Not only does the Sunshine State have white sandy beaches and warm weather year-round, it also has one of the best basic asset protection devices available for married people. For us lucky Floridians, we get to enjoy special forms of joint tenancy. Not everyone can take advantage of the benefits of tenancy by the entireties (TBE) in Florida, but for …
In December 2016, former President Obama signed an important health care access act that will help alleviate the burden of employee health insurance on small businesses. The 21st Century Cures Act will allow, among other things, small businesses to reimburse their employees for individual health insurance if they do not offer a group plan. For small companies with less than 50 …
Buying an existing business is a great way to hit the ground running in the world of entrepreneurship. Because an existing business already has a legal structure, employees, a customer base, and is making a profit, you get to skip over one of the most challenging aspects of owning a business – starting it. But you still need to do …
Primer on National Power Bataclan Theater, Stade France, Le Petit Cambodge, Avenue de la République, Charonne, and Beaumarchais – these are the six locations that Islamic terrorists, under the banner of ISIL (or “Daesh”)[1] brutally murdered more than 100 people and injured hundreds more. The after effects of this attack will continue to reverberate throughout the western world. Presently, media …
Although often perceived as a worst case scenario, bankruptcy can be an appropriate way for small businesses to recover from unmanageable debt by reorganization, reducing personal liability or liquidating business assets. Sometimes small businesses (or their owners) must turn to bankruptcy when cash flow slows or business expenses cannot be met. There are three types of bankruptcy filings available. If …
The arrival of a new family member can make you feel like anything is possible. As you enjoy the precious moments, months, or years of taking care of a child, it’s easy to forget that they may not get the same care after you’re gone. Unfortunately, many children are in this position, suffering unintentional disinheritance simply because of outdated or …
The passing of a loved one often requires us to step into unfamiliar roles. If you have been named as the successor trustee of a living trust, you must understand that trust administration and estate administration are very different animals. Trusts often contain complicated language and legally-binding duties, and making a small error can result in large financial consequences for the trustee. …
This past week I had the pleasure of attending Wealth Counsel’s Symposium in Boston, Massachusetts. This annual conference brings together some of the best minds in the estate planning and business law field from around the country. This year’s conference featured some of the top experts in their fields. It was a fantastic experience and, respectfully stated, I’m smarter than …
Building a business empire, enterprise, or even just a start-up has its price. The image of the confident and charismatic CEO often falls short of reality. Before, during and after public visibility often comes personal self-doubt, anxiety and mental anguish. Many business owners don’t readily divulge the distress they feel because they don’t perceive it as a positive for the …
Early in my Marine Corps career, one of our instructors told us “watch the leaders above and below and pick out the tools you believe would work for you. Discard those that are ineffective or not part of your style. In this way, we work to put leadership errors into the past.” Watching others perform their chosen craft provides lessons …
