Month: December 2019
Good News from Congress prior to Year End? Not Yet but Hopefully!
Many tax “breaks” are renewed yearly but lately they have been renewed later and later in the year for the year that they are applicable. For 2014 planning, Congress is JUST NOW reviewing a bill that would extend certain tax breaks for 2014. This delay often creates...
Linda’s Tampa Bay 10 Interview
Our very own Linda Griffin was a guest Friday December 7, 2012 on Tampa Bay 10 News to discuss the tax increases in 2013. To watch the full interview with Linda Griffin, please click on the following link: Watch_Video_Here These tax increases include the following: 1)...
Estate Tax Lien on Property You Want to Sell or Purchase?
The tax law provides that an estate tax lien automatically attaches to ANY property included in a decedent’s gross estate. For example, if I die with $7 million in my estate and $620,000 of estate tax is due, then an automatic lien is asserted on all my property....
Is your IRA operating a business? If so watch out!
The biggest source of your wealth may be your individual retirement account (“IRA”). It may be tempting to invest that IRA in your friend’s latest great business idea, owning and leasing property or “get rich quick” ideas. A promoter may suggest creating and...
Arguing Undue Influence In A Trust Formation? When Are You Barred?
Most beneficiaries are extremely unhappy when they learn they have been omitted from estate planning documents, especially when they believe that the decedent was “unduly influenced”. The factors to analyze whether undue influence exists were set forth in a 1971...
Attorney Fees… Be Sure You Understand Before You Sign The Fee Agreement!
Upon the death of a loved one, you may have to discuss certain issues with an attorney and this may be the first time that you have ever approached an attorney. When dealing with an estate or administering a trust, Florida law allows a “presumed reasonable fee” under...
New Social Security Law Change…
Many of us are reaching the age when we have to consider when we are going to collect social security. Help in making that decision can be found on the Consumer Financial Protection website. The law has recently changed regarding file and restrict and file and...
End of Year Thoughts
As we approach the end of the year, we want to thank each of you for your business and referrals. We really appreciate all of you. We also want to point out some items that you should consider as we approach year end. Take your required minimum distribution for the...