Estate Planning & Corporate Attorney Joseph Boyles, Esq.

  Florida's Estate Tax Laws can be challenging. At Boyles & Boyles , we assist with effective estate planning strategies tailored for Pensacola residents. Key Points: Learn about Florida's estate tax laws. Get to know estate tax exemptions. Understand gift tax implications. Be informed about Florida's intestacy laws. Recognize the benefits of trusts. Understand the probate process in Florida. Learn how Boyles & Boyles can help.   Overview of Florida's Estate Tax Laws Like many other states, Florida doesn't levy an estate tax, despite the federal estate tax imposed at the national level. However, estate planning is crucial to ensure your assets are managed per your wishes after your demise. Estate Tax Exemptions: What You Need to Know While there isn't a Florida estate tax, there are federal estate tax exemptions that Pensacola residents should be aware of. Understanding these exemptions can help in effective e...

  Key Points: What probate is and when it's necessary Familiarize yourself with the probate process Know the types of probate proceedings in Florida Understand the role of an executor Be aware of probate and non-probate assets Understand the timeline of a probate case Know the importance of professional legal help   The passing of a loved one is an emotional time, often accompanied by the need to settle their estate through a process called probate . As a Pensacola Estate Law Firm, Boyles & Boyles , we understand the complexities and the emotional toll it can take. Let's help you understand probate in the Pensacola area. Probate: The Basics and Its Necessity Probate is a legal process where a deceased person's estate is administered and distributed under court supervision. It involves validating the deceased's will, appointing a personal representative (also known as an executor), identifying and inventorying the deceased's property, pay...

  Summary: A trust can provide more control over the distribution of assets A trust can avoid probate and keep estate matters private A trust can provide tax benefits A will is more straightforward and less expensive to create Both a trust and a will can be essential estate planning tools depending on your circumstances   Estate planning is essential to managing your assets and ensuring your loved ones are provided for after you're gone. Two common estate planning tools are trusts and wills. In this article, we'll explore the benefits of a trust vs. a will in Pensacola and help you choose the right estate planning tool for your needs. Understanding Trusts and Wills A trust is a legal entity that holds assets for the benefit of beneficiaries. At the same time, a will is a legal document that outlines your wishes to distribute your assets after your death. A trust and a will can be essential estate planning tools, but they funct...