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 | Jun 7, 2011 | Asset Protection, Discretionary Trusts, Domestic Asset Protection Trusts, Estate Planning, Estate Taxes, Gift Tax, Income Taxes, Irrevocable Trusts, Life Insurance Protection |
Last night was a very interesting evening. As the guest of my good friend Dennis Rosa, a wealth manager at Morgan Stanley Smith Barney, I attended Morgan Stanley’s annual gift to the Northeast Florida community of bringing Andy Friedman to town. Andy...
by Randy Coleman | May 2, 2011 | estate tax, Estate Taxes, Income Taxes, Individual Retirement Accounts, Internal Revenue Service (IRS), IRAs, Retirement Accounts, ROTH IRAs |
As everyone is generally aware, Congress and state legislatures are in session and passing new laws. Unfortunately, many of them are laws dealing with increasing taxes, directly or indirectly. In other words, the statutes governing taxes at the federal,...
