Insights

On March 9, 2020, Governor Ron DeSantis declared Florida in a state of emergency due to the spread of the COVID-19 virus. As of March 20, 2020, the Florida Department of Health has confirmed over 500 Florida residents have tested positive for the virus. Due to the spread of COVID-19,…

As mentioned in several recent posts, the proposed regulations under Code Section 2704 are aimed at reducing valuation discounts associated with transfers of interests in family-controlled businesses. So that the proposed regulations capture certain entities that may be disregarded for federal income tax purposes, such as single-member limited liability companies,…

A power of attorney is a key component of a comprehensive estate plan. In general, a power of attorney allows a person (a “principal”) to appoint someone to act on his or her behalf (an “agent”) with respect to the management of the principal’s property and financial affairs. A power…