The Florida Supreme Court recently ruled that a charging order is not the only remedy for creditors of LLC owners. My blog post of August 2, 2010 outlines the Florida Supreme Court decision. While the decision applied to a single member LLC, it could apply to multi-member Florida LLC’s as well. For the time being, Florida LLC owners
Parents Should Always Consider a Trust for Children
Trusts are not only for the rich. Anyone with minor children (and even children in their 20’s) should consider a trust for their family.
If any property passes to a child under your will, from a bank account "payable on death" or otherwise, the child will generally get all of that money at age 18. The
“Homestead Exemptions” are Receiving Increasing Attention
An article by Kate Murphy in the September 2, 2010 New York Times provides a good discussion of homestead exemptions.
"Homestead exemption" can have two completely different applications. Some states and localities use that term to refer to real estate tax breaks for senior citizens and others. The term can also refer to the extent