The gift tax annual exclusion has been increased from $12,000 to $13,000 per donee. The annual exclusion for gifts to non-citizen spouses has been increased from $128,000 to $133,000. In addition, the estate and generation-skipping transfer tax exclusions are increasing from $2 million to $3.5 million. However, the lifetime gift…
On October 3rd, the Emergency Economic Stabilization Act of 2008 was signed into law. This law is more commonly known as the “bailout bill” and its main purpose is to provide the Federal Government with authority to purchase and insure certain types of troubled assets. While the bailout bill received…
On July 1, 2007, the Florida Trust Code took effect. While this was an important event here in our office, there’s a good chance that this is the first time you have heard about it. The Florida Trust Code was not front-page news and was probably not something that you…