The Champ Is Here

Posted by on Jul 7, 2011 in asset protection, estate planning, Probate, Trusts |

On July 4th, 1916, four immigrants on Coney Island were having an argument debating who was the most patriotic.  They decided to settle the argument by having an eating competition at Nathan’s Famous Hot Dogs stand.  That eating competition became a yearly tradition that has continued to grow in popularity over the past 96 years.  It developed into what is recognized today as one Independence Day’s favorite pastimes – The Nathan’s Hot Dog Eating Competition.  Three days ago, world-renowned competitive eater, Joey Chestnut, won his fifth consecutive Nathan’s Hot Dog Competition, eating 62 hot dogs in 12 minutes.  That 62 spot was enough to win the 2011 mustard-colored champion belt.  However, it was not enough to break his all-time personal best of 68 hot dogs, which is also the world record for most hot dogs in 12 minutes.

Watching those competitive eaters scarf down two or three hot dogs down at a time can certainly be gut wrenching. But as I watched, my stomach turned knowing that most likely, at least one of those competitive eaters on stage had not adequately planned their estate.  You would think in a career like competitive eating, where individuals shove as much food into their systems as possible; there is a concern for choking, stomach or esophagus rupture, or some other freak accident that could result in a tragic death.  For example, Chestnut has won countless eating competitions for prize money, aside from the five consecutive Nathan’s competition victories, which earned him a total of $50,000.  Does he have that prize money and other valuable assets protected in a irrevocable trust in case of a deadly choking fit?

You may not be able to eat 68 hot dogs in 12 minutes.  You may not eat competitively.  But do not think just because you are a “low risk” eater that choking on your food is an implausible occurrence.  A freak accident can happen to anyone.   It is best to plan for the future of your estate as soon as possible to assure that your loved ones are taken care of.  Speak to a qualified estate attorney today to discuss an estate plan that is right for you and your family.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world. Are you protected?

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Happy 235th Birthday, America!

Posted by on Jul 5, 2011 in asset protection, estate planning, Probate, Trusts, Wills |

The United States of America turned 235 years old yesterday. If you are like most Americans, you probably celebrated the occasion by watching fireworks, enjoying an amazing BBQ and spending time with friends and family.  We celebrate because on July 4th, 1776 the colonies decided to declare their independence of Britain.  The Continental Congress approved the document stating that they would not be governed by the Kings of England any longer.  Their objective with this document was to ensure that every American received fair representation.

Everyone can agree that the Declaration of Independence was an important document to sign. Without it, we could not benefit from the sacrifices our forefathers made to secure our welfare and freedom. Much in the same way, you make sacrifices and work hard throughout your life. It is crucial for your family’s future and well being that you establish and sign your Estate Planning documents. You probably won’t be around for 235 years, but if you plan well your legacy will.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world. Are you protected?

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Flash Mobs Are Fun … Death, Not So Much

Posted by on Jun 30, 2011 in asset protection, estate planning, Probate |

You are walking through a crowded public place -a shopping mall let’s say. At that moment on that random day, anything could be going on in your life – let’s say you are running errands during your lunch break, have recently closed escrow on a new home, and have dinner with the in-laws that evening.  The point is you are minding your own business and living your life.

Suddenly, completely unexpected and interrupting your life, organized chaos breaks out in front of you.  A large number of people, who appeared to be ordinary pedestrians with ordinary daily concerns, synchronize and start performing a bizarre act in unison – I don’t know, let’s say they all start playing Kazoos to the tune of Eddie Murphy’s “Party all the time,” while each tossing out handfuls of bouncy balls on to the ground.

In other words, you have experienced a flash mob.  A flash mob is one of those occurrences that you have never actually witnessed, but you have seen proof of flash mobs on TV or may even know people who have experienced a flash mob.  You never expect them to happen to you, but you know they occur in everyday life.  And although you never expect to run across a flash mob in your life, one day, unexpectedly and unplanned, it could happen.

That is why I always carry pepper spray, to protect me from a sudden encounter with a group of unruly flash mobsters.  Metaphorically speaking, a flash mob is comparable death, and a can of pepper spray is a lot like an estate plan.  No one ever expects to face death.  It could happen at any moment of any day.  No matter what is going on in your life at that moment, death can interrupt it.  Although a person never expects to die so suddenly, especially when there are so many other things on one’s “To-Do” list, it is best to be prepared with an adequate estate plan to assure asset protection.  Contact a qualified estate attorney to create an estate plan right for your needs and receive a lifetime supply of estate pepper spray to assure your assets are protected.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world. Are you protected?

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Same Sex Marriage Wedding Plans? In Florida the only option is an Estate Plan.

Posted by on Jun 27, 2011 in asset protection, estate planning, Legal News, Probate, Trusts, Wills |

After a series of defeats in recent years, the movement to legalize same-sex marriage is hoping that its unexpected victory in New York will revive efforts to legalize gay marriage around the nation. The victory on Friday in New York, arguably the nation’s economic and cultural capital, carries enormous symbolic importance for the same-sex-marriage movement. New York is now the sixth and largest state in the country where gay couples will be able to wed legally. In late July, when the New York’s law goes into effect, there will be twice as many  Americans in jurisdictions where same-sex marriage is permitted as there are today.

However, Florida’s outlook for same sex marriage is grim. After the 2008 amendment to the Florida Constitution, both same-sex marriage and civil union have been constitutionally banned in Florida.

Article 1 Section 27 of the Florida Constitution states:

“Marriage defined. Inasmuch as marriage is the legal union of only one man and one woman as husband and wife, no other legal union that is treated as marriage or the substantial equivalent thereof shall be valid or recognized.”

Because the law in Florida considers that there is no formal relationship between members of the same sex and unmarried couples, Estate Planning is particularly important. Same sex Couples in Florida have tools at their disposal to plan for the future, among these are Domestic Partnership Agreements. It is equally important to specify your wishes for medical care and elect your healthcare surrogate. Without these documents the hospital must keep you alive by any means necessary, no matter the cost or true desire. Provide your loved ones as much protection as possible by establishing your estate plan.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

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The Longest Day

Posted by on Jun 21, 2011 in asset protection, estate planning, Legal News, Probate, tax, Trusts, Wills |

Too often we use the excuse that “there aren’t enough hours in the day” when we are approached with chores that we know are important but require us to stop our daily routines long enough to take care of them.  One of the most important chores that you can ever check off of your To Do List is to have your estate plan drafted.  If you already have an estate plan, it is equally important to have it reviewed every 3 to 5 years with an estate planning attorney to account for changes in law, changes in tax and changes in your family.

Today is June 21.  June 21 is also known as the Summer Solstice; the longest day of the year.  My challenge to you is to use the extra time we receive today (and yes, I know we still only get 24 hours but work with me on this) to make an appointment with an estate planning attorney and get your estate plan in place and up to date before your days get shorter and shorter.

For more information on successful Florida estate planning and probate, please contact the South Florida law firm of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at info@wfplaw.com to schedule your free consultation.

It’s a Wild world. Are you protected?

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