Regardless of the size of your estate, advance estate, tax and business planning is crucial. However, estate, tax and business planning for landlords and real estate developers pose some unusual situations and potential issues-but also unique opportunities to resolve or minimize such matters. The real estate business is one that is usually conducted under multiple ownership entities—sometimes involving separate partnerships, separate financing with various levels of personal guarantees, different joint venture structures and management arrangements with separate entities controlled by the same landlord or developer.  Unlike most non-real estate businesses, upon the death of the landlord or developer the estate and its executors and trustees will be left to deal with multiple entities, partners, lenders, tax matters and various other issues.

So…you are probably wondering what can be done to prevent these potentail issues from occuring?

For example: If the landlord or developer is the general partner of a limited partnership (LP) or managing member of a limited liability company (LLC), advance planning should provide for a named successor who will have the same management rights and obligations as the decedent landlord or developer. Loss of control of an entity could mean loss of voting rights, the ability to retain the management company or future residual values and fees.

Wild Felice & Partners is a full-service, Fort Lauderdale, Florida based law firm with a specialty in estate planning, asset protection and probate administration. We utilize a combination of real estate law, estate planning strategies, corporate formation, family law, and asset structuring to assure that our clients are protected from potential litigation, creditors, and any other threats that may be looming.

Our law firm provides the knowledge and experience of a large law firm, while giving our clients the hands-on service and attention to detail that only a smaller firm can truly offer. Our lawyers regularly go beyond the customary services, tailoring their work to the specific needs of each client.

Our attorneys are well versed in a wide variety of legal practice areas which allows us to provide our clients with one-stop shopping for all of their legal needs. Rather than having to seek various individual counsels and having the headache of managing your own legal issues and costs, we provide the convenience of one South Florida location for all of your legal needs. You will receive the quality work product of a large law firm and the low cost and high attention to detail that small law firms are valued for.

At Wild Felice & Partners, we take customer service very seriously. It is our constant goal to exceed expectations and respond proactively to any legal issues that our clients may encounter. We pride ourselves on working together with our clients to set and achieve the desired outcome rather than merely categorizing our clients under a particular label and treating them each legal issue in a predisposed way.

We realize that each client’s needs are unique and treat each of our clients as if they are our only client. We hope you will take the time to contact one of our attorneys and truly experience all of the benefits that our South Florida law firm has to offer.

For more information on successful Florida estate planning and probate techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 to schedule your free consultation. It’s a Wild world. Are you protected?SM