After five years of maintaining a seasonal office in Southwest Florida, we are excited to announce a full-time Wheaton Wealth Partners office in Naples. Our partner, Rob O’Dell, and his family have made the decision to relocate to Florida. Rob has contributed to the third edition of The Florida Domicile Handbook: Vital Information for New Florida Residents. If you are considering Florida residency, schedule a complimentary InsightMap Preview Meeting. As a thank you, we will
The saying goes “April showers bring May flowers” however in Florida, April showers bring May lovebug season. Lovebug season occurs twice a year, May and September, and lasts about four weeks. This is when the bugs mate and can be seen attached to one another. Take a stroll through a Florida park on a hot sunny day between the hours of 10am and 6pm and you will most likely be greeted by these harmless creatures.
Summer time is quickly approaching and with Florida being a peninsula, many residents are also boat owners. If you own and operate a motorboat (or any non-motor-powered vessel longer than sixteen feet) on Florida’s public waterways, you must register it at the local county tax collector’s office. When you purchase a boat, either new or used, you have thirty days to apply for registration and title through the county tax collector’s office. During this grace
I was asked by Naples Daily News to discuss split domicile today and I wanted to share my thoughts with you all… Some prospective Florida residents feel that splitting domicile between themselves and a spouse will allow them to have the best of both worlds. While there are circumstances that could call for splitting domicile, it is generally not advisable. Most people who would like to split domicile are interested in doing so in order
Joseph and Ann Sullivan had been to an attorney who recommended that they use a grantor retained annuity trust to reduce their estate in order to pass a valuable piece of income-producing commercial real estate to their daughter, Becka. They were hesitant about the attorney’s plan because, if they died during the term of the trust, the trust would terminate. The property would be back in their estates and they would not accomplish their goal.