How THE SECURE ACT Affects your Retirement Plans

By Ronald L. Siegel, Esq. On December 20, 2019, a new law was passed that has a significant impact on almost all tax deferred retirement accounts, including IRAs and 401(k)s.   Although several of the provisions are of benefit to some taxpayers, a major provision of the legislation is very unfavorable. Increase in Age for [...]

By |2020-06-10T15:29:29-04:00June 10th, 2020|Blog, Estate Planning|

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 |2018-03-01T13:06:14-05:00March 1st, 2018|Blog, Estate Planning, Taxation|

Trust Protectors: A Love Story

By: George J. Taylor This article will discuss the concept of a trust protector, whether the trust protector is a fiduciary, powers that may be granted to a trust protector, and finally, conclude by providing the reader with sound legal advice. The traditional trust has three elements: the settlor, the trustee, and the beneficiary.  In [...]

By |2017-03-13T13:31:01-04:00March 9th, 2017|Blog, Estate Planning|

Don’t Be Like Prince – Don’t Die Without a Will

By: Ronald L. Siegel The following people have something in common: Abraham Lincoln, Martin Luther King, Jr., Jimi Hendrix, Pablo Picasso, Sonny Bono, Prince, Michael Jackson. Each of these famous persons died without a Will. When a person dies without a Will, it doesn’t mean that they did not have an estate plan. It means [...]

By |2017-03-13T13:31:02-04:00August 18th, 2016|Blog, Estate Planning|

Are All of Your Estate Planning Documents Current?

By: Ronald L. Siegel When considering whether to update their estate planning documents, most clients focus on the primary dispositive documents: their Will, and if applicable, Revocable Trust. While that indeed should be the primary focus, clients should be aware of other documents that may need updating as well, such as Living Will, Health Care [...]

By |2017-03-13T13:31:04-04:00October 29th, 2015|Blog, Estate Planning|

Probate Litigation in Florida

By: Brent V. Trapana Probate litigation is no stranger to South Florida.  While it is impossible to absolutely prevent a lawsuit involving your estate after your death, it is possible to take precautionary measures to help reduce the likelihood of such litigation.   Many people wait until it is “almost” too late when they start to [...]

By |2017-03-13T13:31:08-04:00April 13th, 2015|Blog, Estate Planning|

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 |2017-03-13T13:31:11-04:00July 24th, 2014|Blog, Estate Planning, Taxation|
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