FLORIDA ESTATE PLANNING ATTORNEYS
ASSET PROTECTION PLANNING
CORPORATE & PARTNERSHIP LAW
PROBATE ADMINISTRATION
TAX LAW


2013 Miami Market
Tier 1: Trusts & Estates Law
Tier 2: Tax Law

 

   
TRUSTS & ESTATES - JULY 2004
  
Get Acrobat Reader You must have Adobe Acrobat Reader to view these documents.
    

2 articles published in July 2004
Trusts & Estates Magazine

THE FROZEN T-CLAT
By Donald R. Tescher & Barry A. Nelson

FLORIDA HOMESTEAD TRAPS
By Barry A. Nelson & Kevin E. Packman

The Frozen T-CLAT

An innovative technique gives clients use of their assets even as they reduce transfer taxes and leave money to charity.

How would you like to offer your well-to-do clients an estate plan that eliminates or significantly reduces estate taxes and generation skipping taxes (GST) while providing the family with immediate use of the assets and creating a significant charitable legacy? This is not a pie-in-the-sky goal. It can be achieved by meshing disparate planning techniques.

VIEW ARTICLE

Florida Homestead Traps

Think twice before flying south to exploit favorable homestead and bankruptcy laws. Case law and proposed bankruptcy reforms may clip a few wings.

People should think carefully before deciding to move to Florida to take advantage of the state's favorable asset protection laws. Attorneys and advisors need to have some understanding of the potential traps clients may fall into as they try to benefit from the Florida homestead exemption.

Creditors have been successful in forcing the sale of a homestead, with the sales proceeds allocated between the debtor homeowner and his creditors as well as in attaching a homestead through a lien.

To uproot a family during a time of financial stress is difficult, but to do so only to discover the anticipated benefits are nonexistent is devastating. So carefully plan and consider all risks before making the move to this so-called "debtor's haven."

VIEW ARTICLE

Top of Page

The following notice is required by the IRS: Any U.S. federal tax advice contained in the articles and information in this web site is not intended to be written or used, and cannot be used or relied upon, to avoid tax-related penalties under the Internal Revenue Code, or to promote, market or recommend to another any tax-related matter addressed herein.

 

 

     
  
Copyright 2011 Nelson & Nelson, P.A. All rights reserved.  |  Web Site Agreement  l  Site last updated March 28, 2012
  

Proud members of The Aventura Marketing Council

estatetaxlawyers.com, barry a nelson, nelson and nelson, nelson & nelson, barry nelson, estate planning attorney, estate planning, asset protection attorney, asset protection, olmstead, aventura, north miami beach, florida homestead, homestead planning, estate tax attorney, tax lawyer, tax planning, Florida corporate law, corporation taxation, corporation formation, Florida attorney, Florida lawyer, Miami attorney, lawyers, legal counsel, legal services, special needs planning, special needs trusts, family limited partnership, partnership law, 529 plans, 529 education plans, legal articles, legal publications, university of Miami, school of law, judith nelson, judi nelson, mirlene dubreuze, richard comiter, richie comiter, shelley patterson, slpprojects, jennifer okcular