How Can a Judgment Against You in Florida Affect Your Assets?
When you have been sued, and a Florida court has entered a judgment against you, you may be concerned about how that judgment will affect your assets. If you are interested in learning more about protecting your assets from creditors with judgments against you, we can help. Contact your Boca Raton asset protection lawyer at […]
Can a Creditor Pursue My Business Assets to Pay My Personal Debts?
All too often, an unexpected personal disaster can lead to financial problems. When faced with that situation, you may wonder how to best protect your business assets from personal debts you may owe to third parties. Your choice of business entity structure makes a huge difference in whether your personal creditors can collect debts from […]
Can an IRA Help Protect Your Assets from Creditors
Do you have a Individual Retirement Arrangement (IRA)? No matter how successful or financially stable you are, the potential for catastrophic events is always present. Natural disasters, unemployment, disability, and even economic downturns can drastically affect your financial position at any time. As a result, taking steps to protect your assets from creditors, including placing […]
Is It Too Late to Protect My Assets from Creditors?
Job loss, serious illness, car accidents, and business closures are devastating events that happen to ordinary people every day. Most people don’t fully understand the ramifications of these catastrophic events for their financial security until they begin to affect them directly. Unfortunately, these situations can result in the loss of the financial resources that you […]
How Do I Create a Trust in Florida?
When people talk about including a trust as part of their estate plan, they usually mean a revocable or “living” trust. Under the right circumstances, creating a trust can help your loved ones avoid the probate process and save taxes. However, many factors affect whether creating a trust is in your best interest. Therefore, getting […]
Protecting Your Assets from Creditors: What You Need to Know
Understanding how to protect your assets from creditors is crucial. Most people don’t realize how vulnerable their financial situation can be until the unthinkable happens. They may be involved in a car accident, resulting in a lawsuit against them. They may have to shut down their small business due to a poor economy or price […]
Qualified Plans and IRA Required Minimum Distributions for Beneficiaries Upon Death of the Participant
The Internal Revenue Service (IRS) has established rules for required minimum distributions (RMDs), which are the minimum amounts individuals must withdraw from IRAs and other retirement accounts based on age. However, different rules apply to RMDs when the plan participant passes away, and an heir has inherited a qualified plan or IRA. Understanding the required […]
4 Myths You Should Be Aware of When Setting Up Your Small Business
Setting up a small business is not an easy endeavor, and you likely will encounter various legal questions and barriers along the way. An Aventura business transactions lawyer at Kramer Green can answer your legal questions and give you the advice you need as you work to establish your business. We can also provide ongoing […]
4 Steps to Take to Prepare for the Change in the Estate and Gift Tax Exemption
The Internal Revenue Service (IRS) recently announced an increase in the estate and gift tax exemption for 2025. The basic exclusion amount will increase to $13.99 million per person for transfers during life and after death. The Tax Cuts and Jobs Act (“the Act”) is the federal legislation that doubled the exclusion to $11.18 million […]
Choosing the Right Legal Structure for Your Business Needs
The legal structure you choose for your business impacts various critical factors, including personal liability, asset protection, and potential eligibility for funding. Your business structure may also lend formality and credibility to your business, which can be advantageous. As a result, you should understand the different options of business structures available to you under Florida […]