Within the recent past, the Florida legislature enacted the Florida Community Property Trust Act, which created a new estate planning tool for our clients – a Florida Community Property Trust. Although Florida remains a separate property state (i.e., a common law jurisdiction), the Florida Community Property Trust Act allows a married couple to elect […]
Since 2018, a taxpayer has been able to transfer up to $10mm of assets free of federal gift or estate tax. That exempt amount has been indexed to infl
Since 2018, a taxpayer has been able to transfer to his or her children up to $10mm of assets free of federal gift or estate tax…
Near the end of 2019, the Senate passed a budget reconciliation bill that included the Setting Every Community Up for Retirement (SECURE) Act.
The Florida Probate Code Section 732.515 expressly permits the use of separate memorandum to dispose of tangible personal property.
