Irrevocable and revocable trusts are taxed differently, which makes sense since they are different entities. An irrevocable trust is a trust that “cannot be modified, amended or terminated without the permission of the grantor's named beneficiary or beneficiaries.” In contrast, as indicated in our previous blog, a grantor in a revocable trust can alter or [...]
Today Principal Law departs from the usual custom of writing about the latest legal news to bring you information about the upcoming Memorial Day holiday in the U.SA. The three day Memorial Day Holiday is a time when we will see happy crowds of family and friends celebrating the arrival of the first official weekend [...]
In a sense, choosing your trustee is one of the first and best advantages of establishing a revocable trust. When you choose a trustee, you watch him or her administer your estate while you are living, lucid and in control of the situation. Making the Right Decision about a Trustee for your Revocable Living Trust [...]
As promised, Principal Law delves deeper into the mystery of legal arrangements you must consider if you are planning your estate. First, however, let us remind you that research on the internet is no substitute for a consultation with a lawyer. Legal articles can only introduce you to the concepts behind the law. To obtain [...]
Estate Planning is not on any individual’s or couple’s list for date night or fun activities. And yet planning your estate is crucial to your life, no matter what your age or financial status. At Principal Law, we believe the process of estate planning is like creating a love letter to the family and friends [...]
Secrets of Life: We believe this is a wonderful time of year to make a certain visit to your attorney. And you can discover some of the secrets of what we delicately call “Estate Planning.” Contrary to popular belief, this is not a law visit that is just meant for the Kardashians. Principal Law believes [...]
Spring brings us all a reason to pause. Gary Zukav wrote, “The spring wakes us, nurtures us and revitalizes us. An Authentic Message of Thanks Fly Your Way! How often does your spring come?” This seems to refer to a seasonal time [...]
A Title Search involves a buyer, a seller and a title company or real estate attorney. Real estate law in Florida mandates you must conduct a title search before you can close a deal on a house if you want title insurance to protect you. It’s a paper chase that involves very little paper because [...]
Will homeowners of the future lose the American Dream due to the new laws of the Tax Cuts and Jobs Act? Homeowners and potential homeowners, take heart. There's still plenty of luster on that American dream. Here at Principal Law, we opened the topic of the effects of the new Tax Cuts and Jobs Act [...]
Tax Law and how they will affect homeowners and new home buyers is definitely a hot topic right now. The new tax laws provide a perfect on two of our major practice areas here at Principal Law: Real Estate and Business Law. Welcome To Principal Law Firm, P.L. As 2018 moves through winter into [...]
