by Howard C. Stross | Feb 12, 2025 | Asset Protection, Business Law, Business Succession Planning, LLC, Small Business
When setting up an LLC, many business owners overlook key parts of their operating agreement. The LLC Operating Agreement is a document that serves as the foundation of your LLC’s internal operations, yet common gaps can leave you vulnerable to legal disputes and... 
by Howard C. Stross | Dec 24, 2024 | Asset Protection, Estate Planning
If Santa and Mrs. Claus were U.S. citizens, how would they create an estate plan? Although they may be great clients, their estate plans might include the pieces mentioned below. Estate Tax Concerns. In 2025, the federal estate tax exemption will increase to... 
by Howard C. Stross | Dec 3, 2024 | Asset Protection, Business Law, Business Succession Planning, Buying and Selling a Business, Small Business
A Shareholder Agreement is important if you own shares of a corporation (also called “stock”) along with one or more other owners of shares (called “shareholders”). If the shares of stock you own are shares of a publicly-traded company, you can sell those shares as... 
by Howard C. Stross | Feb 14, 2024 | Asset Protection, Estate Planning, Trust Administration
What is Sweetheart Estate Planning? Most married couples today need not plan for the payment of federal estate taxes. For 2024, federal estate tax is only imposed on a deceased person’s estate if its value exceeds $13,610,000. With proper planning, a married... 
by Howard C. Stross | Sep 18, 2023 | Asset Protection, Estate Planning, Probate, Trust Administration
When it comes to estate planning in Florida, it’s essential to recognize that the strategies of the past might not provide the protection your estate needs in today’s complex world. While traditional estate planning tools like wills and beneficiary... 
by Howard C. Stross | Aug 31, 2023 | Asset Protection, Estate Planning, Trust Administration
When was the last time you reviewed your estate plan? Reviewing your estate plan regularly (as often as every two years) is important to be sure your wishes are followed. You must keep your beneficiary designations of your estate plan up to date. If you die and the...
