PLDO Law Blog

estate planning

Terminating Your Interest in a Charitable Trust

Terminating Your Interest in a Charitable Trust

A charitable remainder trust (“CRT”) is typically established as an irrevocable trust with an income stream reserved for the person who creates the trust (“the grantor”). When the income stream terminates, the remaining interest in the trust is donated to a charity. A...

Why Wealth Migration to Florida is Expected to Continue

Why Wealth Migration to Florida is Expected to Continue

Wealthy individuals have been flocking to Florida for years. According to the website howmoneywalks.com, from 1992 to 2016, the IRS Division of Statistics, U.S. Census Bureau reported Florida gained $27 billion in taxable income from New York, $18 billion from New...