18 January

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We’ve Moved!

The Siegel Law Group has moved and we want all of our clients to visit us at our new Boca Raton location. As we expand our practice, we need additional space to accommodate our staff and clients. The new location is very modern, light and bright so clients will feel at home. Clients will love the new location because it is conventionally located and accessible for our South Florida Estate Planning Attorneys to help our clients. Our new location opened on January 16, 2023, and we hope to see you soon. Contact us today for Peace Of Mind on your...

12 January

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[email protected]: 5 Estate Planning Documents You Must Have By Age 55 – Download Our Guide

Author Barry Siegel

in Estate Planning

5@55: 5 Estate Planning Documents You Must Have By Age 55

When you pass away, your family is left with many questions, and your Estate Plan should provide all the answers. Your Estate Plan should also lay out what happens if you suffer a debilitating injury and cannot communicate with your medical team. These are heavy topics, and many South Florida residents do not want to think about these scenarios, but you must. While these topics are challenging to discuss and plan for, they are essential for you and your loved ones. The South Florida Estate Planning Attorneys at The Siegel Law Group helps families and individuals plan their future should the...

05 January

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Jumpstart Your New Year: Estate Planning Resolutions For 2023

Author Barry Siegel

in Estate Planning

Jumpstart Your New Year: Estate Planning Resolutions For 2023

Now that 2023 has arrived, it is time to review your estate planning documents to ensure that they are in line with your current living situation. The Siegel Law Group, P.A., has five easy but important estate planning resolutions for you to follow for 2023. 1. Review And Update Your Beneficiaries Early in 2023 is the best time for you to review and update your beneficiaries. Every health, life, and other insurance policy you have should name beneficiaries in the event that you die. Other accounts that have beneficiaries listed include annuities, IRAs, 403(b)s, and 401(k)s. It is important that you review the...

27 December

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You Named A Guardian In Your Will – But Did You Name A Backup Guardian?

Author Barry Siegel

in Estate Planning

Many people take the time to name a guardian for their minor child, but they often do not think about the possibility of something happening to that guardian. While it is important to appoint a guardian for your children, it is important to have a plan in place if the guardian you have named for your child passes away before you do or cannot fulfill the role when the time comes. This is because they can no longer serve as a potential guardian, and someone else will need to step in instead. Therefore, it is highly recommended that you name...

21 December

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Year End Gifting And Estate Taxes: What You Need to Know

Author Barry Siegel

in Estate Planning

When the end of the year is approaching, many people participate in year-end gifting, generally when individuals give out important assets to their family members around the holiday season. As you plan to give some of your assets to your family and loved ones, you should remember that the government may need to know about this and could even decide to collect taxes. The good news is that most of your estate and gifts are excluded from taxation and minimize your estate’s probate costs. What Are Gift And Estate Tax? Gift and estate tax are when the federal government decides that you...

08 December

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2022 End Of Year Estate Planning Checklist: 7 Steps To Make Sure Your Estate Plan Is In Order

Author Barry Siegel

in Estate Planning

2022 End Of Year Estate Planning Checklist: 7 Steps To Make Sure Your Estate Plan Is In Order

You can’t put a price on Peace Of Mind. With 2023 just around the corner, now is the time to take inventory and review your estate plan to make sure it reflects your current circumstances and wishes. The following items on our 2022 Estate End Of Year Planning Checklist are important to review to ensure your loved ones are protected in case the unexpected happens. 2022 End Of Year Estate Planning Checklist 1. Create A List Of All Your Assets There is no other way you can begin getting your legal affairs in order without first starting with your assets. It is important...

25 November

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New IRA Contributions Effective Jan 2023

Author Barry Siegel

in Estate Planning

Ringing in 2023 can include making larger IRA or 401(k) contributions. Learning about these new contribution caps is recommended if you are a Florida resident in the midst of retirement planning or are new to making financial plans for the future. Get a head start here and some Estate Planning tips, such as working with a South Florida Estate Planning Attorney. Increased Limits If you have a 401(k), your limit increase for 2023 is $22,500. For an IRA, the new limit in 2023 is $6,500. It is also possible for individuals aged 50 and over to make “catch-up” contributions to their retirement...

18 November

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How To Prepare For The Inevitable Estate Planning Conversations During The Holidays

Author Barry Siegel

in Estate Planning

How To Prepare For The Inevitable Estate Planning Conversations During The Holidays

Whether you want to or not, inevitably conversations about Estate Planning, wills and inheritance come up during the holidays. Here are some tips to prepare for the sensitive estate planning conversations with your loved ones - parents or children - during the holidays. Discussing Estate Planning with your family is never easy. It is even more difficult during what should be a happy gathering during the holiday season. Rip The Bandage Off And Start The Convo Yourself You might be reluctant to discuss the inevitable with your parents, siblings or your own children. However, you can start the conversation yourself by ripping...

31 October

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2 Legal Documents An Adult Child Needs When They Turn 18

Author Barry Siegel

in Estate Planning

2 Legal Documents An Adult Child Needs When They Turn 18

Once your child turns 18, you and your partner are no longer legal representatives. There are two legal documents an adult child needs to make their own financial and healthcare decisions, an Advanced Directive and Power of Attorney. A South Florida Estate Planning Attorney can assist your child with these documents–learn what makes them so important. 1. Advance Directive An Advance Directive, or Advance Healthcare Directive, is a legal document detailing a college student’s preferences and wishes if, for any reason, they cannot make healthcare decisions for themselves. This legal document ensures the person's instructions are followed in the event of an acute...

17 October

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National Estate Planning Awareness Week October 17 – 23, 2022

Author Barry Siegel

in Estate Planning

National Estate Planning Awareness Week October 17 - 23, 2022

National Estate Planning Awareness Week is the week of October 17-23, 2022. It is the perfect time to review your current Estate Plan, or create one if you have yet to do so. If you do not have an Estate Plan, you are one of the 66% of people who do not have a will, according to the Caring.com 2022 survey. Check out these Estate Planning tips and debunked myths from our South Florida Estate Planning attorney so you know you are headed in the right direction. Caring.com’s 2022 Wills Survey 6 Myths and Facts About Estate Planning Be Prepared For Estate Planning...