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Articles Posted in Asset Protection

By Phil Rarick & Jacqueline Bowden Gold, Estate & Business Law Attorneys

 
______#1.       Coronavirus Check Calculator.  Here is a simple, handy calculator describing who qualifies for the federal pandemic legislation checks and determines the amount of the check.  Click here:   Coronavirus Checks Calculator

When Will Checks Arrive?   Secretary Mnuchin said that direct deposits will start going out April 17 followed by checks in the mail.  It is not clear how long it will take the Treasury Department to get these checks out by mail – some experts caution it could take weeks or months.

By Phil Rarick & Jacqueline Bowden Gold, Miami Lakes and Weston Business Law Attorneys

First, I want to share with you this simple, handy calculator that appeared in the Washington Post describing who qualifies for the federal Pandemic legislation checks and determines the amount of the check.

Click here:   Coronavirus Checks Calculator

By Phillip B. Rarick, Esq.,  Miami Lakes and Weston Estate Planning Attorney

Within the past week, the Florida Department of State began sending notices by email to all persons with interests in Florida corporate entities, such as LLC’s, corporations, and limited partnerships.  These reports are due May 1, 2020 and there is no waiver of the $400 late fee if you miss this deadline.

The official Florida web site  at www.sunbiz.org has “Consumer Notices”  to alert you to bogus web sites that try to scam persons who file these reports.

By Phillip B. Rarick, Esq., Miami Asset Protection Attorney

If you have never checked Florida’s web site for lost accounts and abandoned property you should do so – immediately. You may be pleasantly surprised!

You may think that it is not possible that you have any “unclaimed” property held by the State of Florida – and you could be wrong.

You will miss this deadline if you do not read carefully – and you may need a magnifying glass to find it.  Within the past two weeks you should have received in the mail a “Notice of Proposed Property Taxes” or “TRIM Notice” from your county property tax appraiser.  Buried at the bottom of your  Notice in small print is an important deadline for appealing your tax assessment.

Clearly, the county does not want to encourage you to appeal your property taxes.

Note these deadlines:

By Phil Rarick, Esq.

May the odds be with you – but frankly they are not:

  • A recent study indicated that the average lawyer can now expect three legal malpractice claims during his or her career.

By Phil Rarick, Esq.

The Message.   

Apparently the message has not got out:  In 2011, the legislature threw Florida single member LLC’s under the bus.  In a compromise with the bank lobbyists called the Olmstead Patch, multi-member Florida LLC’s (or limited liability companies) were given charging order protection, but a Florida single member LLC receive none.   This means a Florida single member LLC can be easily attacked because creditors are not limited to a charging order; rather creditors can foreclose on their interests. See F.S. 605.0503Olmstead V. F.T.C.   Also See Olmstead Patch.

May the odds be with you –but frankly they’re not.    More than 60% of doctors over the age of 55 have been sued at least once, according to a new survey by the American Medical Association (AMA).  Doctors are not the only professionals at risk. Virtually all small business owners and professionals face multiple risks from the person injured at a party on  one of your properties, the “friend” who borrows your jet ski and hits a swimmer,  dissatisfied customers, disgruntled employees, and unhappy ex-partners.

It is a simple reality: We live in a hostile legal environment, and the chance you will not face costly litigation at some point in your career is not good. The good news is that you can fight back.  Here is a quick summary of our “Porcupine” Asset Protection Strategy with tested legal strategies that can help protect your investments and property.

  1. Make Your Assets As Unattractive as Possible to Attack with a Good Asset Protection Strategy
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