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Daily Archives:Friday, August 29, 2014

Recent Court Ruling Can Affect Some Trust Planning Strategies

August 29, 2014

The ways that statutes are written still leave plenty of room for interpretation in any area of law. Estate laws in Florida are no exception to this rule. This seems to have been the case in a recent legal dispute between the Internal Revenue Service (IRS) and a family trust. The ruling could become relevant for some people’s trust planning strategies.

The case involved the court’s interpretation of what it means for a trust to materially participate in business activities….