by Randy Coleman | Sep 18, 2011 | Advance Directives in Florida, Durable Power of Attorney, Estate Planning |
On October 1, 2011, Florida’s new Power of Attorney Act will become effective for all powers of attorney used in the state of Florida. While the goal of the Florida legislature in adopting the Act was to address perceived defects in the current law, the new Act...
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 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 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 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...
