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Estate Tax Planning for 2025: SUNSET OF HIGHER ESTATE TAX EXEMPTIONS. The current estate tax law allows for each individual in 2025 to pass approximately $14 Million to their heirs, free of the Federal Estate tax. A married couple can get two such tax free amounts, one for each spouse.
Florida adopts laws to authorize Community Property Trusts in Florida. Just in 2021, the Florida Legislature passed a new statute allowing the creation in Florida of Community Property Trusts. How can a Community Property Trust save Capital Gains Taxes? Even without a Community Property Trust, after both spouses
Pay lower income taxes AND avoid paying capital gains taxes? Did you know that a charitable remainder trust can allow you to both reduce your income taxes, and avoid paying capital gains taxes on assets that have gone up in value? It is true, and not out of the “goodness
Electronic Signing of Trusts and Wills are active Now! The effective date is July 1st, 2020. Clients can now sign a Trust or Will electronically and remain safe from the virus. Clients may update their Trust or Will without fear of catching the coronavirus at a Trust or Will signing.
There is a move afoot in Florida to cause debts to live on after someone dies. The authors of the recent proposal would make debts into guided missiles that would have a life of their own, and act sort of like a guided missile to chase after family members or
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