The Florida Legislature Addresses the Foreclosure Crisis

By Kathleen C. Passidomo, Esq., Kelly, Passidomo & Kelly, LLP, Naples, Florida During the 2013 Legislative Session, HB 87 containing significant revisions to Chapters 95 and 702 of the Florida...

A grantor retained annuity trust may be an effective means for a wealthy client who wants or needs to retain all or most of the income from a high-yielding and rapidly-appreciating property to...

A “defective” trust is a trust in which the grantor (or in certain cases, the beneficiary) is treated as the “owner” of the trust for income tax purposes, but no for estate, gift, or...

A grantor creates an irrevocable trust. He or she directs the trustee to pay the grantor the income from the trust for a specified number of years or allow him or her possession of the trust’s...

Under a private annuity, an agreement is signed that requires one party (the transferor-annuitant) to transfer ownership of property to another party (the transferee-buyer). In return, the...

When a charitable remainder annuity trust (CLAT) is established, the grantor makes a gift of cash or property to an irrevocable trust. The grantor (and/or another noncharitable beneficiary) retains...