Florida is the #1 most popular state for retirees
About 55,000 Americans over 55 move to Florida every year. Join Florida attorney Brian Duffey as he shares the critical things you must know if you are representing clients who own property or plan to move to Florida. You’ll get answers to your questions and also identify when you may need the assistance of local counsel to deal with Florida matters.
New tax changes impact your client’s estate plan
Many of your clients in Florida have substantial assets in irrevocable trusts that were created under the paradigm of an estate and generation skipping transfer tax. Under the new Tax Cuts and Jobs Act of 2017, thousands of those clients are scrambling to figure out a way to modify, amend or terminate those trusts. It is critical that you as their attorney know and understand the new rules.
Key areas where Florida law may differ
• Homestead – Explore debtors and creditors rights on Florida real property and learn how the homestead law impacts the passing of property to heirs, tax obligations and claims by creditors.
• Probate Administration – Discover the nuances of Florida estate administration and when to retain local counsel.
• Trust Administration – If your client is moving to or owns property in Florida, does that Pennsylvania resident’s estate plan still work? Can you use post-mortem techniques to correct an estate plan under Florida law?
• Real Property – Examine various aspects of Florida real estate closings, homeowner associations and condo law and understand how to title real property in Florida.
A must attend course for anyone whose clients or family are Florida residents or may be Florida bound in the future!
Recorded live in October 2018.