Although it is nowhere close to becoming law, on March 25th, Senators Sanders and Whitehouse proposed a bill which would make important changes to the current federal estate and gift tax system. The bill proposes the following key changes: Reduces the estate tax exemption amount from the current $11,700,000 to…
Category: News
Andrew R. Comiter, Esq. is serving as an adjunct professor for the Timing Issues in Taxation class for the LL.M. program at the University of Florida Levin College of Law. This course focuses on the fundamentals of timing issues in federal income taxation in order to help prepare students, as…
S corporation stock, whether owned individually or by a trust, merits special attention upon death. Congress presumably did not want a shareholder’s death to terminate an S election, so an estate of a deceased S corporation shareholder is a permitted shareholder during the period of administration. If the executor transfers…
The Florida Trust Code provides that “the trustee shall keep the qualified beneficiaries of the trust reasonably informed of the trust and its administration.” Fla. Stat. § 736.0813. The trustee owes a duty to inform and account. The trustee’s duties to each qualified beneficiary include but are not limited…
Comiter, Singer, Baseman & Braun, LLP, is thrilled to announce that Senior Counsel, Mark R. Brown, has been made partner. As partner, Mr. Brown’s practice will continue to focus on wills and trusts, domicile planning, probate administration, and sophisticated estate tax and income planning. Mr. Brown is board certified in…
