Click here for a PDF copy of the Agenda and related Reports/White Papers for the upcoming meeting of the Florida Bar's Trust Law Committee at the Ritz-Carlton in Key Biscayne this coming Friday, September 19th, at 2 p.m. These materials are an excellent way to keep up on the latest developments involving Florida's Trust Code that could affect you, your firm or your clients. Any questions/comments regarding the meeting and the linked-to materials should be directed to the committee chair: Barry F. Spivey.
Office of Tax Analysis of the Treasury Dept. has published a paper titled "The Federal Gift Tax: History, Law, and Economics."
Sarasota attorney Barry F. Spivey, who also chairs the Florida Bar's Trust Law Committee, circulated the following email and link to the Treasury Department's recently published white paper on the U.S. gift tax. If tax planning is a part of your estate planning practice, this paper is probably a must read. Here's Barry's email and a link to the referenced white paper:
"For you tax geeks or just plain intellectually curious on the Committee, the Office of Tax Analysis of the Treasury Dept. has published a paper titled "The Federal Gift Tax: History, Law, and Economics." The paper traces the evolution of the gift tax, its structure, and interactions with the income and estate taxes. It concludes with a discussion of the behavioral effects of the gift tax."
The Trust Law Committee met last week. I apologize for not posting this sooner, but a very hectic trial schedule kept me away from the blog last week. Regardless, my principal reason for posting the committee meeting Agenda and Minutes is to disseminate the following reports/White Papers:
- Holding of legal title of entirities property in trust
- Republication of invalid trust by amendment
- Proposed Trust Code amendment: Directed Trusts
- Proposed Trust Code amendment: Statute of Limitations on Claims Against Trustees
Questions/comments regarding the meeting should be directed to the committee chair: Barry F. Spivey.