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Monthly Archives: September 2021

elderly couple discussing about domicile and estate planning

Defining Domicile For Florida Estate Planning Purposes

By Nici Law Firm, P.L. |

The words ‘residence’ and ‘domicile’ are often used interchangeably. However, they have two different meanings, at least in the legal sense. One can have many residences, but only one legal domicile, because where a person has their domicile affects many different legal questions, particularly in the realm of tax law. From an estate planning… Read More »

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book with gravel and scale of justice

Brand New Community Property Trust Law In Florida

By Nici Law Firm, P.L. |

In July 2021, Florida’s new Community Property Trust Act (CPTA) became law, along with another act signed on the same day, the Florida Uniform Directed Trust Act (FUDTA). The CPTA is seen as a potential boon to married couples, particularly those with the same creditors, that may operate to save significant amounts in taxes…. Read More »

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older couple with their RV trailer

Florida Domicile For Full-Time RVers

By Nici Law Firm, P.L. |

In this tumultuous age, more and more people are choosing to live somewhat outside the box. More and more couples are selling all they have, packing up the kids and pets, and starting to live on the road, usually in a recreational vehicle (RV). However, few people can truly go “off the grid” –… Read More »

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estate planning written in a sheet of paper

Will Vs. Living Trust: Which Is Best For You?

By Nici Law Firm, P.L. |

When you are looking to plan your estate, many people’s natural inclination is to stick with a simple will, thinking it will be sufficient to dispose of your assets. Very often, they are correct – but not always. In addition, there are options for estate planning that can offer more flexibility in terms of… Read More »

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