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In Florida, probate is a court-supervised procedure for administering a deceased person’s estate. This procedure includes identifying and collecting the decedent’s assets, paying the decedent’s debts and funeral expenses, and distributing the decedent’s assets to his or her beneficiaries. The court generally must appoint a “Personal Representative” to manage the…
Category: Estate Administration
It is snowbird season in Florida, the time of year when residents of northern states migrate to the Sunshine State to escape the harsh winters. Florida has long been a popular destination for snowbirds wanting to spend the winters in a warmer climate, and eventually to relocate permanently. Those who…
The IRS has just released inflation-adjusted tax numbers for 2023. Among the most notable adjustments are: An increase in the gift, estate and GST tax exemptions amounts from $12,060,000 to $12,920,000. An increase in the gift tax annual exclusion amount from $16,000 to $17,000. An increase in the starting point…
››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…
Comiter, Singer, Baseman & Braun, LLP, is thrilled to announce associates, Brian M. Spiro, Antonio P. Romano & Christopher C. Weeg, graduated from the Florida Fellows Institute of The American College of Trust and Estate Counsel (ACTEC). The Florida Fellows Institute was created by ACTEC Fellows to develop the profession’s future leaders…
