Estate planning can be boiled down to two main topics: (1) asset disposition, and (2) naming (or nominating) fiduciaries. For most of our clients, the asset disposition part—how you want your assets to pass on death—is simple. Selecting who will be the fiduciaries—those with responsibilities and decision making upon your…
Prenuptial agreements are commonly regarded as a means by which a spouse can protect assets in the event of divorce. A prenuptial agreement is an agreement entered into by a couple in contemplation of marriage, to be effective at the time of the marriage. While prenuptial agreements are a useful…
››The Internal Revenue Service recently issued Rev. Proc. 2022-32, which permits certain estates up to 5 years to file a federal estate tax return (Form 706) in order to make a portability election and thereby transfer a decedent’s unused estate tax exemption to his or her surviving spouse; an estate…
When a business owner receives a letter of intent from a buyer to purchase their business, the business owner may be surprised to learn that the transaction is contingent on the underlying business entity engaging in an “F” reorganization. The business owner may be curious as to why a potential…
In Florida, the hearsay rule does not bar the contents of, and most testimony about, a decedent’s will or trust. The Florida “hearsay rule does not bar the testimony of the plaintiffs regarding (1) the fact that the decedent had executed a will and (2) the contents of the will.”…
