Trusts are a smart estate planning tool that give you more control over how your assets are distributed during your life and after your death. Living trusts are created during the settlor’s lifetime. They are either revocable or irrevocable, and knowing the difference will help you make the right financial choices for your beneficiaries and estate. Here’s what you need to know about irrevocable and revocable living trusts in estate planning in Miami, FL. Revocable living trusts Revocable living trusts are trusts that can be amended during the settlor’s lifetime. For example, if you need to change the terms or... View Article
Putting together an estate plan is the best way to make sure your family and property are taken care of when you eventually pass away. It can also provide for your care while you’re living, giving you control and flexibility that a simple will may not. Here’s what you need to know about establishing a trust for your estate plan in Miami, FL. What is a trust? Creating a trust allows you to appoint a third party to manage the funds if and when you cannot, such as when you’re traveling or if you’re incapacitated. The person who creates the... View Article
There are certain types of jobs and fields of work that are more inherently dangerous than others. Construction, for example, will always have a greater likelihood of physical injury than, say, a job that requires you to sit at a desk for most of the day. But it’s not just the type of work that’s a factor in the likelihood of workplace injuries. The worker’s experience level will also play a big role in their likelihood of being injured. Specifically, newer employees are much more likely to suffer workplace injuries in Miami, FL than workers who have been on the... View Article
Have you ever heard of something called the “good guy guarantee” in the world of landlord/tenant law? This isn’t necessarily a service or benefit you’ll find advertised by landlords in Miami, FL, but it’s an issue you should be aware of if you are to be leasing any space for a business. Here’s an overview of what you should know. What is it? The basic concept of the good guy guarantee is that it’s a pre-negotiated kick-out that has the financial backing of a guarantor who has good credit. This guarantee is established while the tenant is in possession of... View Article
Thinking about starting your own business with a friend? Have you already started one, only to find out that you don’t quite see eye to eye on major issues? The best way to solve (or avoid) partnership disputes in Miami, FL is to clearly define your partnership at the outset—and that requires help from an attorney. Here’s how to handle or avoid partnership disputes in your business: A written partnership agreement: Every business owned by two or more people needs a written partnership agreement. The format may change depending on your business structure, but the general idea is the same.... View Article
