HCBE Faculty Books and Book Chapters

Drafting and Using Powers of Appointment

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

Drafting and Using Powers of Appointment
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