Florida Elder Law & Estate Planning Blog


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Florida Homestead Exemption Reduces Property Tax: Deadline For First-Time Filers
January 16, 2025

The Florida homestead exemption deducts a certain amount of assessed value from your primary residence, thereby reducing the property tax you owe on your home. The basic exemption can be up to $50,000. To be eligible for this year’s exemption,…

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Florida Widow/Widower Homestead Exemption Can Cut Tax Bill
November 24, 2024

Florida homeowners are entitled to a variety of homestead exemptions on their primary property. The exemptions are deducted from the assessed value of the home, thus reducing the homeowners’s annual property tax bill. The basic exemption can go as high…

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Qualified Charitable Donation
RMD’s Due? Consider a Qualified Charitable Distribution
November 19, 2024

If you are 73 or older, still need to take your required minimum distributions from your IRA for this year, and want to contribute to a charitable cause, consider taking your RMD as a qualified charitable distribution (QCD). A QCD withdrawal…

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Homestead’s Property Tax Benefits Can Be Transferred To New Home
September 22, 2023

Most Florida residents know about the homestead exemption, the state’s property tax benefit that reduces the assessed value of a primary residence. Fewer know about homestead portability. When you sell your current home and purchase a new primary residence in…

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Joe and Jon Karp on “Oh My God I’m Getting Older And So Is My Mom”
July 22, 2022

Oh My God I’m Getting Older And So Is My Mom on July 18 featured Joseph Karp and Jonathan Karp. The father-son lawyer duo had a lively discussion with host Scott Greenberg about some intriguing topics: why some people are…

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estate tax
Estate Tax and Inheritance Tax: Know The Difference
February 16, 2022

“I figured out why Uncle Sam wears such a tall hat. It comes in handy when he passes it around.”  -Soupy Sales As Soupy’s quip suggests, there are taxes for just about everything – including death. Clients doing estate planning…

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Tips To Avoid Tax Refund Delays
January 19, 2022

Tax filing season begins January 24 and ends on April 18, and the Internal Revenue Service is warning filers that this will be a “frustrating” tax season. Unfortunately, frustration is nothing new for many taxpayers. A recent briefing from the…

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biden tax proposal
Biden’s Tax Proposals And Your Estate Plan
June 26, 2021

The Biden Administration’s tax proposals have been on the minds of many of our clients.  You may be wondering if and how your estate plan will be impacted, and what you should do now to minimize your heirs’ tax liability. …

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rmd
RMD’s Return This Year, More RMD Changes On Horizon
January 13, 2021

Many of the rules governing retirement accounts have changed over the last few years. Now, more changes have arrived or are on the way. Required Minimum Distributions Return In 2021 The Coronavirus Aid, Relief and Economic Security Act, passed in…

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estate tax
Federal Estate Tax: How It May Impact You and Your Family
November 27, 2020

The federal estate and gift tax has long been the cause of confusion, due in part to frequent changes in the law over the past decades. Whether you have an estate plan in place or are just embarking on your…

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