An important four-part series that discusses a host of issues involving state income taxes on trusts. Part One provides an overview of the various approaches to taxation of trust income, then reviews the various constitutional restrictions, as reflected in numerous federal and state cases. Part Two further examines these aspects, beginning with a discussion of
Help clients take a long-term view to protect family wealth during divorce. Divorce can derail family wealth and affect generations far beyond just one couple. Even those who are not divorcing or contemplating divorce—including those beginning prenuptial planning—could benefit from knowing what’s at stake in the event of a divorce, be it their own or
The Sunshine State offers a host of financial and tax benefits. Florida residents likely enjoy significantly reduced tax obligations compared to many other states. Florida does not impose a personal income tax, an inheritance tax, a gift tax, or an intangible personal property tax. The more ties you have to Florida, the more likely your
