Tag Archives: legal issues
Fort Myers residents, self-dealing and estate administration
A recent revenue ruling issued by the Internal Revenue Service (IRS) has caught the attention of many estate planners in the Fort Myers’ area. The ruling concerned an individual who had sold an interest in his company to a trust for a note. Under his will, the man then conveyed the note to several… Read More »
Smooth estate administration planning requires pro-activity
This blog regularly discusses issues with estate planning. From wills to trusts, there are countless ways for local Fort Myers and Lee County residents to control their final wishes. In practice, though, these plans can be undone by poor administration. As a result, any comprehensive estate plan must make provisions for a smooth estate… Read More »
White House ivory ban may affect estate administration
Recently, a White House official announced an initiative to ban all commercial trade of ivory. Long sought after for its beauty, elephant ivory has been under scrutiny in the United States for decades because of concerns over its collection. While such an initiative may seem like just another mundane action being taken in Washington,… Read More »
Tax consequences critical for estate administration in Florida
One of the biggest estate questions that family members have after losing a loved one is the extent of their tax liabilities. The media loves to report on the ever-changing estate tax environment. Often referred to as death taxes, this levy is often misunderstood. For instance, most estates do not owe any estate taxes…. Read More »
Undiscovered assets may complicate estate administration
Sometimes one of the most difficult aspects of estate administration is finding all of the assets that should be included. A recent case involving a former Florida resident is an excellent example of such estate complexities. The woman is seeking a payout of a life insurance policy owned by her deceased mother who passed… Read More »
