Archived
I would like to transfer a Florida corporation to my name but my mother has passed away before transferring to me.
Barry's answer
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Answered on August 04, 2014
Sorry to hear about your mother's passing. I'm assuming the entity is wholly or partly owned by your mother in her name personally. As a result,...
Archived
Is my IRA protected against creditors in the state of Florida.
Barry's answer
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Answered on July 28, 2014
Generally, IRAs are exempt from creditors in the state of Florida. See Fla. Stat. 222.11.
Archived
How should I handle my Will preparation when one of my adult children has a court ordered judgment.
Barry's answer
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Answered on July 27, 2014
Everyone can take advantage of a variety of vehicles to protect their assets. As was mentioned, homestead is a useful tool. Likewise, business...
Archived
I am a florida resident, have real estate in different states,travel a lot, should I do an llc for my property ? and what state.
Barry's answer
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Answered on July 25, 2014
When dealing with real properties in many states, you want to accomplish 3 objectives: first, you want to ensure ownership of the assets is is...
Archived
If I transfer my own homestead into a self-settled trust, will Miami-Dade county reassess the value for tax purposes?
Barry's answer
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Answered on July 24, 2014
While years ago that answer would be a clear "yes", the laws have eased up a bit in the context of transferring homestead real property to trust....
Archived
Business
Barry's answer
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Answered on July 14, 2014
Even if lawful, don't forget gift tax liability arises to the extent the amount received is in excess of the fair market value.
Archived
What is better to protect own real estate properties, to have a living Will or to have a living revocable trust?
Barry's answer
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Answered on June 25, 2014
My colleagues provided excellent answers to your question. The only point I'd like to add is that to protect the property from creditors, you may...
Best way to title a new car for asset protection and estate planning when one of the title holders has creditor issues
Barry's answer
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Answered on June 20, 2014
Putting an automobile in trust is not a good idea, simply for liability purposes.
Archived
Can I create an "addendum" to my will to detail handling of personal items?
Barry's answer
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Answered on June 18, 2014
I agree with my colleagues. The only point I'd like to add is to caution you against modifying the existing document in any way. You need a new...
Archived
What kind of attorney do I have to consult regarding my business
Barry's answer
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Answered on June 16, 2014
Governing documents would typically control, among other things, all aspects relating to distributions to partners. Governing documents would...
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