Law Office of Mary King, P.L.

Dealing with tax issues can be overwhelming and stressful. Whether you’re facing problems with the IRS, struggling with tax debt , or need help with estate planning , hiring a tax lawyer in Sarasota can make a huge difference. In this article, we will explain why hiring a tax lawyer is essential and how their expertise can help you avoid costly mistakes and get the right legal support. Why You Need a Tax Lawyer in Sarasota Expertise in Handling Tax Problems The IRS has complex rules that can be hard to navigate without expert help. A tax lawyer in Sarasota has the knowledge and experience needed to handle difficult tax problems . Whether you are facing an IRS audit , have received IRS notices , or are worried about tax penalties , a tax lawyer can guide you through these tough situations. For example, imagine you are audited by the IRS and are unsure how to respond. A tax lawyer can represent you during the audit and ensure that everything is handled correctly, helping to mini...

  Florida, famous for its beautiful beaches and sunshine, is also home to unique tax laws, especially when it comes to inheritance. If you’re a resident of the Sunshine State or set to inherit assets in Florida, it’s important to familiarize yourself with the state's inheritance tax rules to avoid surprises down the road. With proper planning, you can help ensure your beneficiaries are spared from significant tax burdens. In this blog, we’ll dive into how inheritance tax works (or rather doesn’t work) in Florida, what exemptions exist, and the best strategies for planning your estate in a way that benefits your heirs. Does Florida Have Inheritance Tax? The quick answer: No, Florida does not have an inheritance tax. Unlike many other states, Florida does not impose a tax on the property or money that beneficiaries inherit. However, this doesn't mean you’re free from all taxes. While Florida’s tax laws may not impose an inheritance tax, the state does levy estate taxes under spec...

  Losing a loved one is tough enough — dealing with the legal complexities of probate can make it even harder. Probate is the court-supervised process of settling your estate, ensuring assets are distributed according to your wishes, and resolving disputes where necessary. In Florida, probate can be especially tricky, with strict deadlines, documentation requirements, and potential legal challenges. That’s why hiring a knowledgeable probate attorney in Sarasota, Florida, isn’t just helpful — it’s critical. They bring local expertise, legal expertise, and compassionate guidance to what can otherwise be a stressful and confusing time. What Does a Probate Attorney Do? A probate attorney helps ensure the estate process runs smoothly. Here’s how they support you every step of the way: Filing the will with the correct county court Submitting a Petition for Administration to start probate Guiding appointment of the Personal Representative , or executor Validating the will’s...

  If you’re facing overwhelming tax debt, you're not alone—and more importantly, you're not without options. The IRS Debt Forgiveness Program may offer the relief you need to regain financial control. This initiative is designed to help eligible taxpayers reduce or eliminate their IRS debt and avoid aggressive collection actions. Let’s explore how the IRS Debt Forgiveness Program works in 2024, who qualifies, and how to get started. What Is the IRS Debt Forgiveness Program? Also known as the IRS Fresh Start Initiative , the IRS Debt Forgiveness Program was created to support taxpayers experiencing financial hardship. The program offers multiple relief options, such as: Offers in Compromise Installment Agreements Penalty Relief Currently Not Collectible (CNC) status The goal? To give taxpayers a reasonable and manageable way to address their tax obligations without falling deeper into financial distress. Do You Qualify for Tax Debt Relief? Not everyone qualifies f...

  When planning for the future, protecting your assets and ensuring they’re passed on according to your wishes is crucial. One of the most effective tools to do this is a trust fund . While often associated with the wealthy, trust funds are increasingly used by everyday individuals to simplify estate planning, avoid probate, and provide long-term support for loved ones. So, what exactly is a trust fund, and how does it work? Let’s break it all down in this complete guide. What Is a Trust Fund? A trust fund is a legal entity that holds and manages assets—such as money, real estate, or investments—on behalf of someone else. It involves three main parties: Grantor : The person who creates the trust and places assets into it. Trustee : The individual or institution responsible for managing the trust. Beneficiary : The person or people who will benefit from the trust. The grantor sets the rules for how the assets are managed and distributed. The trustee then follows those ins...

  Taxes, estate planning, and legal documents like wills and powers of attorney aren’t just paperwork—they’re critical to protecting your finances, your legacy, and your peace of mind. Whether you’ve received a notice from the IRS, need to structure your estate, or want to ensure your family is cared for if something happens to you, the Law Office of Mary E. King, P.L. offers trusted legal solutions for Florida residents . From tax matters and probate to wills, trusts, and powers of attorney, Mary E. King provides the guidance you need to plan ahead and resolve complex legal issues with confidence. Why You Need Tax and Estate Planning Support—Before There’s a Crisis Many people wait until something goes wrong to consult a lawyer. But waiting can often make things worse—or more expensive. Proactive legal planning helps you: Resolve IRS problems before they escalate Decide how your property and assets are handled Appoint someone to manage your health or finances in an emergen...