tag:blogger.com,1999:blog-74201741375239690562012-01-15T22:50:13.034-08:00A blog by Florida tax and estate planning attorney Stuart Morris, founder of Morris Law Group, based in South Florida. The blog covers all issues that encompass tax planning, estate planning, trusts, asset protection and wealth preservation.Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7420174137523969056.post-21015581901688271402012-01-09T12:23:00.000-08:002012-01-15T09:32:50.183-08:00

One of the questions that often comes in during estate planning for individuals of high net worth is passing down specific real estate assets to the next generation. Whether it's a commercial building, an apartment complex or a vacation home, not only can the legalities be complex but emotions can run high. The Wall Street Journal recently posted a very interesting article on just this subject,

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com1tag:blogger.com,1999:blog-7420174137523969056.post-10246739234859157252012-01-02T18:52:00.000-08:002012-01-02T18:52:24.680-08:00

Please join us in congratulating Stuart R. Morris for joining the Junior Achievement of South Florida Board of Directors.Junior Achievement  (JA) is a non-profit organization providing a series of business, economics, free-enterprise and life-skills programs to enhance the education of young people and prepare them to succeed in a global economy. In the 2011 school year, JA reached approximately

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com0tag:blogger.com,1999:blog-7420174137523969056.post-81333877555112247362011-12-22T12:45:00.000-08:002012-01-02T18:49:21.288-08:00

Dear Mr. Morris, Years ago I purchased a "second to die" life insurance policy insuring the lives of my spouse and I. Lately, I've seen many advertisements prompting me to consider a full review of the policy. I thought I had taken care of everything when I purchased the policy. Is this review process worthwhile? Sincerely, Wondering Insurance Owner ----- Dear Wondering Insurance Owner, The

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com1tag:blogger.com,1999:blog-7420174137523969056.post-24445936640725625322011-12-15T18:43:00.000-08:002012-01-02T18:44:11.643-08:00

Effective July 1, 2010, Florida Statute §736.0902 now limits both a trustee's duties and liability in connection with life insurance held within a trust. This is great news for current and future trustees of trusts established in Florida which hold or will hold life insurance policies; however, if you are currently serving as trustee, you must take certain measures to afford yourself such

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com0tag:blogger.com,1999:blog-7420174137523969056.post-66112196227563455562011-12-08T11:40:00.000-08:002012-01-02T18:42:28.450-08:00

Use of an S corporation as an operating business entity has been a common practice given certain tax advantages over operation as a C corporation or an limited liability company ("LLC") taxed as a partnership. Namely, use of an S corporation avoids the double taxation of a C corporation and can provide savings with respect to self-employment taxes when compared to an LLC taxed as a partnership,

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com0tag:blogger.com,1999:blog-7420174137523969056.post-8115369750684115542011-12-01T21:38:00.000-08:002012-01-02T18:40:53.870-08:00

Without proper pre-marital planning, upon divorce, a spouse may be entitled to an equitable distribution of marital property, which may include assets which the wealthy spouse expected to be excluded from division as their "separate" premarital assets. Even inheritances, in certain cases, can be commingled and subjected to such distribution on divorce. Therefore, it is important that individuals

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com0tag:blogger.com,1999:blog-7420174137523969056.post-22597235889779486422011-11-22T14:06:00.000-08:002011-12-18T11:25:23.140-08:00

I recently came across three articles from the Wall Street Journal on end-of-year estate planning that I thought would provide an interesting read for our clients: How Volatility Eases Estate Planning Survivors' Biggest Mistakes More Year-End Tax Savings Of course, before taking any concrete estate planning or tax planning actions, please contact a qualified Florida estate planning attorney.

Noah Davishttp://www.blogger.com/profile/14477431046756270810noreply@blogger.com0tag:blogger.com,1999:blog-7420174137523969056.post-20242133264569376272011-11-01T16:37:00.000-07:002011-12-18T11:30:22.776-08:00

Doing business offshore can be complicated from a legal and tax standpoint, but it can be very profitable and practical to manage if you have the proper legal expertise guiding you. Because trust law is complex, and every person has a distinctive set of circumstances that need be taken into account, it helps to understand exactly who can benefit from an offshore trust: Individuals who wish to

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