Author Archives: David Toback
Problems with Having a Simple Will in Florida
Many people are tempted to create a simple will by using forms to do the will themselves. Maybe they’ve seen such forms advertised on television or on the internet. But are they a good idea? Definitely not. The intent is good. A person tries creating a will so that their property goes first to… Read More »
Are Relatives Responsible for the Debts of a Deceased Loved One?
Settling the estate of a loved one that has passed away isn’t easy. The members of the family are often left to make a variety of important decisions, including financial decisions, on behalf of their loved one. Sometimes these decisions include deciding whether to pay any debts that the debtor still owed after their… Read More »
What is Undue Influence and How Does It Affect a Will?
A will lets people determine what happens to their property when they pass away, but sadly, some people intentionally confuse or intimidate a vulnerable person to alter their will or create documents that they wouldn’t necessarily create on their own. This is known under Florida law as undue influence. Often times, family members of… Read More »
You Can Challenge a Florida Tax Audit
The Florida tax process can be harrowing, to say the least. Sometimes after the audit is complete, you just pay what you owe and move forward. However, there are times that you may not be satisfied when the audit is over. The auditor may be attempting to pressure you into paying immediately, or you… Read More »
Four Reasons Why You Need an Estate Plan Regardless of Your Income and Wealth
The Tax Cut and Jobs Act (TCJA) is fully into effect and it is the first major tax overhaul in over 30 years. This means that if you haven’t reviewed your estate plan, you need to as soon as possible to determine how the tax changes will impact your plan. While people often think,… Read More »
Start Succession Planning Now for Your Family Business
If you’ve put your heart and soul into a family-operated business, you want to know that your business will continue to thrive after you’re gone. A well-operated family business should be able to provide for your loved ones for years after you have decided to retire from the business if you properly plan for… Read More »
Reaping the Full Benefits of Your Revocable Living Trust
When people opt to create an estate plan, it’s usually because they want their families to avoid the hassle of probate when they die. However, most people don’t completely understand how to reap the full benefits of their revocable living trust. Simply having a living trust won’t offer you the full benefits of having… Read More »
Are You Making These Common Asset Protection Mistakes?
In our society it is easy to become the target of someone attempting to get a judgment for money against you personally. Owning exposed assets makes you an exceptionally inviting target for a lawsuit. Thanks to the internet, it is now very easy for people to find all of your assets, such as real… Read More »
Is an LLC Right for Your Business?
An LLC, or a limited liability company, is a type of business structure that combines the tax benefits and flexibility of a partnership, but the limited liability of a corporation. It is a separate and distinct legal entity from the owners who are referred to members. It has its own powers, obligations, rights, and… Read More »
Elderly Exploitation Happens More Than You Think. Has Your Loved One Been a Victim?
Unfortunately, elderly people make good targets for exploitation, and sadly, it happens more often than you might think. Until recent years, there was very little that could be done to stop the exploitation if someone suspected that their vulnerable family member was being taken advantage of financially. This created a big problem for both… Read More »
