DO NOT LET ESTATE ADMINISTRATION TAX OBLIGATIONS GO UNADDRESSED

When a Floridian thinks about their estate, and the assets they may have earned or acquiesced over the years, it can be a lot to think about! That is why estate planning is perfect for getting a handle on a person's financial situation.

This is especially true if a person wants to achieve a certain goal with their estate. Some estates become property of multiple people for multiple purposes.

While this is a meaningful goal to accomplish, it needs to be approached a certain way to protect the best interests of the all involved. There are certain tax obligations that also need to be taken into consideration. If the tax implications of estate administration are not addressed, it could mean a big surprise from Uncle Sam.

No one wants to willingly pay more taxes on their estate. That is where Rignanese & Associates, PLLC, comes in. Our legal professionals make sure to cover all the bases when it comes to estate administration, and that includes tax responsibilities that can accompany the process of estate administration. For many, the goal is to minimize the tax implications that can accompany a large estate and the assets it can contain.

When beneficiaries receive portions of an estate, there can be certain specifications for what they receive, when they receive it and what it can be used for. All of these specifics can be written into the estate when it is administered. Estate administration is a process by which a person's assets are allocated in a certain way. Allocating these assets can be a process in which due care should be taken.

Please reach out to us at 141 5th Street NW, Suite 300, Winter Haven, Florida 33881 at 863.294.1114.

Established in 1991, Rignanese & Associates is available to work with clients on their legal needs.

On behalf of J. Kelly Kennedy, Attorney/CPA, PLLC, which has been acquired by Rignanese & Associates, PLLC.