PLDO Law Blog

Month: September 2018

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...

HASTE MAKES WASTE . . . CASH THE CHECK.

One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...

ATTENTION SNOWBIRDS: DO YOU PASS THE DOMICILE TEST?

“A person doesn't know how much he has to be thankful for until he has to pay taxes on it.”  This anonymous quote is timely.  It is rumored that the Rhode Island Division of Taxation (“the Division”) is reviewing its procedures for determining whether a Rhode Islander...