What is involved with starting a charity?

So, you are thinking about creating a new charity, also known as a tax exempt organization. There are several things you should keep in mind. The process to start a new charity that is recognized by the Internal Revenue Service…

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Pros and Cons of Naming Multiple Fiduciaries

The phrase “checks and balances” might bring to mind the Founding Fathers, or memories from your middle school Social Studies class. However, a “checks and balances” system can also be considered with respect to estate planning. Naming multiple individuals to…

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HELOCs and Home Equity Loans: The tax deduction may be curtailed. What does this mean for homeowners?

​By Revis, Hervas & Goldberg P.A.On January 1, 2018, a new tax reform law became effective. It will affect the ability of many homeowners to deduct mortgage debt interest on their future tax returns.HELOC vs. Home Equity LoanA HELOC, or…

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Happy New Year!

​By Revis, Hervas & Goldberg P.A.We hope that all of our clients and friends had a joyous holiday and were able to enjoy time with friends and family.With the beginning of a new year, it is important to take some…

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Are your children protected in case of a medical emergency?

​By Revis, Hervas & Goldberg P.A.Florida’s medical consent laws were designed to protect patients from receiving medical treatment they do not want, and to protect doctors and hospitals who must sometimes make split-second decisions during medical emergencies. However, an untoward…

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My family member died and had been leasing a safe-deposit box. How do I get whatever is in the safe-deposit box?

​By Revis, Hervas & Goldberg P.A.A safe-deposit box can be a very useful tool. If you are someone who has expensive jewelry or collectibles, such as rare comic books, a safe-deposit box can help protect these assets. But, what happens…

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When I die, will there be anything left for my family after the government takes estate taxes?

​By Revis, Hervas & Goldberg P.A.The good news is that most individuals do not die with a taxable estate, and therefore do not owe estate taxes to the federal government when they pass away.The federal estate tax is a tax…

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What is a Power of Attorney?

​By Revis, Hervas & Goldberg P.A.A Power of Attorney is a powerful instrument. It empowers an “agent” or “agents” to serve as an attorney-in-fact on behalf of the “principal”. Under Florida law, any person 18 years of age or older,…

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How can I easily provide for my beneficiaries upon my death, at no cost to me now, and avoid probate in the future?

​By Revis, Hervas & Goldberg P.A.Individuals often ask us how they can transfer their assets to their families, quickly and easily, without the costs and hassles of going through the probate system. (We have previously discussed the benefits of “Lady…

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What is a good way to transfer my home to my children upon my death, without my children having to go through probate?

​By Revis, Hervas & Goldberg P.A.Most recorded real estate deeds are irrevocable. There is, however, one kind of deed that is revocable – the enhanced life estate deed, or more commonly known as the “Lady Bird Deed.”The traditional life estate…

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My Child Is Receiving Government Aid. Should That Affect My Estate Planning?

​By Revis, Hervas & Goldberg P.A.There are many individuals who receive public benefits from the State and Federal government, such as medical assistance through Medicaid. Without proper estate planning, a death in the family could cause those individuals to lose…

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What is a Living Will and Should I Have One?

​By Revis, Hervas & Goldberg P.A.A Living Will is an integral part of an estate plan, even though it has nothing to do with distributing assets or probate. Medical science has advanced so far that doctors sometimes can keep people…

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What is a Last Will and Testament?

​By Revis, Hervas & Goldberg P.A.A Last Will and Testament is an instrument which governs the disposition of a decedent’s property after death. A Will should also designate a Personal Representative to administer the estate. Where applicable, the Will should…

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