Dynasty trusts, also referred to as perpetual trusts, shield assets for multiple generations and come with several other benefits. Not all states permit this special asset protection tool. The few that do offer unique protections.
An estate dispute in Florida recently resulted in a court decision that affirmed an individual can waive one's homestead rights through a warranty deed under certain circumstances and with the proper provisions.
The 2015 National Rifle Association (NRA) Annual Meeting was held in Nashville, Tennessee in April. In addition to the many exhibits and products featured at the event, several sessions revealed news about pending gun trust regulation deadline changes
Millennials have unique estate planning needs, and when it comes to investments, statistics show their choices vary from other generations.
Properly structured trusts and tax planning help to adequately preserve domestic and international assets. How should married couples structure their estate plans when one spouse is not a United States citizen?
A case recently resolved in Florida probate court that involved charges of spousal undue influence. Charges of undue influence are one of the causes individuals might cite when contesting a will. In Florida, and most states, proof of the undue influence is required in probate court.
The Death Tax Repeal Act of 2015 would completely repeal estate, GST, and certain gift taxes. If passed into law, it would go into effect immediately and apply to all decedents who die on or after the date the Act is passed.
Florida might soon join the growing number of states with specific legislation addressing digital assets. If the proposed 'Florida Fiduciary Access to Digital Assets Act' (S.B. 102) is passed into law, an agent would have the authority to access digital assets.
WUNC North Carolina Public Radio aired a segment 'Are Chapel Hill Gun Owners Buying More Guns?' The segment interviewed a Chapel Hill sheriff who confirmed there are more applications for purchase permits today than there were a decade ago.
The American Institute of CPAs recently submitted a recommendation to federal departments. The letter suggests that the 9-month deadline for portability election be permanently extended to 15 months.