New Fiduciary Rule for Financial Professionals

Under prior law,  most financial professionals were NOT considered a fiduciary under Section 4975 (c)(1)(E) and (F) of the Internal Revenue Code (the “Code”) , which provides that a fiduciary can NOT handle income or assets of a plan or IRAs in the fiduciaries’ own interest or receive compensation without…

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New Fiduciary Rule for Financial Professionals

  Under prior law,  most financial professionals were NOT considered a fiduciary under Section 4975 (c)(1)(E) and (F) of the Internal Revenue Code (the “Code”) , which provides that a fiduciary can NOT handle income or assets of a plan or IRAs in the fiduciaries’ own interest or receive compensation…

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Is Your Claim Filed Against the Estate Timely?

The time period for filing a claim against an estate is set forth in the probate code. and if you miss the deadline that you can be barred forever from filing a claim against an estate. Section 733.2121 of the Florida Statutes requires that the personal representative “promptly” publish a…

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Florida Enters the Digital Age with New Legislation!

All of us have digital assets and electronic communications. Our Facebook pages, the Google emails, the bitcoins, the domain names… all are new assets since the estate planning profession has been in existence. Much confusion exists as to what a fiduciary can and can not do in dealing with such…

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Can Your IRA Own A Business You Want To Operate?

A lot of wealth is in IRAs. Accordingly, many individuals who want to buy a business want to use those funds to buy the business. Unfortunately, the Internal Revenue Service (“IRS”) has strict regulations on what an IRA owner can and can not do with an IRA. When the IRA…

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