http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0736/Sections/0736.0602.html WebNov 24, 2024 · Community Property Trust Act. Florida is not a community property state, however, CPTA allows married couples to opt into community property treatment by creating a "community property trust" and transferring assets to the trust. Assets that are owned as community property are deemed to be owned one-half by each spouse and, …
Chapter 736 Section 1501 - 2024 Florida Statutes - The Florida …
WebJul 1, 2024 · The new Florida rules gives Florida residents and non-residents alike the ability to establish a community property trust (or to decant an old trust into a community property trust) after July 1, 2024. This means that Florida residents and non-residents alike have an additional tax planning tool available to them. WebJul 1, 2024 · On June 29, 2024, Florida enacted the Florida Uniform Directed Trust Act ("FUDTA") and the Community Property Trust Act ("CPTA"). Florida will now have a … c2c checker
Chapter 736 Section 1501 - 2024 Florida Statutes - The Florida …
WebSep 20, 2024 · In July 2024, Florida’s new Community Property Trust Act (CPTA) became law, along with another act signed on the same day, the Florida Uniform … WebThere are four updates to Florida law that clients should be aware of for estate and tax planning purposes: Florida’s extension of its rule against perpetuities period to 1,000 years; the passage of the Community Property Trust Act allowing married couples to opt to receive community-property treatment for assets held in a qualifying trust; an … WebJul 1, 2024 · The legislation is effective July 1, 2024. On June 29, 2024, Florida Governor Ron DeSantis signed into law SB 1070 (the "legislation"). The legislation makes … cloud server biznet