Florida Family Trust Companies: Tax and Nontax Considerations in The Florida Bar Journal

Brian M. Malec, shareholder in Dean Mead’s Orlando Estate and Succession Planning Department, and Scott A. Bowman, of Proskauer Rose in Boca Raton, recently co-authored the article titled, “Florida Family Trust Companies: Tax and Nontax Considerations.” The article, published in The Florida Bar Journal, May, 2015 Volume 89, No.5, may be viewed by clicking the link here: Florida Family Trust Companies: Tax and Nontax Considerations. The article provides an overview of Florida’s new Family Trust Company Act, which Brian was one of the principal authors of, and discusses how high net worth families can utilize a family trust company to provide fiduciary services, such as trust administration and wealth management, to family members or trusts created by or for the benefit of family members. The act becomes effective October 1, 2015.