Legal Question in Wills and Trusts in Florida
What should be done with my 90 year old mothers money now to avoid paying taxes when she passes. Should she have someone else's name on her bank accounts?
Asked on 2/23/14, 6:24 am
3 Answers from Attorneys
Joseph Pippen
Law Office of Joseph Pippen & Associates
No-that would create new ownership and laibility problems.
She can leave 5.3 million tax free.
Answered on 2/23/14, 7:22 am
Barry Stein
De Cardenas, Freixas, Stein & Zachary
Impossible to give you life planning advice in this forum. Seek some legal help on planning for her passing with her.
Answered on 2/23/14, 7:44 am
David Slater
David P. Slater, Esq.
There are no estate taxes unless estate over 5.3 mill. A probate of her estate will be required unless all assets are held "jointly, with right of survivorship".
Answered on 2/23/14, 8:59 am
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