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Marital attorneys know that upon divorce, spouses who signed a prenuptial agreement will often raise arguments of coercion and duress to void the agreement. Factually, such allegations and arguments may or may not be true, and in either case may be hard to prove or disprove many years after the fact. A good story and […]

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  • Comments Off on Beware the Last Minute Signing of a Prenuptial Agreement [Florida]

ecurities brokers and other registered representatives often develop close relationships with their clients. Those clients may make provision for them to become a fiduciary or beneficiary in trusts and wills due to these relationships. For those representatives who are subject to FINRA, new FINRA Rule 3241. . .

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  • Comments Off on New Rules Coming on Brokers and Other Financial Representatives Being Named as a Fiduciary or a Beneficiary

Executors and personal representatives of estates of decedents can be held personally liable for distributing or applying estate assets when there are unpaid estate taxes due, if the IRS does not get paid. When an estate tax return is filed, the final amount of estate taxes due is not known until either the statute of […]

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  • Comments Off on IRS Is Proposing a User Fee for Estate Tax Closing Letter

Recently, income tax return payment deadlines were extended under Notice 2020-17, subject to dollar limitations. This notice has now been superseded by Notice 2020-18. This Notice now extends both income tax payments due, as well as return filings due, on April 15 to July 15. The dollar limitations provided in Notice 2020-17 no longer apply. […]

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  • Comments Off on Procrastinators Rejoice – Income Tax Deadlines Extended to July 15, 2020

The SECURE Act stole all of the end of year thunder regarding changes in federal taxes. However, other changes were enacted. One of these was the repeal of Code Section 4940(e). Code Section 4940 previously imposed. . .

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  • Comments Off on Private Foundations Gain a Small Tax Break on Investment Income

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