Recent News
Blog articles from the attorneys at Stross Law Firm, P.A. with topics related to estate planning, business law, real estate, probate and trust administration.
Real Estate Taxes Florida – Can Spouses Each Claim Homestead Exemptions
Real estate taxes in Florida are complicated for married couples when both husbands and wives each claim homestead real estate tax exemptions on separate properties. Some courts say yes, others no. The decisions are based on important facts about the married couple...
Asset Protection Through LLC – An LLC Does Not Always Protect Its Members
This post is about how even though a member of an LLC may believe he or she has asset protection through LLC, a creditor might use the Greenhunter case in pursuit of an individual who is a member of a multi-member LLC established under Florida law. A recent decision...
Asset Protection for Beneficiaries with an IRA Inheritance Trust
Asset protection strategies in Florida can include Individual Retirement Accounts (IRAs). While it is not the law in every state, Florida considers funds held in a traditional or Roth IRA as exempt property. This means those funds are protected from the creditors of...
Family Business: Leave a Legacy or a Mess, Your Choice – Part 2
NOTE: If you have not read Part 1 of this series, please do so before reading this Part 2. Click here: Family Business Part 1. If a Key Employee is the person being groomed to take over the family business and that person is a family member, paying attention to family...
Death Tax 2015 Repeal is Certainly Uncertain
The Death Tax 2015 Repeal Act has been favorably voted out of committee in the U. S. House of Representatives. While the House and the Senate might pass a version of the death tax 2015 bill, the president, some commentators suggest, may veto it. Doing away with the...
Estate Planning Humor for April Fool’s Day
Estate planning humor for you. This joke is originally from a Michigan probate attorney's blog. Mrs. Jones, the 5th grade teacher, posed the following problem to one of her arithmetic classes: "A wealthy man dies and leaves ten million dollars. In his estate plan,...