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Understanding Step-Up in Basis

A Crucial Tool for Estate Planning By: Jacqueline R. Bowden Gold, Miami Estate Planning Attorney Step-up in basis is a tax provision in the United States that can significantly benefit those who inherit assets. By resetting the value of an inherited asset to its fair market value at the time…

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Contract Review: Does Covid-19 Excuse Performance?

by: Phillip B. Rarick, Esq. We have been helping small business owners survive and thrive – in good times and bad – for over 25 years. Here is how we may be able to help you in this current challenging business environment. 1.    Contract Review and Force Majeure. A…

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The Paycheck Protection Fund Is Dry – But Don’t Give Up!

by: Phillip B. Rarick, Esq. Here is the good news/bad news I received from my bank today regarding my Paycheck Protection Program (PPP) Application:  The good news:  your application has been approved; the bad: the SBA is out of money and you must wait for Congress to refund the program!…

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Alert: Florida’s Remote Online Notarization Begins January 1, 2020

By: Phil Rarick, Weston Estate Planning Attorney Editor’s Note:  The following is a public service Alert from Rarick & Bowden Gold, P.A.  This firm does not offer  or recommend Remote Online Notarization Service providers. Beginning January 1, 2020 Florida joins 20 other states allowing Remote Online Notarization or “RON” for…

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The One Inconvenient Truth About the “Living Trust Revolution”

By Phil Rarick & Jacqueline Bowden Gold, Weston Estate Planning Attorneys In 1992 estate planning attorneys  Robert Esperti and Renno Peterson wrote the best selling book, The Living Trust Revolution that captured the major shift in estate planning arising from the $6.8 trillion worth of wealth transfer beginning to take…

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3 Ways Family Law Attorneys Can Use Irrevocable Minor Trusts

By Phillip B. Rarick, Weston Estate Planning Attorney Irrevocable minors trusts should always be an important tool in the Family Law Attorneys bag of tools because  a well designed trust can address multiple issues that cannot be fully resolved through a Marital Settlement Agreement.   It may be a good idea…

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Strengthen Your Prenuptial Agreement With A Nevada Asset Protection Trust

By Phil Rarick All modern passenger jet planes have at least two engines.  Similar reasoning applies to prenuptial agreements.    Many will argue that a good prenuptial agreement should fly safely on its own without the need for a “second engine.”   However, a second engine could be a Nevada Asset Protection…

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7 Smart Tips For Hurricane Irma Insurance Claims – And 5 Traps

By Phil Rarick, J.D. 7 TIPS 1. Before You Clean Up Document Your Losses Do not start clean up until you have documented your losses from Hurricane Irma. Use your cell phone to document your structural, equipment, and water damages with ample video and pictures. (Hopefully you also took pictures…

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