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Florida Trust & Probate Attorneys Blog

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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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Informática de Fideicomisos y Testamentos para Abogados de la Florida

Informática de Fideicomisos y Testamentos para Abogados de la Florida REFERENCIA DE LEGALIZACÓN DE LA FLORIDA Por Phillip B. Rarick, Esq., Abogado de Legalización de Miami Resumen Ejecutivo La legalización es el proceso legal en cual los bienes de un descendiente son transferidos a otra persona de acuerdo a la…

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The Problem With A Florida Professional Association

Big Question: Can your practice survive if you suddenly die or become incapacitated?  Recently, a highly respected physician suddenly died owning 100% of his practice in a Professional Association. No other person was listed on Florida’s Sunbiz.org as an officer.  Payroll was paid on a weekly basis.   Even though the…

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Three Big Threats To Your Children Over 18 – And How To Protect Them

Three Big Threats To Your Children Over 18 – And How To Protect  Them By Phil Rarick, Weston Estate Planning Attorney You have done it.  You have guided (or you have survived) your children’s teen years.  They are now over 18.  They are now “sui juris” in the eyes of…

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Seven Point Year End Checklist

By Phil Rarick, Miami Trust Attorney Hard to believe we are in mid-Fall and 2016 is coming to a close.   Now may be a good time to sit down with a Miami trust attorney and review your estate plan.  One of the biggest problems we see with individual estate plans…

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FLORIDA COUNSEL NOTICE: FLORIDA DEEDS

By Phillip B. Rarick, Miami Trust Attorney Although the main focus of our Florida Counsel Services is probate, trust,  and corporate law,  we can assist your office if you need deeds to a trust or other entity. If you wish to use our deed services, click FLORIDA DEED INTAKE FORM.  Please complete this…

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5 Reasons Nevada Is Best State For Asset Protection Trust

By Phillip B. Rarick, Esq., Miami Trust Attorney State laws provide numerous legal opportunities for protecting your family’s hard earned wealth.  See my recent article:  Asset Protection for the Small Business Owner: 7 Key Strategies. An important domestic strategy is a Domestic Asset Protection Trust or DAPT. Because of the…

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FBAR Filing Deadline is June 30; Summary of Reporting Requirements for Off-Shore Assets

By Phil Rarick, Weston Estate Planning Attorney This report is a reminder that the FBAR or Report of Foreign Bank and Financial Account is due June 30.    The FBAR is required for U.S. persons having a financial interest or signature authority over one or more foreign financial accounts, including a…

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When Can A Non-Resident Of Florida Serve As The Personal Representative For A Probate Estate?

By Phillip B. Rarick, J.D, Miami Probate Attorney Note: Special thanks to Illinois attorney John E. Fish for the following question, which is one of the most frequent questions we receive. Executive Summary: A non-resident of Florida can serve as Personal Representative for a Florida probate estate only if  related…

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Should I have Separate LLC’s For Protecting Each Investment Property?

By Phil Rarick, Weston Business Attorney Here is a Big Red Flag:  bundling multiple investment properties in the same LLC. This is a mistake we are seeing more and more often:  a real estate investor has six condo rental homes; all rental homes are owned by the same LLC. This investor…

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