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.
Are You Sure Your Estate Planning is Up-To-Date?
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...
10 Mistakes People Make When Planning for Art and Collectibles
One of the first estate planning clients I advised was a man with a comic book collection appraised at $44,000. Decades later, I wonder about the current value of his collection. Ever since that first client, I have observed mistakes people make in planning for their...
What Happens To Your Homestead Tax Exemption If You Rent Part Of Your Florida Home?
Florida’s Constitution protects homestead property from creditors, restricts who and how one may receive the homestead at the owner’s death, exempts the homestead from some real estate tax, and caps annual tax assessment increases at three percent or the CPI whichever...
Is it a good idea to become a “Minority” owner of a business?
Before you become a “minority” owner of a business, here’s what to consider… A business is "closely-held" when ownership is severely limited and those limitations extend to an owner's ability to withdraw their investment and "retire". A "minority owner" owns less than...
Why You Should Consider Putting Your LLC into a Trust
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and some trusts act as asset protective devices. By...
What Are The Steps to Establish An LLC In Florida?
Estate planning and business law attorneys often advise their clients to form a limited liability company (LLC). An LLC provides flexibility and another level of asset preservation for the LLC's owners/members. There are usually at least six steps to properly...