Mildred Gomez

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Art Basel: Tax Ramifications for American and International Art Collectors

Since its launch in 2002, Art Basel in Miami Beach has become what many consider the most prestigious and influential art fair in the Americas. The 2014 fair saw more than 70,000 international visitors descend on Miami for the four-day event, and the 2015 edition promises to surpass that figure, with 267 galleries from 31 … Continue Reading

Florida Residency Required for Homestead Protection

One of the top reasons for moving to Florida, aside from the year-round sunny weather and the multitude of exciting things to do, is the homestead protection afforded to Florida residents. Article X, §4(a) of the Florida Constitution protects Florida homestead property from levy and execution by an owner’s creditors during the owner’s lifetime. Under … Continue Reading

Expiration of the Current Estate Tax Exemption Amount

Under current governing law, every individual has a $5,120,000 lifetime gift tax exemption, which amounts to a $10,240,000 combined lifetime exemption for married couples.  But the current lifetime gift tax exemption amount is scheduled to revert back to $1,000,000 in 2013.  That makes the remaining months of 2012 a prime time for Miami residents to … Continue Reading

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