The Supreme Court of the United States recently held in Sveen v. Melin that the retroactive application of a revocation-upon-divorce statute to a contract signed before the statute’s enactment does not violate the Contracts Clause of the United States Constitution. The background of the case involved Mark Sveen designating his spouse, Kaye Melin, as primary [...]
The 2017 Tax Act, which was signed into law in December, made dramatic changes in the estate and gift tax exemption amounts. This post focuses specifically on what is does to the estate and gift taxes and what that means for you. Highlights of the Act’s Estate and Gift Tax Changes: Increased Exemptions with [...]
The personal representative is the person, bank or trust company appointed by the judge to be in charge of the administration of the decedent’s probate estate. In Florida, the term “personal representative” is used instead of such terms as “executor, administrator and administratrix.” The personal representative has a legal duty to administer the probate estate [...]
