Free Consultation 813-421-0190 813-421-0190

Longa Law Firm, P.A. - Blog

Blog

Recent Blog Posts

TAX UPDATE & EXTENSION

As of Friday, March 20th, the deadline to file tax returns has been extended to July 15th to file or pay 2019 income taxes (up to $1 million). During this time, filers will not incur interest on unpaid taxes or be subject to tax filing penalties. Taxpayers tend to procrastinate and wait to prepare their Read More

TRUST BASICS: HOW DO YOU ESTABLISH A TRUST?

Trust law is state specific, and Florida Statutes Section 736.0402(1) provides certain basic requirements to establish a trust: The settlor has capacity to create a trust. The settlor indicates an intent to create the trust. The trust has a definite beneficiary or is: A charitable trust; A trust for the care of an animal, as Read More

TRUST BASICS: HOW MANY WITNESSES ARE NEEDED FOR A TRUST?

A Trust is essentially an agreement between the Grantor (sometimes called the Trustor) and the Trustees, who maintain the Trust in accordance with its terms.  I tell clients to think of a Trust as a private treasure chest or safe deposit box for assets.  Trust law is state specific, so in Florida, the Florida Trust Read More

The SECURE Act – What You Need to Know

Last week I gave a presentation to a room of thirty folks at the Hale Senior Activity Center in Dunedin, Florida, and not a single person in the room knew what the SECURE Act is. Here is a brief look at the SECURE Act and who it effects. The SECURE Act took effect on January Read More

3 Tips to Prevent Exploitation with a Florida Power of Attorney

A power of attorney is a legal document delegating authority from one person to another. The maker of the power of attorney is called the “principal.” In the document, the principal grants the right to act on the maker’s behalf as that person’s agent. What authority is granted depends on the specific language of the Read More

10 Tips for Guardians of Older Adults

In my practice, I often help people make decisions for themselves about who will make decisions for them if they are incapacitated.  This is an important part of estate planning and can avoid formal guardianship proceedings.  Regardless, sometimes there is no other alternative for caregivers of older adults with capacity issues than to seek a Read More

Power-of-attorney has the power to be abused in Florida

A broad power of attorney is one of the most dangerous documents a person can sign. Here’s a cautionary tale of elder exploitation written by Kathryn Varn for the Tampa Bay Times. The lesson to be learned: have an estate planning lawyer draft a narrow power of attorney for you and discuss with your attorney who might Read More

SECURE Act New IRA Rules: Change Your Estate Plan – Forbes

It’s time to update your will or trust, if your estate includes IRAs and certain retirement benefits! The new SECURE Act and its IRA rule changes may make your current will or trust designations invalid or obsolete.  This article from Forbes sheds some light on the new law:  https://www.forbes.com/sites/martinshenkman/2019/12/25/secure-act-new-ira-rules-change-your-estate-plan/

What Happens to Your Website and Other Digital Assets When You Die?

This is an important question tackled by Lifehacker contributor Michael Franco in the linked article below. I ensure that every will and estate plan I create covers all of your digital assets, not just domains.  If you have questions about how to pass on your digital rights, call me or send me an email. What Happens Read More

Avoiding Probate Through Joint Ownership and the Exemption on Deeds Between Spouses

One way to avoid probate is through certain types of joint ownership or joint tenancy.  When a married couple buys a property, they own it as a tenancy by the entirety, and the property will automatically pass to the surviving spouse without probate.  Florida law was updated last year to allow for the exemption of Read More