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Archive for the ‘Family Entities’ Category

Tax Cuts and Jobs Acts Moves Forward in House and Senate

Trust and Estate Attorney Orlando
Published: November 20th, 2017

By: Matthew J. Ahearn

On November 16, 2017, the House of Representative passed the Tax Cuts and Jobs Act on a party-line vote (227-205), with several GOP representatives from California, New Jersey, and New York voting against the bill in part because it would reduce the deduction for state and local taxes. Later that same day, the Senate Finance Committee […]

Posted in Articles, Trusts and Estates Blog, Family Entities, Income Taxes, Estate, Gift & GST Tax, Estate, Gift & GST Planning

Senate Releases Chairman’s Mark to Tax Cuts and Jobs Act

Trust and Estate Attorney Orlando
Published: November 10th, 2017

By: Matthew J. Ahearn

On November 9, 2017, the Joint Committee on Taxation released the Description of the Chairman’s Mark of the Tax Cuts and Jobs Act (the “Chairman’s Mark”) that is scheduled for markup by the Senate Finance Committee on November 13, 2017. The Chairman’s Mark shows that the Senate’s concepts for tax legislation contain significant differences from the […]

Posted in Articles, Trusts and Estates Blog, Family Entities, Income Taxes, Estate, Gift & GST Tax, Estate, Gift & GST Planning

House Tax Cuts and Jobs Act Contains Significant Tax Changes Impacting Estate Planning

Trust and Estate Attorney Orlando
Published: November 3rd, 2017

By: Matthew J. Ahearn Brian M. Malec

On November 2, 2017, the House introduced the highly anticipated Tax Cuts and Jobs Act (“TCJA”).  If enacted in its current form, the TCJA would be the largest tax overhaul since 1986.  This Article will address certain provisions of the proposed legislation that impact estate planning. The TCJA generally maintains the current transfer tax regime […]

Posted in Articles, Trusts and Estates Blog, Family Entities, Income Taxes, Estate, Gift & GST Tax, Estate, Gift & GST Planning

Long-Awaited Proposed Regulations for Section 2704 Issued!

Published: August 2nd, 2016

By: Dana M. Apfelbaum

Section 2704 of the Internal Revenue Code provides for special rules relating to the valuation of transfers of business interests to certain family members for estate, gift, and generation-skipping transfer tax purposes (collectively the “transfer taxes”).  Practically, § 2704 limits the ability to lower the value of a business interest as determined for transfer tax […]

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Posted in Articles, Tax Law Blog, Trusts and Estates Blog, Business Succession, Gift & GST Planning, Gift & GST Tax, Family Entities, Valuation, Internal Revenue Service, Federal Taxation, Estate Tax, Estate, Gift & GST Tax, Estate, Gift & GST Planning

Dates Announced for 2015 Florida Agriculture Financial Management Conference

Published: May 29th, 2015

Orlando, Fla. – The executive committee of the Florida Agriculture Financial Management Conference (FAFMC) recently announced the dates for this year’s conference on August 27-28, 2015 at the Omni Orlando Resort at ChampionsGate. Some of the nation’s leading agricultural and economic experts will be in Orlando to address financial strategies impacting one of Florida’s top […]

Posted in Press Releases, Articles, Tax Law Blog, Trusts and Estates Blog, Asset Protection, Business Succession, Family Entities, Real Estate Tax, CPAs, Tax Planning, Estate Tax, Income Taxes, Real Estate Blog, Finance, Land Use, Agribusiness, Water Law Blog, Agriculture, Water Management Districts, CFWI, Environmental

Brian Malec on Florida’s Family Trust Company Legislation in ActionLine

Published: November 20th, 2014

By: Brian M. Malec

Brian Malec on Florida’s Family Trust Company Legislation   Brian M. Malec, attorney in our Orlando office, recently co-authored Florida Enacts Family Trust Company Legislation with Scott A. Bowman. The article was published in ActionLine; Fall 2014 edition. Brian was one of the principal authors of Florida’s Family Trust Company Legislation. Click HERE to view the article.

Posted in Articles, Trusts and Estates Blog, Estate & Trust Administrations, Estate & Trust Litigation, Gift & GST Planning, Gift & GST Tax, Family Entities, Fiduciary Income Tax, Trustees & Personal Representatives, Estate, Gift & GST Tax, Estate, Gift & GST Planning

Tax Consequences in a Will Contest: The Story of a Modern Family

Trust and Estate Attorney Orlando
Published: November 11th, 2014

By: Matthew J. Ahearn

Jay and Gloria are a wealthy, married couple.  Jay has an adult daughter from a previous marriage.  Her name is Claire.  Gloria also has a child from a previous marriage, a 12-year-old boy named Manny.  Jay and Gloria have a daughter together.  Her name is Chloe. Jay is old enough to be Gloria’s father.  The […]

Posted in Articles, Trusts and Estates Blog, Asset Protection, Business Succession, Estate & Trust Litigation, Family Entities, Post Mortem Planning, Internal Revenue Service, Income Taxes, Wills

If You Weren’t Named in the Will as You Were Told You Would Be, You May Have a Wrongful Interference Claim

Mediation
Published: September 29th, 2014

By: David P. Hathaway

A child was supposedly told by his parent that he would receive some kind of inheritance, whether money, real estate or a savings account. After the parent passed away, it was found that the child was not named in the parent’s will, and was in fact specifically omitted. Can this exclusion be challenged under Florida […]

Posted in Articles, Trusts and Estates Blog, Estate & Trust Administrations, Estate & Trust Litigation, Family Entities, Wills, Wrongful Interference