Recent legislative developments - colloquially referred to as the “One Big Beautiful Bill” - have significantly reshaped the estate planning landscape. Chief among its...

Choosing a trustee and successor trustee is one of the most critical decisions you will make when creating a trust. Whether your trust is revocable or irrevocable, the trustee is responsible for managing those assets according to your instructions. This role carries significant responsibilities,

For married couples residing in Florida, estate planning often involves revocable living trusts. A relatively novel and strategic tool gaining attention is the Florida Community Property Trust (CPT). A CPT is a joint revocable trust that may be created by married couples

Effective October 1, 2025, the State of Florida will permanently eliminate the sales tax on commercial leases.  This repeal applies to the current state-level sales tax of 2% as well as any applicable local discretionary

NEW DEVELOPMENTS FOR INDIVIDUALS We are writing to inform you about the significant new tax legislation (the Act) signed into law July 4, 2025 (formally known as One Big Beautiful Bill or, informally, the OBBB). The Act includes numerous changes affecting individual ...

The IRS has issued a recent tax tip on reporting foreign income and filing a tax return when living abroad. ( IRS Tax Tip 2023-36 )   The worldwide income of U.S. citizens and resident aliens, including wages, unearned income and tips, is subject to U.S. income tax, ...

On July 16, 2020, the IRS released its annual list of tax scams, known as the “Dirty Dozen” highlighting scams that taxpayers and tax professionals should be aware of in 2020.  This year’s “Dirty Dozen” list includes: Phishing Scams. ...

During the past week, the Internal Revenue Service (IRS) has issued two warnings regarding possible schemes you may encounter relating to forthcoming economic payments to taxpayers emanating from the $2 trillion dollar federal stimulus package enacted to combat the ...

Whether you were aware of it or not, since the 1970s, U.S. law has required the disclosure of foreign financial accounts by U.S. taxpayers under certain circumstances. A U.S. taxpayer is not only a U.S. citizen but also a Green-Card holder and a person who is deemed to be a ...

Date: July 19, 2017 By: Bill Bischoff How to avoid the federal estate tax when collecting life insurance proceeds Beneficiaries generally receive death benefits free of federal income tax, but what about the federal estate tax? Having enough life and disability insurance ...

Date: February 8, 2017 By: Ann Carrns Why You Should Get Around to Drawing Up a Will No one likes to think about dying — and that is probably one reason most Americans lack wills. Fewer than half of American adults (42 percent) have a will, according to a survey published ...

Date: February 6, 2017 By: Jeramie J. Fortenberry Utah Jazz Owners Demonstrate Power of Dynasty Trusts Utah Jazz owner Gail Miller recently made basketball news by announcing that she and her family had transferred the NBA team into a dynasty trust. Utah Jazz Owner, Gail ...

Date: April 13, 2016 By: Ajay Gupta, Snitching On Your Friend's Offshore Accounts Might Yield Only Stitches, Not Rewards You may have a friend who you know is raking it in, earning large amounts of mostly cash income. But you also know he is not being completely honest in ...

Date: April 19, 2016 By: Monika Gonzalez Mesa, Daily Business Review Tax Attorneys See Reason for Clients to Worry About Panama Papers Inquiries Some tax attorneys are getting more calls from clients concerned about offshore accounts, and the attorneys expect more scrutiny ...