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Estate Planning

: Florida Estate Planning Lawyer Blog

FDIC Insurance $250,000 is only Temporary

By David M. Goldman

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money.jpgThe Emergency Economic Stabilization Act of 2008 temporarily raises the basic limit on federal deposit insurance coverage (FDIC) from $100,000 to $250,000 per depositor. WARNING the basic deposit insurance limit will return to $100,000 after December 31, 2009.

The rise in insurance coverage applies to most trust accounts with no more than five beneficiaries.

Some benefits of establishing a Florida Revocable Trust include of avoiding probate, transfer upon death of property,reduced taxes, and privacy.

A Florida elder law attorney or Jacksonville Estate Planning Lawyer can help you determine whether your trust accounts are adequately insured or tell you whether your situation merits setting up a trust.

To discuss ways to reduce your estate taxes, avoid probate, and make the transfer of assets upon your death easy for your family and friends Contact a Jacksonville Estate Planning Attorney

Full post as published by Florida Estate Planning Lawyer Blog on November 25, 2008 (boomark / email).

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