Taxes And Estate Planning
Taxes And Estate Planning Lawyer
While many people strive to leave their loved ones with the benefits of their estate after they pass away, few realize the tax implications of those estate gifts. Before you decide how to divide and distribute property from your estate to your beneficiaries and heirs, work with an experienced Miami estate tax attorney in Southern Florida who can help you plan strategically and cost-effectively for today and for your family's future.
Miami-Dade Estate Tax Attorney
At the law firm of Jorge L. Gurian, P.A., we prepare estate planning documents with consideration for your beneficiaries' and heirs' financial interests. Our clients range from individuals seeking simple wills and trusts to investors from abroad whose business and real estate investments require more complex advisory services.
Assuring heirs are not overly taxed
When an individual receives a significant amount of money or property, they are likely subject to taxes on that income. There are ways to protect your beneficiaries from this asset transfer, but you need to think strategically to make it happen.
Protecting gifted assets from liquidation
If an heir to an estate receives assets, such as a home or business, that he or she is not prepared to manage and take responsibility for, he or she may be forced to liquidate the assets. You need to assure that when your beneficiaries receive these assets, they will have the tools to maintain them after you are gone.
Common pitfalls such as assumed heir status for spouses and dependents
Many people assume that if they are married and leave their assets to their spouses, they will not be taxed. While this is true in many circumstances, there are various caveats to consider.
Special Needs, Inter Vivos, Testamentary & Pour-Over Trusts Legal Advice
Miami-Dade Trust Lawyer
If you are caring for an individual who has special needs or cannot manage the receipt of financial assets on his or her own, you may need to set up a trust to protect his or her best interests. Different types of trusts are used for different purposes, from caring for minor dependents to caring for individuals with disabilities, and choosing the right option can be a complex undertaking.
By working with an experienced Miami trust attorney, you can better understand the options available for you and your loved ones and give yourself peace of mind, knowing that the people you care about will be taken care of should anything happen to you.
Special Needs, Inter Vivos And Pour-Over Trusts Attorney
At the law firm of Jorge L. Gurian, P.A., we take pride in offering our clients options for protecting themselves and their loved ones from the unexpected. We understand the sensitive nature of these issues, and balance our compassion with stability that remains grounded in what can actually be done under the law.
Special needs trusts:
These are ideal for individuals who are leaving money or assets to a disabled individual and want to assure they do not disrupt the individual's right to receive government benefits.
This refers to a type of trust that is set up after the estate owner has passed away.
Inter vivos trusts:
Commonly called a living trust, this trust is set up while the estate owner is still alive.
These originate through a will, where the writer of the will turns over assets to a trustee upon his or her passing.
There are many advantages and disadvantages to each option as you set up a trust or deal with trust administration. We, at the law firm of Jorge L. Gurian, P.A., can walk you through the process and answer your questions personally.
Wills, Probate Litigation & Estate Administration Lawyer
Miami-Dade Probate Lawyer
When an individual is named as an estate executor or power of attorney for a loved one, he or she is taking on a great responsibility to both the individual who has passed away and the heirs of that estate. If you are managing your loved one's final affairs, you are likely to come across many confusing documents and challenging decisions.
By working with an experienced Miami probate attorney, you can better understand the probate process ahead and what you can do to make things go as smoothly as possible.
Estate Administration Attorney
The law firm of Jorge L. Gurian, P.A., works with individuals and families who are dealing with the difficult probate process after a loved one has passed away. Our skill in achieving a smooth transition for all parties involved is founded in our compassion for the situation and reliable guidance through all aspects of estate administration.
We work with estate executors, administrators, beneficiaries and heirs to handle probate issues like:
- Will contests
- Asset collection and distribution
- Collection and payment of final debts
- Collection of income
- Uncovering hidden assets or accounts
- Managing the tax implications of estate asset transfer
When you work with our law firm, you will be able to work directly with the lawyer who represents you. Jorge L. Gurian pays close attention to each of his clients' needs, helping them address issues they might not have considered through strategic planning and a fundamental interest in achieving the best outcome possible.