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…
Articles Posted in Miami asset protection lawyer
Olmstead Patch Bill Signed by Governor: Multi-Member Florida LLC’s Improved As Asset Protection Entity
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…
MOVING TO FLORIDA: MANY ADVANTAGES – BUT BEWARE OF THREE TRAPS
By Phillip B. Rarick, Miami Trust Attorney Executive Summary In addition to our sunshine, Florida has one of the best tax and asset protection climates of any state in the country. Florida has no state income tax, no fiduciary tax, no intangible tax, no estate tax, and arguably the most…
A Life Estate the Spouse Can’t Afford: Florida Homestead Trap Cured by New Law
By Phillip B. Rarick, Miami Trust Attorney Who is Impacted by This Legislation, F.S. § 732.401? The surviving spouse of a decedent when the decedent owned homestead property which was not properly devised or cannot be devised is impacted by this legislation. However, all Florida probate attorneys need to know…