Estate Planning for Pensacola's Boating Community
In the sea-loving city of Pensacola, many locals and tourists enjoy the freedom and leisure of boating. But have you considered how your love for the high seas fits into your estate planning? As a law firm with a deep understanding of Pensacola's maritime lifestyle and Florida's estate laws , Boyles & Boyles can help you chart the course for safe sailing ahead. Quick Tips: Understand the value of your marine assets. Include your marine assets in your estate plan. Plan for the transfer or sale of marine assets. Consider tax implications. Seek legal advice for complex maritime estate planning. Understanding the Value of Your Marine Assets Boats, yachts, and other marine assets often hold significant value. It's crucial to accurately evaluate these assets for estate planning. Knowing their worth can help you make informed decisions about your estate. Factors to consider include: The market value of the boats or yachts. Cost of...