An irrevocable trust is most commonly established by written trust agreement amongst family members and cannot be modified or terminated unless ordered by the Court or all parties to trust otherwise agree. An irrevocable trust may also be created upon death via last will or revocable living trust. While there are several reasons for establishing …
What Is An Irrevocable Trust And Why Do I Need One? Read More »
The last few years I’ve noticed several financial advisors I work with strongly urging our mutual wealthy clients to make conservation easement investments. Warren Sapp‘s recent 11/19/20 U.S. Tax Court win illustrates why. Short answer: a properly structured investment in a conservation easement will reduce one’s U.S. taxable estate and generate significant operating losses that can …
Former NFL Star Warren Sapp Wins Tax Court Conservation Easement Fight Read More »
Most people would rather not talk or think about planning for their death. As unpleasant as the thought of estate planning may be, it is a vital consideration that every condo or co-op unit owner must not overlook. When arranging plans for who will inherit a condo or co-op unit after the owner’s death, one …
Five Tax And Estate Planning Tips For Florida Co-Op And Condo Owners Read More »
The law offices of Locksley A. Rhoden, P.L. dba The Wealth Protection Firm is a boutique personal services law firm specializing in
business, taxation, charitable organizations, trust and estate planning, probate administration, trust administration, probate litigation, trust litigation and IRS representation.
We provide our clients with comprehensive and customized planning solutions designed to protect assets, insulate liability
exposure, minimize taxes and plan the transition of ownership and control of family wealth to future generations.
