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Articles Posted in miami lakes estate planning attorney

Asset Protection Checklist For Married Professionals
Rarick & Bowden Gold

Asset Protection Checklist For Married Professionals By Phil Rarick, Esq., and Jacqueline Bowden Gold, Esq., Miami Asset Protection Attorneys If you have creditor threat, do you know what assets are easily exposed to creditors? Do you know what assets are already protected by Florida law? Take this three minute survey for a quick assessment. 1.…

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Planning for Guardianship of Minor Child During the Coronavirus Outbreak
Rarick & Bowden Gold

By: Jacqueline R. Bowden Gold, Miami Lakes Estate Planning Attorney When preparing an estate plan everyone plans for distribution or preservation of their assets to make sure their minor child, adult child or families are taken care of. People often overlook planning for the event of being mentally incapacitated and asking this important question: What…

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14 Point Estate and Asset Protection Plan Checklist for An Unprecedented Year: 2020
Rarick & Bowden Gold

By Phil Rarick & Jacqueline Bowden Gold, Estate & Business Law Attorneys ______#1. Coronavirus Check Calculator. Here is a simple, handy calculator describing who qualifies for the federal pandemic legislation checks and determines the amount of the check. Click here: Coronavirus Checks Calculator When Will Checks Arrive? Secretary Mnuchin said that direct deposits will start…

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READ THIS BEFORE DRAFTING YOUR OWN WILL
Rarick & Bowden Gold

By: Jacqueline R. Bowden Gold, Miami Lakes and Weston Estate Planning Attorney Don’t make the mistake of drafting your own Will and estate plan to save money. With general forms available and online companies that claim to walk you through the “easy” drafting process, it is common to fall prey to their low-priced services. As…

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What Is the Federal Gift Tax Annual Exclusion for 2019?
Rarick & Bowden Gold

By Phillip B. Rarick, Esq. and Jay R. Beskin, Esq. Last year the Federal annual gift tax exclusion was $15,000 and the amount remains the same for 2019. This means you can walk down the street and give out $15,000 to every person you meet and not have to file a gift tax return. If…

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8 Point “Porcupine” Asset Protection Strategy
Rarick & Bowden Gold

May the odds be with you –but frankly they’re not. More than 60% of doctors over the age of 55 have been sued at least once, according to a new survey by the American Medical Association (AMA). Doctors are not the only professionals at risk. Virtually all small business owners and professionals face multiple risks…

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What Is The Federal Estate Tax Exemption for 2016?
Rarick & Bowden Gold

By Phillip B. Rarick, Esq. and Jay R. Beskin, Esq. 2016 Federal Estate Tax Exemption: $5.45 Million For 2016 the federal estate and gift tax exemption is now $5.45 million – up from $5.43 million in 2015. This means a single U.S. citizen can leave $5.45 million to their family members and friends and pay…

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Florida Trust Services For Family Law Attorneys
Rarick & Bowden Gold

By Phil Rarick, Esq., Miami Trust Attorney Family law attorneys are increasingly using trusts to secure and safeguard the payment of financial obligations in their marital settlement agreements. Such trusts can provide the following key benefits: Security that payments will be made in a timely fashion Assurance that the monies will be spent exactly as…

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Consider Non-Family Member as Successor Trustee
Rarick & Bowden Gold

One of the most important decisions a baseball manager must make is his batting order – it can mean the difference between a win or loss. (We will not digress to the Marlin’s management decisions – although this is tempting.) One of the most important decisions you can make for your estate plan is your…

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Successor Trustee Duties
Rarick & Bowden Gold

12 Point Summary of Florida Successor Trustee Duties Note: Trust administration requires strict compliance with the trust terms and often analysis of complex tax requirements. A trustee is a fiduciary and is held to a high standard of care under Florida law. If you are a successor trustee, we can help. It is important that…

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