by Randy Coleman | Sep 11, 2012 | Asset Protection |
The U.S. Chamber Institute for Legal Reform has ranked Florida among the 10 worst states for lawsuits. The biggest concern is the huge damage awards by Florida juries. The Institute’s conclusions provide ample reason to engage in asset protection...
by Randy Coleman | Sep 10, 2012 | Executor, Personal Representative, Trustee, Wills and Probate |
Saturday’s New York Times contained an article of interest. The New York socialite Brooke Astor apparently has bank accounts at CitiBank that have not yet been discovered by the executor of her estate – despite the fact that she died in 2007. ...
by Randy Coleman | Aug 30, 2012 | Discretionary Trusts, Estate Planning, estate tax, Estate Taxes, Exemption Planning, Gift Tax, Irrevocable Trusts, Retirement Planning, Revocable Living Trusts, Wills and Probate |
Legislation in effect until December 31, 2012 makes the present a particularly important time for tax planning. In late 2010, Congress passed and the President signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010...
by Randy Coleman | Aug 27, 2012 | Asset Protection, Charitable Planning, Disability Planning, Estate Planning, Life Insurance Protection, Long Term Care, Medicaid Planning, Medicare, Nursing Homes, Personal Care Contracts, Retirement Accounts, Retirement Planning, Social Security, Special Needs Trusts, Trust Administration |
Recently, The Coleman Law Firm was privileged to be a sponsor of the 10th Annual Angelwood Fashion Show and Luncheon, a wonderful event that raises funds for programs supporting children and adults with Autism, Cerebral Palsy, Down’s syndrome, Spina Bifida and...
by Randy Coleman | Aug 26, 2012 | Asset Protection, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Revocable Living Trusts |
As our population grows older, more and more families will face the need for long term care for their loved ones. The cost of a skilled nursing home care in Florida averages about $7,000 to $8,000 per month. That number increases each year.Medicare...
by Randy Coleman | Aug 25, 2012 | Asset Protection, Exemption Planning, Physicians and Asset Protection, Titling of Assets |
On September 11, 2012, The Diamond Group (an investment firm) is hosting a dinner meeting for members and prospective members of the Duval County Medical Society. Arni Diamond, the principal for The Diamond Group has invited me to speak on the topic of asset...
by Randy Coleman | Aug 24, 2012 | Asset Protection, Business Owners, Business Succession Planning, Corporate Compliance, Corporations, Family Business, Income Taxes, Internal Revenue Service (IRS), Life Insurance Protection, Small Business Law |
What happens when a company loses its top salesperson to a tragic accident? Imagine that the salesperson drove 40 percent of the company’s million-dollar-a-month revenue. Can the remaining, less experienced sales staff compensate for the loss? Do the...
by Randy Coleman | Aug 23, 2012 | Estate Planning, Income Taxes, Retirement Accounts, ROTH IRAs |
Now that the health care law has been declared constitutional, the remaining provisions will be going into effect. One little known provision is a new 3.8% investment income surtax, also called the health care surtax or the Medicare tax; it will go into effect on...
by Randy Coleman | Jul 27, 2012 | Advance Directives in Florida, Designation of Health Care Surrogate, Disability Planning, Durable Power of Attorney, Elder Care, Elder Law, Estate Planning, Health Care Power of Attorney, Living Will, Long Term Care, Medicaid Planning, Medicaid Qualified Irrevocable Income Only Trust, Nursing Homes, VA Aid and Attendance, VA Benefits, Veterans Pension Benefits |
We’re co-sponsoring a free lunch and learn seminar on July 31, 2012 to talk about Elder law issues affecting Florida’s seniors and the elderly. Why the information you will learn at this seminar will be important to you: 1. You will learn how to pay for...
by Randy Coleman | Jul 27, 2012 | Asset Protection, Beneficiary Designations, Estate Litigation, Estate Planning, Exemption Planning, Life Insurance Protection, Personal Representative, Probate, Probate Litigation, Revocable Living Trusts, Trust Administration, Will Contests, Wills and Probate |
Most people correctly believe that life insurance proceeds are exempt from creditors’ claims in Florida. That is an accurate paraphrasing of Florida Statutes, Section 222.13.Most people incorrectly believe that it makes no difference who is the beneficiary...
