IRS Issues Proposed Regulations for Miscellaneous Deductions for Trusts & Estates
- posted: May 11, 2020
- Legal News & Articles, Estate Planning
Attorneys who handle trusts and estates, but don't file tax returns for trusts and estates, should consider how the estate or trust income tax return (Form 1041) will affect the Read More
IRS Issues Update to Notice 2020-20 - Extending Filing & Payment Deadlines
- posted: Apr. 22, 2020
- Legal News & Articles, Estate Planning
On April 10th, The Internal Revenue Service issued Notice 2020-23, which added to the list of filing and payment deadlines extended as a result of the national health care emergency Read More
Amendment to Rule 2.205, Florida Rules of Judicial Administration
- posted: Apr. 16, 2020
- Legal News & Articles, Estate Planning
The Florida Supreme Court, on its own motion, updated the Rules of Judicial Administration to better react to unexpected circumstances such as those facing the courts right now. The courts, Read More
Florida Probate Rules Updated to Recognize Electronic Wills and Notarization
- posted: Apr. 16, 2020
- Legal News & Articles, Estate Planning, Probate
On January 16, 2020, The Florida Supreme Court approved amendments to The Florida Probate Rules. These were "fast-track" amendments based upon changes to The Florida Statutes during the 2019 legislative Read More
IRS Filing & Payment Deadlines Questions & Answers
- posted: Mar. 24, 2020
- Legal News & Articles, Estate Planning
In times of confusion and uncertainty, it's important to find a good source for information. I've received many summaries from various sources about the effect of IRS Notice 2020-18, which Read More
The SECURE Act - Estate Planning
- posted: Mar. 16, 2020
- Legal News & Articles, Estate Planning
The "Setting Every Community Up for Retirement Enhancement Act of 2019" ("The SECURE Act") was signed by President Trump on December 20th, 2019, as part of a larger spending bill Read More
How Much Coverage Do I Get for my FDIC Insured Trust Account?
- posted: Mar. 11, 2020
- Barnes Walker News, Estate Planning
As concerns for our economy grow, some individuals are looking at FDIC coverage for their accounts. According to the FDIC, only 1 bank failed in 2019 and 4 failed in Read More
IRS Updates Estate and Trust Tax Brackets, Exemptions & Rates
- posted: Dec. 08, 2019
- Legal News & Articles, Estate Planning
The Internal Revenue Service announced the inflation adjustments for tax rates, brackets and exemptions in 2020 in a news release found here: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2020 A more detailed report can be found here: https://www.irs.gov/pub/irs-drop/rp-19-44.pdf Some of Read More
Are your planning documents invalid when you move to another state?
- posted: Nov. 15, 2019
- Legal News & Articles, Barnes Walker News, Estate Planning
This a topic that comes up a lot in Florida. Many clients come to me because someone told them that their will, trust, power of attorney and health care directives Read More
IRA Accounts & Possible Stretch Reduction
- posted: Nov. 03, 2019
- Legal News & Articles, Estate Planning
Here's a good article on the rules for achieving a "stretch" for an inherited IRA. This can be a powerful tool for minimizing income taxes while maximizing growth. The article Read More
