individuals. Establishing guardianship or conservatorship in Pensacola involves filing a petition with the local circuit court. Working with an experienced Pensacola estate attorney is essential for navigating the legal process and ensuring the protected person's best interests are upheld.   A Brief Guide to Guardianship and Conservatorship In Pensacola, as in other parts of Florida, the need for proper estate planning is crucial to ensure the well-being of vulnerable individuals. Two key legal arrangements, guardianship, and conservatorship, help protect...