Newsletter – June 1, 2013

N E W S L E T T E R   June 1, 2013 Re:  Wills, Trusts, Estate Administration, Corporate and Asset Protection Legal Matters   Dear Client/Professional: This letter is intended to provide you with an update of some of the types of work my clients and I are undertaking at the current time in case you or your clients have similar issues: 1.  The new tax laws allow individuals to gift or leave at death $5.25 million as an individual, $10.5 million as a couple. As a result of this new law many larger wealth clients are exercising their ability to make large gifts now in a sophisticated way so they can continue to control the assets. Married couples with less than $10.5 million are doing away with their two separate revocable trusts and using one joint revocable trust for simplicity purposes. This issue needs to be closely Continue reading

Newsletter – February 1, 2011

N E W S L E T T E R    February, 2011   The purpose of this newsletter is to inform you of certain provisions of the December, 2010 tax law that may affect your estate and business planning, and to make you aware of current planning issues being addressed by other clients at this time. There are many provisions of the new tax law but generally the tax law is a two (2) year extension of the income tax brackets that have been in effect, a surprise two (2) year estate tax reduction planning opportunity and two percent (2%) more in your employee’s paycheck. Income Tax Provisions        ∙ Income Tax Brackets stay the same in 2011 and 2012 as they were in 2010.  For higher income earners, there will be a substantial increase in income taxes in 2013, as well as new payroll taxes and passive income Continue reading

Newsletter – September 01, 2010

N E W S L E T T E R     September 1, 2010   Many clients have a reason to revise their estate plans prior to January, 2011.  In 2002 the amount that could pass estate tax free was $1 Million per decedent.  This estate tax free amount in 2002 was gradually increased until the current year, when a decedent can leave unlimited assets to heirs without estate taxes.   Effective January 1, 2011, the amount that can pass estate tax free per decedent reverts back to only $1 Million and the maximum estate tax rate is fifty‑five percent (55%).  This will affect all single clients with assets of more than $1 Million and married couples with combined assets in excess of $2 Million.   The ability of Congress to pass estate tax legislation is very suspect, as their record has proven.  Unless Congress passes tax legislation that it Continue reading

Newsletter – March 01, 2010

N E W S L E T T E R     March 1, 2010       2010 has become an interesting year, given the estate tax legislation mess that we are in, as well as the bad economy.   The Economic Growth and Tax Relief Reconciliation Act was signed into law in 2001 and has created estate tax planning problems ever since.  That 2001 law gradually increased the amount that could pass estate tax free from the $1 Million estate tax exemption amount in 2002 to the $3.5 Million estate tax exemption available for decedents dying in 2009.  It  further reduced the maximum estate tax rate from 55%  to 45%.   The 2001 Act was designed to culminate in the complete repeal of all estate taxes in the current year, 2010, and beyond.  However, without more legislation, the estate tax will return with a vengeance after this year.  Continue reading

Newsletter – July 9, 2009

N E W S L E T T E R   July 9, 2009   RE: ESTATE PLANNING ISSUES     This letter is intended to touch on some of the issues my clients are currently addressing in today’s economic and legal environment.  Many of these issues are historically common, and some of these issues are driven by the low valuations of their businesses and real estate, as well as today’s low interest rates for estate planning projects.  Another matter that seems to be impacting estate planning more frequently is the concern for asset protection given the current litigious legal environment.   Some of these issues may also affect you or your clients:   ∙ Clients are restructuring their assets so that instead of financial assets, real estate, or a business being owned by the client, the client owns a limited liability company which owns such assets.  The client can Continue reading

Newsletters – May 14, 2009

N E W S L E T T E R   May 14, 2009               This letter is sent to you to announce again that my new address is 312 North Park Avenue, Suite 2-A, Winter Park, Florida   32789.             My telephone number, fax number and email address all stay the same.             Those of you who forwarded your email address to my secretary, Donna Batchelder (, should also be receiving this newsletter via email.  Please provide Donna with your internet address if you have not already done so.             In order to encourage clients to become familiar with our new office, please schedule an appointment to visit and briefly review the status of your legal matters.  You will not be charged for that appointment.  I have asked Donna to contact the professionals receiving this newsletter to see if we can get on your schedule to come visit in Continue reading

Newsletter – April 2, 2009

N E W S L E T T E R   April 2, 2009   This is a brief newsletter to alert you to a couple of issues that my clients are addressing with me at the current time and to begin the process of communicating to you my office relocation sometime in May, 2009.   Office Relocation   My assistant of sixteen (16) years, Donna Batchelder, and I are moving to a small office in Winter Park on May 18, 2009.  The new address will be 312 North Park Avenue, Suite 2-A, Winter Park, Florida 32789.  I have spent the last eighteen (18) years in my current office in Altamonte Springs.  The new location is my attempt to be closer to my home and be centrally located for my clients.  I apologize to those of you in the Longwood/Lake Mary area (including Donna) for the longer, perhaps more congested Continue reading