Florida Elder Law & Estate Planning Blog


Joe and Jon Karp on “Oh My God I’m Getting Older And So Is My Mom”
July 22, 2022

Oh My God I’m Getting Older And So Is My Mom on July 18 featured Joseph Karp and Jonathan Karp. The father-son lawyer duo had a lively discussion with host Scott Greenberg about some intriguing topics: why some people are…

more
estate tax
Estate Tax and Inheritance Tax: Know The Difference
February 16, 2022

“I figured out why Uncle Sam wears such a tall hat. It comes in handy when he passes it around.”  -Soupy Sales As Soupy’s quip suggests, there are taxes for just about everything – including death. Clients doing estate planning…

more
Tips To Avoid Tax Refund Delays
January 19, 2022

Tax filing season begins January 24 and ends on April 18, and the Internal Revenue Service is warning filers that this will be a “frustrating” tax season. Unfortunately, frustration is nothing new for many taxpayers. A recent briefing from the…

more
biden tax proposal
Biden’s Tax Proposals And Your Estate Plan
June 26, 2021

The Biden Administration’s tax proposals have been on the minds of many of our clients.  You may be wondering if and how your estate plan will be impacted, and what you should do now to minimize your heirs’ tax liability. …

more
rmd
RMD’s Return This Year, More RMD Changes On Horizon
January 13, 2021

Many of the rules governing retirement accounts have changed over the last few years. Now, more changes have arrived or are on the way. Required Minimum Distributions Return In 2021 The Coronavirus Aid, Relief and Economic Security Act, passed in…

more
estate tax
Federal Estate Tax: How It May Impact You and Your Family
November 27, 2020

The federal estate and gift tax has long been the cause of confusion, due in part to frequent changes in the law over the past decades. Whether you have an estate plan in place or are just embarking on your…

more
IRS gives more Americans access to corona virus-related penalty-free loans, distributions from retirement accounts
June 24, 2020

The CARES Act was designed to provide a measure of financial relief to Americans impacted by the coronavirus pandemic. The two-trillion-dollar legislation was passed on March 27, 2020. As noted in a prior post, among the law’s provisions is an…

more
IRS gives most individual taxpayers until July 15 to file
IRS gives most individual taxpayers until July 15 to file
March 17, 2020

The Internal Revenue Service has just announced that most Americans will have an additional 90 days to pay taxes due to the unprecedented situation we are facing. This pushes the deadline date from April 15 to July 15, 2020. The…

more
Breaking Up With Your High-Tax State Can Be Hard To Do
Breaking Up With Your High-Tax State Can Be Hard To Do
August 10, 2019

Increasing numbers of people are fleeing high tax states for lower-tax environments such as Florida. People have always moved to Florida to escape estate taxes and income taxes, of course. However, the migration has kicked into higher gear of late…

more
taxes
New 1040 Tax Form: Really Simpler?
August 4, 2018

In keeping with the administration’s vow to simplify tax filing, the Internal Revenue Service is putting finishing touches on its revised 1040 income tax form. Although not quite the postcard size touted by the administration, it is indeed smaller: The…

more