Articles Posted in Miami estate planning attorney

By Phillip B. Rarick, Esq., Miami Asset Protection Attorney Click Here: Asset Protection in Florida – Part 2 – Tenancy By Entirety Note: PowerPoint Presentation will appear in bottom task bar. Also see our recent blog: Tenancy By Entireties In Florida: The Benefits – and 5 Traps Special Note The information on this blog is…

By Phillip B. Rarick, Esq., Miami Asset Protection Attorney Click here: Part 1 – Homestead and Other Protected Assets Note: PowerPoint Presentation will appear in bottom task bar. Read More: Florida Homestead – 3 Tricky Issues To Watch Special Note The information on this blog is of a general nature and is not intended to…

Real estate attorneys and professionals are without a doubt familiar with the FIRPTA withholding rules on U.S. property sales and rental income for foreign investors. The technical term for such investors is “non-resident alien”; this is an investor who does not hold a green card and meets other requirements. Taxes that are often over-looked before…

By: Phillip B. Rarick, Miami Asset Protection Attorney The Family Limited Partnership, (the full legal name is family limited liability limited partnership (FLLLP) is designed to accomplish asset protection, tax and non-tax goals. First, it provides protection from claims of creditors for the partnership assets. Creditors of a partner can only obtain a charging order…

By Phillip B. Rarick, Miami Asset Protection Attorney An increasingly popular off-shore asset protection jurisdiction is Nevis Island. Nevis has enacted modern, strong trust and limited liability company (LLC ) laws exceptionally difficult to penetrate by any creditor. For example, to attack an interest in a Nevis Island LLC, a Florida creditor has to go…

By: Ruzy Behnejad Executive Summary In recent years, because of an increase in estate tax exemption amounts, the legal field of estate planning has seen a significant trend towards the drafting of irrevocable Spousal Lifetime Access Trusts (“SLAT”). These trusts are designed to preserve and pass on family wealth to younger family members, while also…

By: Phillip B. Rarick, Miami Probate Attorney Note: This is a first in a series of short reports on the subject of avoiding elder abuse scams – a subject of considerable importance in south Florida. However, these reports are for persons of all ages. Example From Real Life: An attorney I know exceptionally well was…

By Phillip B. Rarick, Esq., Miami Trust Attorney A common question we receive for persons who have prepared revocable living trusts is what do I do about title or registration for my cars. Unless your car is a Maserati or you have a collection of valuable old cars, here are three rules to follow if…

By Phillip B. Rarick, Esq., Miami Trust Attorney Introduction Parents of children with autism have many daunting tasks. One task that is often put off until it is too late is making sure you have a back-up plan if you can no longer care for your child. You are the primary care giver for your…

By Phillip B. Rarick, Esq., Miami Probate Attorney A family member has died, and you are the Personal Representative or Executor named in their will. Your job is to find a probate attorney. You probably have three objectives: you want an attorney who will handle the legal tasks (1) efficiently; (2) as quickly as possible,…