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Articles Posted in Uncategorized

Understanding Step-Up in Basis
Rarick & Bowden Gold

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 of the decedent’s death, this…

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Contract Review: Does Covid-19 Excuse Performance?
Rarick & Bowden Gold

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 Force Majeure clause is a standard…

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The Paycheck Protection Fund Is Dry – But Don’t Give Up!
Rarick & Bowden Gold

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! Although I have heard of…

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Apply Now! Paycheck Protection Program Is A Life Saver For Small Business
Rarick & Bowden Gold

By Phil Rarick, Jacqueline Bowden Gold, and Jay Beskin, Miami Lakes and Weston Business Law Attorneys Note: The following is a preliminary review of key parts of the CARES Act; this commentary is subject to change upon guidance from the SBA and U.S. government On March 27th, Congress passed and the President signed into law…

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Alert: Florida’s Remote Online Notarization Begins January 1, 2020
Rarick & Bowden Gold

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 deeds, mortgages and other instruments.…

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The One Inconvenient Truth About the “Living Trust Revolution”
Rarick & Bowden Gold

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 place in the United States.…

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3 Ways Family Law Attorneys Can Use Irrevocable Minor Trusts
Rarick & Bowden Gold

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 to brainstorm possible trust solutions…

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Strengthen Your Prenuptial Agreement With A Nevada Asset Protection Trust
Rarick & Bowden Gold

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 Trust (“APT”) that could only…

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7 Smart Tips For Hurricane Irma Insurance Claims – And 5 Traps
Rarick & Bowden Gold

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 immediately prior to Irma.) Document…

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