Clearing Estate Taxes in Real Estate Transactions
When a Fund Member is handling a real estate transaction that involves a deceased owner, the potential for estate taxes is one of the many issues to be addressed. This is especially true for large estates, whether or not the deceased is a Florida resident.
Under the terms of the Economic Growth and Tax Relief Reconciliation Act of 2001 (and subsequent amendments), any resident or nonresident dying on or after Jan. 1, 2005, is not subject to Florida estate taxes. Therefore, the focus of this article will be limited to addressing potential federal estate taxes during a real estate transaction.
Also Included In This Month's Issue:
- Case Reviews
- Standard Commitment Clauses Updated
- Access Fund Title Notes Online
- Legal Education Keeps you “A Pace” in June
- Fund Staff Lawyers In Service
- In Memoriam – Betty Capeluto
- Summary of 2020 Revisions to Title Notes
06/01/2021