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.
Tax Records: How Long to Keep Documents
This month is the calm before the tax season storm. Starting in mid-January, tax records such as your W-2 and 1099 should start arriving in your mailbox. Store these records in a safe place until you can schedule an appointment to meet with your accountant. While you...
An Operating Agreement for Your LLC is Important
The lack of an Operating Agreement signed by all Members of an LLC is a big mistake for many reasons. Florida law does not require an LLC to have an Operating Agreement. Here are four of the reasons why business owners and real estate investors need an Operating...
Consequences of Making Lifetime Gifts
As part of your year-end planning, you may be considering making some significant gifts. This is the second article in a two part series. The first article discussed the positives of making lifetime gifts. You should also consider the consequences of making lifetime...
Your LLC May Not Offer The Asset Protection You Think It Does
If you invest in real estate or own a business, you may have heard that you need to set up a limited liability company, commonly known as an LLC, in order to protect your assets. However, many people mistakenly think an LLC is a magical silver bullet to asset...
Here Comes Santa’s Estate Plan
What if Santa and Mrs. Claus decided to do an estate plan? Although they would doubtless be great clients, the actual estate plan could be challenging. Estate Tax Concerns. In 2015 the federal estate tax exemption will increase to $5,430,000 for a single person and...
Common LLC Mistakes: Make sure your LLC isn’t sick
Many people want to set up a limited liability company, commonly known as an LLC, in order to protect their assets. However, an LLC is not a foolproof asset protection device. Well-intentioned people, in the attempt to lawfully protect their assets when they purchase...