Spouses of   gay marriages    should be talking to their accountants and tax advisers well before April 15 to take advantage of any   income tax benefits   which may now be enjoyed by same sex couples.   When the US Supreme Court overturned DOMA (defense of marriage act) last June, it meant that same sex spouses could not get tax benefits previously only given to hetero couples.  You should also   talk to your Florida estate planning attorney   about wills, trusts and estates: and inheritance rights and probate rights.    Don’t you want to take advantage of the unlimited marital deduction for estate tax purposes?

How do you get punitive damages in a Palm Beach lawsuit? Most Palm Beach trial lawyers and those that are involved in   Palm Beach lawsuits    and trials know that you have to request (or    “move”   ) to bring a    claim for punitive damages in Florida.     Your Palm Beach litigator needs to    proffer    facts, and evidence, from which a judge may make a ruling, and permit you to bring an additional claim for punitive damages. In other words, if you’re involved in a Palm Beach trial, your Palm Beach litigator cannot simply bring a claim of punitive damages from the get-go. 

Worried about Florida trust investments  ?   Trust investment losses   a concern?   Everyone knows that a     Florida trustee must invest trust assets “prudently.”  After all, the    Florida Trust Code    regulates a Florida trustee’s conduct just as a Palm Beach Probate is ruled by the Florida Probate Code.   And everyone seems to know that Florida trustees are governed by Florida’s “prudent investor rule” of Chapter 518 of the Florida Statutes, ‘though few may actually know what it means to be a    prudent trustee   or prudent investor. Whether you choose to delegate investment functions to an   investment agent    under the   Florida Trust Code    or not, here’s a few things you can learn, or re-remember, from a recent Louisiana case which lost millions.

Marriages can be expensive ! Even if they only last 2 years and even if one spouse dies 16 years later !    This recent Minnesota probate case highlights how “busy” estate lawsuits can be after your dead.    This   probate litigation case   involves a charitable remainder trust, a revocable trust, a power of attorney and the   moving of  bonds from a trust account    to a pay on death account, and ex-wife, a friend who inherits the whole estate, and  children who are disinherited and are contesting the will —  based on undue influence and lack of capacity to make a will. Oh yes, who pays the income tax on those trust distributions?

This recent Arkansas probate litigation case shows you what type of   probate litigation   can erupt after one spouse loses another spouse and has a “friend” or “companion.”  Trust lawsuits,   changing bank accounts, buying condos, and    powers of attorney    are at the center of this inheritance lawsuit involving Dad’s companion, a trustee of his trust and 2 sons who are alledged to have taken a pay on death bank account— while dad was in hospice care.    See, these probate lawsuits don’t occur just in Florida.

This Texas case, whose opinion was published just a few days ago, touches on two issues that are  very common for Palm Beach probate litigators     who are involved in estate litigation:  modifying  the  terms o f  a  trust    and settlement    agreements    for probate lawsuits which result from a mediation conference.  Most Florida probate courts, including the Palm Beach probate courts and the Ft. Lauderdale probate courts,   often require parties to a probate lawsuit to go to mediation.    Mediation is an attempt to resolve   issues involving inheritance fights, or probate litigation and estate lawsuits.

This recent Illinois case shows you that   Ponzi schemes   are still going on, even in a post Madoff era.  Trustees of family trusts    and    marital trusts    need to be cautious about where they invest trust funds and who they invest with.   Trustees or any individual investor who is considering investing money may want to read this trust lawsuit case involving fraud and ask yourself 2 questions:   1)   Was this prudent investing  on the part of the trustees of the family trust ?    2)    Shouldn’t I just    invest trust assets with a large trust company   ?

Where’s the money ?  That’s a question that a lot of   Palm Beach estate beneficiaries and trust beneficiaries from Boca Raton to Fort Lauderdale ask themselves, and the    trustees of family trusts,   and the personal representatives of  Florida estates. Did a   personal representative  of an   estate   steal oil & gas royalties,   sales $$$, which should have gone to a family trust ???   Or did the deceased person do that  ?

This is a case which has common facts of many Florida trust lawsuits.  A marital trust.  A second or third wife.  Children from a prior relationship.  A dead husband and father. A  trust which gives the   trust income   to the stepmother or widow, while the   children   from the prior relationship are the remainder trust beneficiaries.  Oil and water? Blood money? Trust litigation? Yes.

This California case shows you how  stepfathers    and    stepsons   can litigate over “stuff” that’s decades old. A 40 year marriage? Doesn’t matter ! What matters? The money !! Florida probate litigators and Palm Beach Estate Attorneys know that Florida homestead, and a Florida residence, and Florida  land, are very important to   estate planning    clients.Many times they  have sentimental and personal values, which may be greater than the financial worth of the property.