T. Edmund Spinks, Esq. providing legal representation in Estate Planning, Elder Law and Special Needs.
If you’re looking for personalized attention and real results, call our offices today at (813)651-1233 for a consultation.

3 Ways to Protect Your Estate from Probate Delays

Going through probate, the legal way of sorting out a person’s estate after they die, can take a lot of time and get pretty complicated. Delays in probate can tie up assets for months or even years, causing stress for beneficiaries. Fortunately, there are strategies to protect your estate from these delays, ensuring that your loved ones can access their
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Testamentary Trusts: The Best of Both Worlds

Navigating Estate Planning: Testamentary Trusts Offer a Unique Advantage When planning your estate, the array of choices can seem daunting. Some advocate for the flexibility of a revocable living trust, while others uphold the traditional will for its straightforwardness. Yet, a strategic blend of both—a testamentary trust—might just offer the perfect balance of control and protection for your assets and
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How the Corporate Transparency Act May Impact Your Estate Plan

UPDATE:  On Friday, March 1, 2024, in National Small Bus. United v. Yellen, the United States District Court for the Northern District of Alabama ruled via memorandum opinion that the Corporate Transparency Act (CTA), enacted in 2021, is unconstitutional because Congress lacks the authority to require companies to disclose personal stakeholder information to the Financial Crimes Enforcement Network (FinCEN), the
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IRS Adjustment for 2024

IRS letter and check image
The Internal Revenue Service this month announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes. Some of the important changes for estate planning include:– Estate/Gift Tax Exemption: $13,610,000, increased from $12,920,000– Gift Tax Annual Exclusion: $18,000, increased from $17,000– 37% Tax Bracket for Estates and
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What Happens to a Leased Car If the Owner Dies Before the Lease Term Ends?

Sport car with models
After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the person who leases a vehicle) to drive a more expensive car on a lower monthly payment
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Third-Party Supplemental Needs Trusts

If you want to provide for a loved one who is disabled or has special needs when you are nolonger here, care must be taken to ensure that the inheritance you leave will help rather thanharm your loved one. An inheritance received outright could negatively impact your loved one ifhe or she is currently receiving government aid or benefits or
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