2 Reasons You May Need Asset Protection Planning
Lawsuits, failed businesses, malpractice, guarantees, leases and other debts can lead to a loss of assets and wealth.. Fortunately, engaging in effective asset protection planning can help you minimize the…
If a Creditor Gets a Judgment Against My Business, Can’t I Just Open a New Business and Continue Operating?
While some businesses succeed, others are not as successful and may struggle with crippling debt. Creditors may sue your business and obtain civil judgments for debts that your business owes.…
5 Misconceptions You May Have About a Durable Power of Attorney in Florida
A Florida estate planning attorney at Kramer Green can help you create a comprehensive estate plan for you and your family, including a durable power of attorney under Florida Statutes §…
Am I Really Judgment Proof?
A common way for a creditor to collect a debt is to sue the debtor and obtain a judgment against him or her. But what if the debtor is judgment…
Potential Defenses to Breach of Contract Claims
Contracts are a vital part of the daily operations of most businesses. From leases and purchase agreements for real estate to orders for goods and services, your business likely relies…
Can I Appoint a Person as Personal Representative of My Estate Who is Also a Beneficiary?
Appointing a personal representative of your estate is a critical part of your estate plan. As your personal representative is responsible for administering your estate plan and ensuring the distribution…
5 Estate Planning Steps for New Parents
Adding a child to your family is a life-changing event that significantly affects every aspect of your life. However, one issue you may fail to recognize, particularly as a young…
FinCEN’s Uniform Beneficial Ownership Information Reporting Rules and Related Rule Proposals
The U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued final rules implementing Section 6403 of the Corporate Transparency Act (CTA). These rules, also called the Beneficial Ownership…
Protecting Rental Properties from Creditors
Under Florida law, your homestead property, or primary residence in Florida, subject to some limitations, is exempt from creditors trying to collect debts from you. However, other real estate you…
What is an Irrevocable Life Insurance Trust and How Does It Work?
An estate plan can contain various elements, including an irrevocable life insurance trust. Depending on your situation, this type of estate planning mechanism may or may not be right for…