by Randy Coleman | Sep 9, 2011 | Asset Protection, Beneficiary Designations, Business Owners, Business Succession Planning, Buy-Sell Agreements, Estate Planning, Estate Taxes, Life Insurance Protection, Small Business Law |
Why don’t women understand the need and importance of estate planning? It happens at least once a week. A woman comes to my office because some matter of urgency has triggered the “fear factor” and “forced” them to consult...
by Randy Coleman | Sep 8, 2011 | Beneficiary Designations, Estate Planning, Individual Retirement Accounts, IRAs, Retirement Accounts, Retirement Planning, Revocable Living Trusts, ROTH IRAs |
An article in today’s Wall Street Journal and a recent Florida Supreme Court decision are emphatic reminders of why you should periodically review your beneficiary designations for retirement plans and life insurance policies. The Wall Street Journal...
by Randy Coleman | Aug 11, 2011 | Asset Protection, Crazy Lawsuits |
The finalists for the Ridiculous Lawsuits of the Month for August have been announced, and here they are:1. Michigan woman sues Facebook “boyfriend” in Washington after their “relationship” ends. She wants more than...
by Randy Coleman | Aug 5, 2011 | Advance Directives in Florida, Durable Power of Attorney, Estate Planning, Guardianship, Health Care Power of Attorney, Living Will, Probate, Revocable Living Trusts, Tenancy by the Entireties, Titling of Assets, Wills and Probate |
One of my colleagues who is a member of WealthCounsel recently posted an article explaining why revocable living trusts are not just for the rich. I certainly concur with her sentiments and will emphasize a couple of the points she made.The primary advantage of...
by Randy Coleman | Jul 21, 2011 | Asset Protection, Business Owners, Business Succession Planning, Charging Order Protection, Corporations, Family Business, Family Limited Partnership, Income Taxes, Intentionally Defective Grantor Trusts, Internal Revenue Service (IRS), Limited Liability Companies, Small Business Law |
After my last post involving the legislative change in Florida that confirms the charging order as the exclusive remedy for a judgment creditor against an ownership interest in an limited liability company (“LLC”), I received a number of calls and...
by Randy Coleman | Jul 10, 2011 | Asset Protection, Business Owners, Business Succession Planning, Charging Order Protection, Corporations, Estate Planning, Estate Taxes, Family Business, Gift Tax, Income Taxes, Internal Revenue Service (IRS), Limited Liability Companies, Small Business Law |
In the 2010 case of Olmstead vs. Federal Trade Commission, the Florida Supreme Court ruled that the “charging order” was not the sole and exclusive remedy for a judgment creditor of a single-member limited liability company (“LLC”) (we...
by Randy Coleman | Jul 8, 2011 | Asset Protection, Elder Care, Medicaid Planning, Nursing Homes |
Earlier this week, at a lunch meeting with a financial advisor who has referred many estate planning clients to me over the past 15+ years, our discussion turned to an issue one of his clients was experiencing with regard to his elderly parents. This client’s...
by Randy Coleman | Jul 6, 2011 | Discretionary Trusts, Estate Planning, Revocable Living Trusts |
A timeless article appeared recently in Forbes.com – “Giving an Inheritance The Right Way.” Timeless because the points made in the article by Liz Davidson are true today, were true yesterday, and will be true tomorrow. Her first point is...
by Randy Coleman | Jun 29, 2011 | Asset Protection, Business Owners |
This month’s Ridiculous Lawsuits of the month, as provided by the US Chamber Institute for Legal Reform offers more reasons to be concerned with asset protection. 1 – Unemployed Graduate Sues Law School over Lack of Job...
by Randy Coleman | Jun 14, 2011 | Advance Directives in Florida, Durable Power of Attorney, Guardianship, Health Care Power of Attorney, Living Will |
As Deborah Jacobs has so eloquently stated in her Forbes.com article, Estate Planning for Women (and the Men Who Love Them), estate planning is, or at least should be, an issue for all women, young or old, rich or not so rich, married or unmarried, parent or...
