David G. Budd
David Budd is a shareholder of the firm and has practiced law in Southwest Florida since 1981. David has an AV rating from Martindale-Hubbell.
Prior to moving to Naples, David served as a trial attorney in the Antitrust Division of the United States Department of Justice, as Chief of the Antitrust Section in the Office of the Ohio Attorney General, as a partner and head corporate attorney in an Ohio law firm, and as in-house or general counsel to Florida corporations engaged in manufacturing and mining.
David has significant experience in business, corporate, estate planning and administration, and real estate.
Areas of Concentration
- Business Formation & Reorganization
- Business Transactions & Counseling
- Corporate Governance
- Mergers & Acquisitions
- Trusts & Estates
Transactional & Real Estate
- Acquisitions and Dispositions
- Developer & Contractor Services
- Lending Institutions & Borrower Services
- Title Search, Examination & Insurance
- Zoning & Land Use
- Counsel to business organizations engaged in agriculture, food and beverage enterprises, and real estate construction, development and investment.
- Formation of domestic, foreign and offshore corporations and LCCs for liability, insurance, and estate and tax planning.
- Investigation and land use planning for zoning and permitting, for highest and best use, of large real estate developments.
Powell, Marion Estate, TC Memo 1992-367, Code Sec. 2036, RIA TC Memo §92367, 63 CCH TCM 3192. Decedent transferred annual fractional interests in the residence to her children to take advantage of the annual gift tax exclusion. After the first such transfer, Decedent moved to a retirement community and did not return to the residence. At her death, Decedent and her children owned the residence as tenants in common. The Court held that there was no agreement, expressed or implied, that the residence would remain the home of the Decedent; that her right as a tenant in common did not cause her to be in possession or enjoyment of the cotenancies transferred; and thus, only the value of the Decedent’s cotenancy was includable in her gross estate under IRC Sec. 2036(a).
- Naples Area Board of Realtors, Associate Member
David served on active duty with the United States Naval Reserve in the mine force.