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Articles Posted in Miami asset protection lawyer

Watch for this Scam: Florida Center of Corporations
Rarick Trusts & Wills Law, P.A.

By Phillip B. Rarick, Miami Probate Attorney We endeavor to keep you up on scams directed at Florida businesses and here is another one. Special thanks for this Scam Alert to alert readers Josefina Piedra and Tere Kipp. If you receive a letter appearing to be an “official” letter from the state of Florida advising…

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UNDERSTANDING LIVING TRUSTS: A QUICK GUIDE IN PLAIN ENGLISH
Rarick Trusts & Wills Law, P.A.

By: Phillip B. Rarick, Esq., Miami Trust Attorney I am pleased to announce that we have published on our web site a quick and easy explanation of living trusts. Click here: Understanding Living Trusts. Note: A PowerPoint presentation will appear in your lower task bar; click the presentation. Every person should have a living trust,…

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Transfer of Florida Homestead to a Revocable Trust: Assessing The Risks and Benefits
Rarick Trusts & Wills Law, P.A.

By Phillip B. Rarick, Esq. and Ashley Fernald In Florida there is frequently the difficult issue of whether to transfer homestead to a revocable living trust. The client wants to avoid probate and therefore generally wants to transfer the homestead to the trust. However, since the Bosonetto case in 2001, there has been uncertainty as…

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Watch For This Scam: Corporate Records Service
Rarick Trusts & Wills Law, P.A.

By Miami Trust Attorney Phillip B. Rarick, Esq. Last year I reminded you of a state-wide corporate scam called Compliance Services. Well, they are at it again! Recently (approximately January 7-11, 2013) you may have received a letter that looks like an “official” letter from the state of Florida by a company called Corporate Records…

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Standby Florida Elective Share Trusts
Rarick Trusts & Wills Law, P.A.

By Miami Probate Attorney Phillip B. Rarick, Esq. Florida’s elective share statute allows attorneys to draft standby Florida elective share trusts. (For a summary of Florida’s elective share see our post: Florida’s Sweeping Elective Share.) As of April 23, 2002, trusts that create property interests contingent upon an election being made are now qualified to…

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Asset Protection in Florida: Five Common Mistakes – Five Tested Solutions
Rarick Trusts & Wills Law, P.A.

By Miami Asset Protection Attorney Phillip B. Rarick, Esq. In our litigious society anyone can become a target of a plaintiff seeking to get a money judgment against you personally. In today’s real estate market, where it is usually impossible to negotiate with the lender, deficiency judgments are a major concern. You may have excellent…

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Moving to Florida: Tips On How To Avoid The Tax Traps
Rarick Trusts & Wills Law, P.A.

A common over-sight of persons moving to Florida is failing to take their trust. They may have packed their trust and taken it with them, but the trust situs remains in their original state. This is usually a mistake. The fact that a client has moved to Florida will not generally mean that the law…

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New Florida Durable Power of Attorney Law Makes Sweeping Changes
Rarick Trusts & Wills Law, P.A.

Introduction The Florida legislature recently enacted the “Florida Power of Attorney Act” (“FPOA”, Fla. Stat. §§709.2101-.2402), fundamentally overhauling existing law, and making sweeping new changes. Even though the new law recognizes durable power of attorneys (“DPA’s) executed under the prior law, we are advising clients to update their DPA, if more than a year old,…

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FLORIDA GUARDIANSHIP QUICK REFERENCE GUIDE
Rarick Trusts & Wills Law, P.A.

By Phillip B. Rarick, Esq., Miami Probate Attorney Introduction The commencement of a Florida guardianship is typically used in two situations – either when a person may be incapacitated or when a minor receives assets in excess of $15,000. If a guardianship is sought because someone may be incapacitated, then typically the court sets two…

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Olmstead Patch Bill Signed by Governor: Multi-Member Florida LLC’s Improved As Asset Protection Entity
Rarick Trusts & Wills Law, P.A.

By Phillip B. Rarick, Esq., Miami Asset Protection Attorney Executive Summary: Last summer in the case of Olmstead V. F.T.C the Florida Supreme Court held that a charging order is not the exclusive remedy against a single member LLC and indicated that it may not be the exclusive remedy against a multi-member LLC. 2010 WL…

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