HCBE Faculty Books and Book Chapters
Chapter Title/Book Title
Drafting and Using Powers of Appointment
Book Title
Basic Estate Planning
Files
Document Type
Book Chapter
Abstract/Excerpt/Description
Basic Estate Planning In Florida 8th Edition Highlights
Discussion of new laws, cases, and rules, including the effect of the American Taxpayer Relief Act of 2012 (ATRA) on:
• various estate planning tools; and on
• taxable rates; estate, gift, generation skipping, and income taxes; applicable exclusion amounts; and the portable deceased spousal unused exclusion (DSUE) amount for citizens and noncitizens;
• general and limited powers of appointment, including ""decanting"", and releases and disclaimers of power; a spouse's election to take homestead as a tenant in common rather than through a life estate; and the treatment of insurance proceeds payable to a trust;
• community property; the homestead exemption, and estate planning issues for same-sex couples;
• compliance with Treasury Dept. Circular No. 230 for written tax advice; and
• ethical issues, including the attorney's duty to third parties, asset protection planning, and gifts to lawyers and their relatives
Keywords
Estate planning, Florida
ISBN
978-1632815767
Publication Date
2014
Publisher
The Florida Bar/ Lexis Nexis
City
Tallahassee, FL
Disciplines
Business
NSUWorks Citation
Landau, Barbara, "Drafting and Using Powers of Appointment" (2014). HCBE Faculty Books and Book Chapters. 167.
https://nsuworks.nova.edu/hcbe_facbooks/167