HCBE Faculty Books and Book Chapters

Drafting and Using Powers of Appointment

Title

Drafting and Using Powers of Appointment

Files

Document Type

Book Chapter

Book Title

Basic Estate Planning

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

ISBN

978-1632815767

Publication Date

2014

Publisher

The Florida Bar/ Lexis Nexis

City

Tallahassee, FL

Keywords

Estate planning, Florida

Disciplines

Business

Drafting and Using Powers of Appointment
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