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Archive for the ‘Family Entities’ Category

How to Modify a Credit Shelter Trust without Destroying Tax Benefits

Published: September 4th, 2014

Brian M. Malec

How to Modify a Credit Shelter Trust without Destroying Tax Benefits A credit shelter trust, often referred to as the “Family Trust,” helps married couples avoid estate taxes when passing assets to their heirs. Upon the death of the settlor, the spouse benefits from the trust assets and the income they generate for the remainder […]

Highlights from the 2014 Florida Legislative Session

Published: March 24th, 2014

Peter M. Dunbar Martha J. Edenfield

Dean Mead’s Government Relations, Lobbying and Administrative Law industry team are pleased to provide a summary report of the highlights from the 2014 Florida Legislative Session.  March 24, 2014 Annual Appropriations. As week 4 of the Session begins, both Houses are preparing to bring their $74 billion spending plans for the coming fiscal to the floor […]

Wandry v Commissioner: Tax Court Blesses Use of Defined Value Formula Clause

Published: May 8th, 2012

Brian M. Malec

In an extremely important taxpayer victory, the United States Tax Court issued a memorandum opinion upholding the use of a defined value formula clause to fix the value of the donor’s gift for federal gift tax purposes.  Wandry v. Commissioner, T.C. Memo 2012-88 (March 26, 2012).  This type of formula clause is intended to prevent […]

2011 Florida Legislative Update Seminar – Materials

Trust and Estate Attorney Orlando
Published: July 8th, 2011

Matthew J. Ahearn

For those of you who were unable to attend our recent seminar covering Florida’s new estate planning legislation, we have posted our materials on our website.  We hope you find them useful.

Final Regulations Regarding Extensions of Time for Pass-Through Entities to File Returns

Trust and Estate Attorney Orlando
Published: June 24th, 2011

Matthew J. Ahearn

Today, the Treasury Department and IRS issued final regulations concerning automatic extensions of time to file returns for pass-through entities (i.e., partnerships, s-corporations, trusts and estates). The regulations are effective today (June 24, 2011). Prior to 2008, pass-through entities could obtain an automatic six (6) month extension of time to file their income tax returns. […]

Florida Legislation Regarding Inherited IRAs and LLCs – Update

Published: June 1st, 2011

Brian M. Malec

Yesterday, Governor Rick Scott signed into law House Bill 253, regarding limited liability companies, and House Bill 469, regarding Inherited IRAs.  We reviewed those Bills in a post on May 4.

2011 Florida Legislative Update Seminar

Trust and Estate Attorney Orlando
Published: May 27th, 2011

Matthew J. Ahearn

We are extending an invitation to our readers to attend our seminar on Tuesday, June 21, 2011 from 11:30 a.m. to 1:30 p.m. at the Orange County Bar Association, 880 N. Orange Avenue, Orlando covering recent Florida legislation affecting estate planning.  The topics will include limited liability companies, inherited IRAs, the Florida Uniform Prudent Management of Institutional Funds Act, […]

Florida Legislation Regarding Inherited IRAs and LLCs

Published: May 4th, 2011

Brian M. Malec Lauren Y. Detzel

The following article was recently submitted to Leimberg Information Services by Lauren Detzel and Brian Malec, contributors to this blog. Leimberg Article Executive Summary: In LISI Asset Protection Planning Newsletter #173, we reported on Florida’s legislative efforts to statutorily protect inherited IRAs from the claims of creditors of a debtor beneficiary under Florida state law. […]