Paul Newman’s Legacy – Estate and Business Planning Finally Meet

By: William T. Coleman Several years ago a client wanted to set up a private foundation and gift his 100% ownership in his corporation to a private foundation so that the profits generated were used for charitable purposes.  Unfortunately, Section 4943 of the Internal Revenue Code of 1986 (the “Code”) limited his ability to [...]

By |2018-03-01T13:06:14+00:00March 1st, 2018|Blog, Estate Planning, Taxation|

Florida’s Historic Preservation Property Tax Exemption

By: Quentin E. Morgan The old axiom that “Those who do not study history are condemned to repeat its mistakes,” does not apply to property in the State of Florida.  Maintaining and recognizing pieces of the past, as a display of all the outstanding achievements of men and women who have made significant contributions to [...]

By |2017-03-13T13:31:10+00:00November 19th, 2014|Blog, Local Government Law and Relations, Taxation|

Estate Planning: Higher Estate Tax Exemption Changes Focus to Income Tax Planning

By: Ronald L. Siegel After more than a decade of uncertainty, we now have a clear picture of the Federal Estate and Gift Tax Exemption. The exemption amount, which is adjusted annually for inflation, is Five Million Three Hundred and Forty Thousand Dollar ($5,340,000.00) for an estate of a person who passes away in 2014.  [...]

By |2017-03-13T13:31:11+00:00July 24th, 2014|Blog, Estate Planning, Taxation|