Show Original

Archive for the ‘Gift & GST Planning’ Category

Analysis of the Obama Administration’s Fiscal Year 2015 Revenue Proposals of Importance to Estate Planners: Part I – Transfer Tax Proposals

Published: April 1st, 2014

By: David J. Akins

The General Explanations of the Administration’s Fiscal Year 2015 Revenue Proposals released last month (the “Proposals”) contains several provisions that would affect estate planning clients.  Most of the provisions have been included in the Administration’s prior Proposals, but a couple of new provisions have been added. Part I of this post deals with transfer tax changes […]

What Does the Demise of DOMA Mean for Floridians?

Trust and Estate Attorney Orlando
Published: October 8th, 2013

By: Matthew J. Ahearn

What Does the Demise of DOMA mean for Floridians? Section 3 of the of the Defense of Marriage Act (commonly known as DOMA) amended the Dictionary Act in Title 1, Section 7 of the United States Code to define “marriage” as only a legal union between one man and one woman as husband and wife […]


Trust and Estate Attorney Orlando
Published: August 29th, 2013

By: Matthew J. Ahearn

Today, the United States Treasury Department and the Internal Revenue Service issued a very significant and consequential ruling, Revenue Ruling 2013-17, addressing tax issues arising from the recent U.S. Supreme Court decision of U.S. v. Windsor, 133 S. Ct. 2675, issued on June 26, 2013. For federal tax purposes, the IRS will now recognize all same-sex […]

2012 is the Year of the Gift Tax Return! Tips for Avoiding Common Mistakes on 2012 Gift Tax Returns

Published: April 2nd, 2013

By: Brian M. Malec

Last year was a unique year for estate planners. The estate, gift and generation-skipping transfer (GST) tax exemptions were at $5,120,000, which were (at that time) the highest levels in history. These record exemptions were scheduled to expire at midnight on December 31, 2012 and revert back to gift and estate tax exemptions of $1,000,000 […]

Paradigm Shift in Estate Planning

Trust and Estate Attorney Orlando
Published: March 15th, 2013

By: Matthew J. Ahearn

The American Taxpayer Relief Act of 2012 (ATRA) ends a tectonic shift in estate planning that began many years ago with the 2001 Bush tax cuts.  ATRA now provides every taxpayer with a $5 million estate tax exemption, adjusted annually (since 2011) for increases in the cost of living, and a top estate tax rate […]

Florida Charities, Get Ready for UPMIFA!

Published: June 15th, 2012

By: Jane Dunlap Callahan

The Florida Uniform Prudent Management of Investment Funds Act (“Florida UPMIFA”) will go into effect on July 1, 2012.  Florida UPMIFA applies to most charitable organizations and funds held for charitable purposes.  The new law has requirements for managing and investing charitable use funds other than program-related assets.  Florida UPMIFA also provides methods for charities […]