Fall 2016
This edition of GENERATIONS is  focused on Real Estate... the "do's" and the "don'ts."   
 
Florida "Homestead" i s a fabulous benefit in so many ways including asset protection, real estate tax savings, and protection for minors and spouses upon one's death. We hope you enjoy these informative articles.
 
Important Tax Law Changes and Impact of Trump Presidency
Please look for a special client alert analyzing the new presidential tax reform plan and potentially significant tax law changes. We will also keep you posted on recently proposed IRS regulations that will impact the discounting of assets transferred to family members.    
Thank you for reading!
Ed Wollman
Wollman, Gehrke & Solomon, PA        
Homestead House
TEN HOMESTEAD TRAPS FOR THE UNWARY
by Edward Wollman & David R. Pash
Florida provides its residents very generous homestead protections and exemptions, but also restricts the ability to transfer the homestead. As a result, it is very important to understand these protections, how to apply for exemptions, common mistakes that can result in your loss of these benefits, and how you may be limited in your ability to transfer your homestead.

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THE DO'S AND DON'TS OF GIVING AWAY YOUR HOMESTEAD
by Edward Wollman & David R. Pash
Careful estate planning now can result in the minimization or elimination of gift, estate, and income taxes on the transfer of your home to your heirs. Additionally, be sure to have a Will or Revocable Trust because failure to do so may result in your home passing under the Florida intestacy and Homestead laws.

REAL ESTATE LAW SERVICES
by Wollman, Gehrke & Solomon, P.A.
In many situations, real estate makes up a large portion of an individual's estate and net worth. Homes, investment properties, and more can all be instrumental pieces of an individual's future success and financial well-being. 
DOWNSIZING 101: GETTING READY FOR THE TRANSITION
by Edward Wollman
When it's time to downsize your home, you are the sole decision maker on what is truly valuable to you and what you may wish to give away to family or charity.
 
REAL ESTATE LAW 101: HOW SHOULD A MARRIED COUPLE TAKE TITLE TO FLORIDA PROPERTY?
by Edward Wollman

Are Tenants by the Entireties (T-by-E) the same thing as Joint Tenants with Rights of Survivorship (JTROS)? The simple answer is that they appear to be very similar and therefore, they are often mistaken for one another. Buyer beware; they are not similar!
FEATURED TEAM MEMBER

Marcie A. Poulos
 
Marcie A. Poulos graduated cum laude from Providence College and New England School of Law and earned a master's degree in taxation from Georgetown University Law Center. As a former Attorney Advisor with the IRS Office of Associate Chief Counsel (Corporate) in Washington, D.C. Marcie has extensive experience in corporate tax planning at the federal level. Today, her practice focuses on estate, trust, and business matters, including transactional tax and charitable planning. She is on the boards of Parkinson Association of Southwest Florida (Treasurer), Books for Collier Kids, Naples Zoo Planned Giving Committee, and the Professional Advisors Council of the Community Foundation of Collier County. Outside of the office, Marcie enjoys spending time paddle boarding on the Gulf. 

Learn more about 

"IN THE NEWS"


Ed Wollman - Featured in Community Foundation of Collier County "Connector" 2016 Annual Report. Ed explains how to leave a lasting legacy through estate planning.

Parkinson SWFL Logo


Ed Wollman  - Recently appointed to Chairman of the Board of C'mon! Golisano Children's Museum of Naples and the Advisory Board of  Parkinson Association of Southwest Florida . 

                  

John Costello  - S elected as a member of the Executive Council of the Real Property, Probate & Trust Law Section of the Florida Bar in July. Congrats!


Wollman, Gehrke & Solomon, P.A.  sponsored  C'mon Comedy Night, hosted by  Children's Museum of Naples on September 29th at Off the Hook Comedy Club. Wonderful evening for a wonderful cause!

Hopefully you enjoyed the subjects covered in the Fall 2016 edition of GENERATIONS. Your feedback and suggestions for future topics are always welcome. 

Our goal is to address items of relevance and understanding of the topics that concern you. 

As always, if we can be of assistance in any way, please do not hesitate to contact our office.
We look forward to speaking with you!
 
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