by Randy Coleman | May 23, 2019 | Estate Planning |
Happy Memorial Day to all – Please Remember and Honor those who sacrificed their lives while serving in the U.S. Military protecting the freedoms we enjoy in this...
by Randy Coleman | Apr 11, 2019 | Annuities, Asset Protection, Business Owners, Business Succession Planning, Buy-Sell Agreements, Charging Order Protection, Corporations, Discretionary Trusts, Domestic Asset Protection Trusts, Estate Planning, Exemption Planning, Family Limited Partnership, Florida Asset Protection, Irrevocable Trusts, Limited Liability Companies, Physicians and Asset Protection, Premises Liability, Retirement Accounts, ROTH IRAs, Spendthrift Trusts, Tenancy by the Entireties, Titling of Assets, Trusts |
These three asset protection tips can help physicians, business owners, and other professionals protect their assets from various types of creditors. Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught...
by Randy Coleman | Mar 22, 2019 | Disability Planning, Discretionary Trusts, Estate Planning, Health Care Power of Attorney, Irrevocable Trusts, Long Term Care, Medicaid Planning, Nursing Homes, Personal Care Contracts, Social Security, Special Needs Trusts, Spendthrift Trusts, Trust Administration, Trustee, Trusts |
A special needs trust, sometimes called a supplemental needs trust, is designed to provide a person with a disability the funds to enhance her quality of life while at the same time allowing her to remain eligible for needs-based public...
by Randy Coleman | Feb 14, 2019 | Disability Planning, Durable Power of Attorney, Estate Planning, Health Care Power of Attorney, HIPAA, No Will, Retirement Accounts, Retirement Planning, Revocable Living Trusts, Stand Alone Retirement Account Trusts, Trusts, Wills & Trusts Law |
There are several reasons why you should update your trust or perhaps your entire estate plan. While estate planning documents do not necessarily have a shelf life, they may not fulfill your goals when your circumstances change. You cannot avoid the need to update...
by Randy Coleman | Jan 31, 2019 | Advance Directives in Florida, Dementia, Designation of Health Care Surrogate, Disability Planning, Elder Care, Elder Law, Estate Planning, Gun Trusts, Probate, Probate Law, Wills and Probate |
Having an elderly loved one with dementia can be scary, but if you add in guns and firearms, it can also get dangerous. To prevent harm to both the individual with dementia and others, it is important to plan ahead for how to deal with any weapons. ...
by Randy Coleman | Nov 13, 2018 | Estate Planning, estate tax, Estate Taxes, Income Taxes, Retirement Planning, Trusts, Wills & Trusts Law, Wills and Probate |
What’s the impact of midterm elections and estate planning? Estate planning is meant to be an ongoing process, not a one-time transaction. In the same way that you never stop budgeting, saving, and investing as you go through life, it is also sensible to see...
by Randy Coleman | Aug 31, 2018 | Asset Protection, Disability Planning, Estate Planning, estate tax, Estate Taxes, No Will, Probate, Probate Law, Revocable Living Trusts, Wills and Probate |
According to court documents, legendary singer Aretha Franklin did not have a will when she died, despite reportedly having a son with special needs. The lack of a will opens up the intensely private singer’s estate to public scrutiny and unnecessary costs, and means...
by Randy Coleman | Apr 15, 2018 | Estate Planning, Pet Trusts, Probate, Revocable Living Trusts, Trustee, Trusts |
Estate planning is about protecting what’s important to you. Although much of the traditional estate planning conversation focus on surviving spouses, children, grandchildren, many pet parents wonder about what could happen to their “feathered children” after their...
by Randy Coleman | Mar 18, 2018 | Asset Protection, Beneficiary Designations, Discretionary Trusts, Estate Planning, Florida Asset Protection, Guardian of a minor child, Guardianship, Irrevocable Trusts, Revocable Living Trusts, Spendthrift Trusts, Wills & Trusts Law |
Most parents want to make sure their children are provided for in the event something happens to them while the children are still minors. Grandparents, aunts, uncles, and good friends sometimes want to leave gifts to beloved young children too. Unfortunately, good...
by Randy Coleman | Mar 10, 2018 | Asset Protection, Durable Power of Attorney, Estate Planning, Florida Asset Protection, Premises Liability, Revocable Living Trusts, Trust Administration, Trustee, Wills and Probate |
A comprehensive estate plan should address all of your assets, and if you own rental property it should include appropriate asset protection considerations. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts,...
