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Archive for the ‘Gift & GST Tax’ Category

2018 Inflation Adjusted Transfer Tax Exclusions and Exemptions

Trust and Estate Attorney Orlando
Published: October 26th, 2017

By: Matthew J. Ahearn

On October 19, 2017, the IRS published in Rev. Proc. 2017-58 inflation adjusted exemptions and exclusions from the Federal gift, estate and generation-skipping transfer taxes, which are summarized in the following table: Inflation Adjustments for Federal Transfer Tax Exclusions and Exemptions 2017 2018 Gift Tax Annual Exclusion $14,000 $15,000 Estate and Gift Tax Lifetime Exemption […]

Posted in Articles, Estate, Gift & GST Planning, Estate, Gift & GST Tax, Gift & GST Planning, Gift & GST Tax, Trusts and Estates Blog

IRS Attack on Valuation Discounts Creates Urgency for Transfer Tax Planning Prior to Year-End

Trust and Estate Attorney Orlando
Published: August 23rd, 2016

By: Brian M. Malec Matthew J. Ahearn

On August 2, 2016, the IRS issued proposed regulations under Code section 2704 that, if finalized in their current form, will effectively eliminate any meaningful valuation discounts for transfers of interests in family-controlled entities between family members. The issuance of these proposed regulations is one of the most important developments for high net worth families […]

Posted in Articles, Asset Protection, Business Succession, Estate & Trust Administrations, Estate & Trust Litigation, Estate Tax Return, Estate, Gift & GST Planning, Estate, Gift & GST Tax, Gift & GST Planning, Gift & GST Tax, Trusts and Estates Blog, Valuation

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

“Pitfalls and Traps to Avoid in Estate Planning” – Seminar on Nov. 5th

Trust and Estate Attorney Orlando
Published: October 8th, 2015

By: David J. Akins Lauren Y. Detzel Brian M. Malec Matthew J. Ahearn

Please Join Us on Thursday, Nov. 5th for a Seminar at the Orange County Bar Assn. Top 10 (or so) Mistakes We See in Estate Planning – and Tips to Avoid Them! There are a variety of pitfalls, traps and missteps that practitioners and clients can make during the estate planning and administration process, any of […]

Posted in Articles, Estate & Trust Administrations, Estate, Gift & GST Tax, Events, Gift & GST Tax, Homestead, Life Insurance, Retirement Plans, Trusts and Estates Blog

Improvements Made to Florida’s Estate Tax Apportionment Statute in ActionLine

Published: July 29th, 2015

By: David J. Akins

David J. Akins recently co-authored the article titled; Improvements Made to Florida’s Estate Tax Apportionment Statute which was published originally in the Florida Bar RPPTL Section’s ActionLine, Summer 2015 issue. The article may be viewed in its entirety HERE.   David J. Akins is a shareholder in the Orlando office of the Dean Mead law firm. He received […]

Posted in Articles, Estate & Trust Litigation, Estate, Gift & GST Planning, Estate, Gift & GST Tax, Gift & GST Planning, Gift & GST Tax, Homestead, Trusts and Estates Blog

Dean Mead Welcomes Michelle Naberhaus: Probate, Trust and Guardianship Litigator

Published: May 11th, 2015

VIERA, Fla. – (May 11, 2015) – Dean Mead, a business law firm with five offices across Florida, announced that Michelle L. Naberhaus has joined its Brevard County office as Of Counsel in the Estate and Succession Planning department. Naberhaus has more than 15 years of experience and is well-known throughout the Space Coast for […]

Posted in Articles, Estate & Trust Administrations, Estate & Trust Litigation, Estate, Gift & GST Planning, Fiduciary Income Tax, Gift & GST Planning, Gift & GST Tax, Press Releases, Trusts and Estates Blog

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

Consequences of Modification of a QTIP Trust Settlement

Published: October 23rd, 2014

By: David J. Akins

Consequences of Modification of a QTIP Trust Settlement: One Scenario in ‘The Tale of Moné Baggs Smith’ A “QTIP” trust is a “Qualified Terminable Interest Property” trust. It is often used by spouses in a second or subsequent marriage where at least one party has children from a previous marriage. The QTIP trust allows the […]

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Posted in Estate & Trust Litigation, Estate Tax, Estate, Gift & GST Planning, Estate, Gift & GST Tax, Gift & GST Planning, Gift & GST Tax, Income Taxes, Modification of Irrevocable Trusts, Trusts and Estates Blog