FLORIDA ESTATE PLANNING AND PROBATE LAW BLOG

The Florida Estate Planning and Probate Law Blog is focused on recent federal and state case law and planning ideas.

2015 RETIREMENT PLAN CONTRIBUTION LIMITS

♠ Posted by Marc J. Soss in ,,,,,,,
Traditional and Roth 401(k), 403(b) and 457(b) Retirement Accounts These employer sponsored retirement accounts you to contribute up to $18,000 (up from $17,500 in 2014) per year if you are less than 50 years old or up to $24,000 (up from $23,000 in 2014) if you are 50 years old or older. Additionally, many employers match contributions and/or provide profit sharing contributions. The maximum contribution amount you and your employer (combined) can make per year is $53,000 (up from $52,000 in 2014), based on $265,000 (up from $260,000 in 2014) maximum considered compensation. Simplified Employee Pension Plan Accounts (SEPs) Employers can contribute up to 25% of an employee’s compensation. The maximum contribution an employer can make is $53,000 (up from $52,000 in 2014), based on $265,000 (up from $260,000 in 2014) maximum considered compensation. Savings Incentive Match PLan for Employees (SIMPLE) IRA Accounts SIMPLE plan accounts allow...
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FLORIDA ALLOWS SAME SEX MARRIAGE

♠ Posted by Marc J. Soss
On August 21st, 2014, the U.S. District Court Judge, in the case of Brenner v. Scott, ruled that Florida’s constitutional and statutory bans on same-sex marriage were unconstitutional.  As a result, same-sex couples living in Florida are now able to marry.  The case is now on appeal with the 11th Circuit Court of Appeals. This case is a huge win for same-sex couples, especially for the many same-sex spouses that live in states which already recognize same-sex marriage and desire to relocate to Florida.  Prior to this ruling, these couples faced many legal challenges, including legal issues with intestacy, parenting, estate planning, probate and adoption.  These couples can now have peace of mind as they move forward to become “snowbirds...
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FLORIDA ALLOWS SAME SEX MARRIAGE

♠ Posted by Marc J. Soss
Florida has become one of the thirty-six states, including 70 percent of the nation's population, which now allow gay marriage. From South Carolina up the East Coast, court rulings and legislatures have gradually opened the door to same-sex weddings. A state court ruling in Pareto v. Ruvin allowed same-sex couples to obtain marriage licenses on January 6, 2015....
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