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Summer 2011

Are Family Trust Companies (FTC) in Florida’s Future?

Published: April 11th, 2011

By: Brian M. Malec

In Fall 2008, I had the opportunity to join an ad hoc subcommittee comprised of members of the Tax and Real Property, Probate and Trust Law Sections of the Florida Bar to prepare and submit comments to the IRS in response to a proposed Revenue Procedure contained in IRS Notice 2008-63, which addressed the income, estate, gift and GST tax consequences of Private Trust Companies (also known as “Family Trust Companies” or FTCs). After submitting comments, the subcommittee extensively studied the existing legislation of other states which currently have statutes authorizing the formation and operation of FTCs. Members of the Business Law Section and Florida Bankers Association were added to the subcommittee along the way. Given the benefits offered by FTCs, the subcommittee concluded that Florida should pursue similar legislation.

Backpack Project 2011

Published: July 8th, 2011

It’s that time of year again! The Backpack Project is an annual fundraiser to provide school supplies for the students of Rock Lake Elementary School in Orange County. All money raised will go directly towards supplies for the students.

Effects of Tax Rate Changes After Extension to Bush Tax Cuts End

Published: April 21st, 2011

By: Stephen R. Looney

Editor’s Note: This article was published in the January/ February 2011 edition of Business Entities. The article is authored by Stephen R. Looney, Shareholder and Chair of the Tax Department at Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth, P.A.

Greg Lawrence Nationally Recognized for Superior Client Service

Published: April 12th, 2011

The BTI Consulting Group (Wellesley, Massachusetts) has named Greg Lawrence as a “BTI Client Service All-Star” for 2011. Mr. Lawrence is the only real estate attorney in Florida, and one of only four lawyers in the state, to be named among this exclusive group.

Jane Callahan Wins 2011 Pro Bono Award

Published: July 8th, 2011

Jane Callahan, a shareholder in Dean Mead’s Tax Department, was selected as a recipient of this year’s Pro Bono Project Award of Excellence for her work in the Tax Clinic Project by the Board of Trustees of the Legal Aid Society of the Orange County Bar Association. She prepared individual tax returns for lower income taxpayers in central Florida.

President’s Message

Published: July 8th, 2011

By: Michael D. Minton

Florida’s economy has endured the longest outgoing tide (metaphorically) of economic activity since the post-land boom era of the 1920’s and the Great Depression that ensued. Now that the 2011 Florida Legislative session has concluded, we are witnessing sweeping changes that will alter the course of doing business in Florida and create new opportunities for those that keep current with these changes. Perhaps we are seeing the ebbing of the outgoing tide and the acknowledgment by government that its actions or inactions have a profound effect upon performance of our economy.