Starting this week, the property appraiser’s office will be mailing you a notice of proposed property taxes for 2011 (commonly referred to as a “TRIM” notice). The TRIM notice is a preliminary assessment of the property as of January 1, 2011. In certain instances, the preliminary assessment may be more than the fair market value […]
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Pending Florida legislation would give charities more flexible guidelines
Last month in the Florida House of Representatives, State Representative Kathleen Passidomo filed House Bill 599 entitled “Uniform Prudent Management of Institutional Funds.” The bill would allow Florida charities to make distributions from endowment funds in which the fund fell below the original amount given to charity so long as the fund was being prudently […]
Battle Over Creditor Access to John Goodman’s Spendthrift Trust Records
There is an interesting battle being waged over a potential creditor’s access to financial records of a spendthrift trust. John Goodman is being sued in a wrongful death action by the parents of Scott Patrick Wilson, who was killed when Goodman’s car allegedly struck Wilson’s car last February. Although the case hasn’t gone to trial […]
Even better than that sweater your Aunt gave you for Christmas
Most people are aware that the federal government imposes a tax on large gifts made by a person. “Large” for gift tax purposes generally means a gift over the annual exclusion amount. The annual exclusion amount, currently $13,000, is the amount in cash or property that each of us can give annually to any number […]