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How Do Recent Tax Law Changes Impact Grantor Retained Annuity Trusts?

Estate planning often involves sophisticated tools to transfer wealth efficiently, minimize estate taxes, and make sure that assets pass on according to the wishes of the individual (or grantor). One of the most popular vehicles for achieving these goals is a grantor retained annuity trust (GRAT).

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What Makes Family Limited Partnerships Effective for Generational Wealth Transfer?

As an estate planning attorney at Eric H. Light, P.A. in Boca Raton, Florida, I often emphasize the importance of effective wealth transfer strategies for families looking to preserve their legacy.

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Essential Asset Protection Strategies for Medical Professionals and Business Owners

Asset protection is a critical topic for medical professionals and business owners. The risks associated with lawsuits, creditors, and other financial threats make it essential to develop a solid strategy to safeguard your wealth.

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When Should You Consider a Qualified Personal Residence Trust for Your Home?

Estate planning is all about securing your legacy while protecting your loved ones from unnecessary financial burdens. While the concept of estate planning can seem overwhelming and complicated, I, Eric H. Light, PA, have the experience to guide you through the several options you have.

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Comparing Revocable and Irrevocable Life Insurance Trusts

I’m Eric H. Light, P.A., and my office is in Boca Raton, Florida. I strive to guide clients through important estate planning decisions, including understanding the differences between revocable and irrevocable life insurance trusts.

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Properties That Are Commonly Held in Trust

In estate planning, creating a trust can be a powerful tool for managing and protecting assets, confirming that your property is distributed according to your wishes, and minimizing taxes.

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Prenups and Your Estate Plan

Getting married isn’t just a change in your status—it’s also a change in how the law treats the ownership of your assets. Drafting a prenuptial agreement, which is commonly referred to as a “prenup,” is an effective way to protect your wealth in the event of separation or divorce.

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Do I Need a Will?

As an estate planning attorney with years of experience, I've encountered numerous individuals who are unsure whether they need a will. The question often arises during significant life events—marriage, the birth of a child, or the purchase of a home—when people start thinking about the future and what might happen to their assets.

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What Happens if You Die Without a Will?

A will is a critical document that specifies your wishes regarding the distribution of your assets, guardianship of minor children, and many other important matters. Without a will, you leave these critical decisions up to the state, the results of which may not align with your desires.

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Setting Up a Trust

Setting up a trust is one of the most effective strategies for protecting your family's future and ensuring that your estate is handled according to your wishes.

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