December Is Hot! Failing to Plan is Not.

Posted by on Dec 14, 2015 in asset protection, Business Plan, Elder Law, estate planning, Probate, Trusts, Wills |

Let’s face it – we all had high hopes for a cooler winter. Yet, any hope we had has definitely been blown away but what feels like a summertime breeze. This December has produced record breaking temperatures. Throughout the month, temperatures have remained above average across much of the United States. Luckily December is early in the winter season which means some of us still have hope for cool weather but for now, it’s hot. While December is most definitely hot, not having a plan for your future is not. We have been taught from earlier years that planning is important. In high school we bought a day planner for class and likely way too many highlighters. In college, we had to map out our schedules and finances, and probably still bought way too many highlights. As an adult we are tasked with so many responsibilities, which is why it is essential to plan for the unforeseen. No matter what stage of life you are in, our attorneys can help you:

BUSINESS: Are you a business owner? Maybe you are the sole proprietor of a brand new Limited Liability Company (“LLC”) or perhaps just joined a multi-member LLC. If so, then you need to consult a qualified attorney regarding either an Operating Agreement or Partnership Agreement. These documents will include provisions relating to business and equity structure, management and what is perhaps most important in terms of estate planning; the right to transfer membership interest and restrictions on such transfers. These documents are “living” documents, meaning that they should be amended accordingly as the needs of the business change.

FAMILY: Whether you are single or married; if you have young children you really need to consider an estate plan. The most favorable plan is the trust based plan. By creating a Living Trust, you are able to control where your assets go, who gets them, and even when they get them. You can set limitations on the disbursement of assets to ensure your children first go to college or reach a mature age, in the event you are not here. The assets remain protected against unsecured creditors too, so you can rest assured that your assets stay in the family. Along with your Living Trust, you will also receive a Last Will and Testament, Living Will, Assignment of Property, Durable Power of Attorney, Healthcare Surrogate and HIPAA Release.

ELDERLY: The needs of the elderly differ greatly which is why it is crucial to have an elder law attorney assist in their planning. Whether it’s planning for long term care, Medicaid or Medicare planning, or creating the necessary documents to avoid a court appointed guardian, our attorneys can help.

CHANGES: As life changes your plan will need to change with it. If you are recently married, divorced, remarried, have had additional children or experienced any other major life changing events, contact the law office of Wild, Felice & Partners and allow our attorneys to update your estate plan to ensure your needs are met and your goals are achieved.

Let December be the only reason you break a sweat this month. Plan ahead and worry less! Call the To learn more about estate planning, probate and asset protection, visit our website at www.wfplaw.com or call 954-944-2855 to schedule your free consultation.

It’s Wild World. Are You Protected? SM

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Holiday Celebrations, a New Year and an Estate Plan!

Posted by on Dec 7, 2015 in asset protection, estate planning, Probate, Trusts, Wills |

Tis the season for holiday flavored coffees, decorations galore and New Year resolutions.  Whether you’ve been naughty or nice, be sure to also contemplate creating an estate plan for your future.

No matter what stage of life you may be in, everyone needs an estate plan.  Regardless of how much you may or may not own, the goal remains the same: protect the wealth you’ve accumulated for yourself and your loved ones.  Did you know that if you do not have an estate plan in place that your assets will be automatically distributed “per stirpes” and subject to probate?  Per stirpes is as gross as it sounds!  It means you have no control over who will receive your estate, the State does!  Probate, the legal process of proving a Will, will then tie up those assets for a long period of time before your beneficiaries receive their share.  By creating an estate plan, such as a living trust, you are able to avoid unnecessary taxes, control the manner of distribution and provide protection for your beneficiaries against possible litigation, divorce, creditors or bankruptcy.  In fact, there are a variety of estate planning tools that ensure you are providing the most protection for yourself and your family:

  1. Living Trust – allows for your estate to avoid probate (the legal process of determining whether a will is valid) and for you to control who receives what and how they will receive it. A living trust offers ultimate protection for your beneficiaries against the possibility of divorce, litigation, bankruptcy and against creditors.
  2.  Assignment of Property – This document assigns your property to your trust. This includes both real & personal property. A trust is useless if there is no property in it.
  3.  Last Will & Testament – The traditional will that is used upon death to distribute property to beneficiaries, specify last wishes, and name guardians for minor children.
  4.  Durable Power of Attorney – This document allows you to designate and authorize someone to legally act on your behalf, in the event that you become incapacitated or otherwise incapable.
  5.  Combination Living Will & Designation of Healthcare Surrogate – This document outlines important healthcare decisions in advance, and allows for you to appoint a healthcare surrogate to make healthcare decisions for you when you become unable to do so yourself.

Before you bust out your winter boots to go get your Gingerbread Latte and begin making your New Year’s Resolutions, call one of our qualified Estate Planning attorneys for your free consultation at 954-944-2855.  For more information on successful Florida estate planning and asset protection techniques, please visit our website at http://www.wfplaw.com.

It’s a Wild world. Are You Protected?SM

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Protect Your Assets Like Tim Tebow is Protecting His Family Jewels.

Posted by on Dec 1, 2015 in Business Plan, estate planning, Probate, Trusts, Wills |

Tim Tebow has just passed the toughest test of his life: remaining celibate while dating Miss Universe, Olivia Culp.  Unfortunately, passing this test didn’t lead to a sense of accomplishment and some sort of reward.  Instead, Tebow found himself dumped, heart-broken and headlining all social media.  If Tim Tebow is literally losing women over protecting his most valuable asset, we suggest spending a few hours a year on protecting your assets. However, the assets we are referring to come in a much different form, of course.

The assets we are referring to come in the form of estate planning and business planning. There are many benefits to creating an estate plan.  You can appoint a guardian to look after your children, avoid probate and even control over your assets from beyond the grave.  Many individuals don’t realize that without an estate plan someone you don’t know or maybe don’t even like could end up raising your children and/or spending your money.  Proper estate planning guarantees your assets are protected and distributed according to your wishes.

Contrary to popular belief, it’s always the right time for an estate plan!  Even if you aren’t married and don’t have any children, you still should consider protecting the wealth you have accumulated.  Perhaps you own a small business of your own or are part of a partnership with a friend. What if your business is sued? You may find yourself personally liable for judgment against your business and at risk of losing everything that you personally own. This can easily be resolved through creating a trust.  When your assets are in a trust, they cannot be reached by creditors, litigation, bankruptcy or even divorce.

Do like Tebow:  protect your assets!  While Tebow wasn’t rewarded, you surely will be.  Call Wild, Felice & Partners today to schedule your free consultation and allow our attorney’s to provide you with the peace of mind of knowing that both you and your family are protected.

To learn more about asset protection through estate planning visit http://wfplaw.com

For more information on successful Florida estate planning and asset protection techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at 954-944-2855 to schedule your free consultation.

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Goodbye November. Hello New Estate Plan!

Posted by on Nov 23, 2015 in asset protection, estate planning, Probate, Trusts, Wills |

November is coming to a close and the end of the 2015 is upon us.  Now is the time when many Americans begin to think of what they are thankful for while simultaneously considering what they want to change in the coming New Year.  Health is usually a top contender on the “Thankful” list while living a healthier life ranks in the top three on the “Things I’d Like to Change” list.  Your health is something that should never be taken for granted considering how fragile life is and living a healthier lifestyle will most definitely improve your health.  However, less stress and peace of mind will also lead to a healthier you.  Consider adding to your list creating an estate plan and achieve ultimate peace of mind for both you and your loved ones.

Did you know that without an estate plan your estate will be subject to probate?  Probate is the method by which your estate is administered and processed through the legal system if you die without a will. This means that your debts and taxes will be paid before your beneficiaries receive their inheritance.  This also means that you have no control over who receives what or how they receive it; meaning, someone you may not even like could end up with all that you have worked for.  Fortunately, there are legal methods that allow you to make the process of distributing assets after death less costly, less stressful and that allow you to remain in control.

First, consider a Will.  Creating a Will is the first step in the right direction to help ease the stresses associated with the probate process; however, this is not all that you will need. Consider placing your property in Trust to protect it from creditors, to control the manner in which your assets are distributed and to avoid probate all together.  Also, be sure to have an estate planning attorney draft a Power of Attorney, a Living Will and a Designation of Healthcare Surrogate as part of your estate plan.  These documents will not only ensure that your family will be protected but they will also designate an individual you trust to make legal and health related decisions for you when you are no longer able to make them yourself.

Planning for the future will save your family members additional grief, unnecessary stress and allow you to control how and to whom your assets are distributed.  An attorney that specializes in estate planning can help explain the legal tools that are available to each individual depending on their specific goals.  As November passes and the New Year approaches, add scheduling your free consultation with Wild, Felice & Partners, P.A. to your list and allow our attorneys to provide you with peace of mind.

It’s a Wild world. Are you protected? SM

For more information on successful Florida estate planning and asset protection techniques, please contact the South Florida law firm of Wild Felice & Partners, P.A. at (954) 944-2855 to schedule your free consultation.

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A Sad Day in Atlanta

Posted by on Nov 16, 2015 in estate planning, Probate, Trusts, Wills |

Tommy Hanson of the Atlanta Braves passed away last week from Catastrophic Organ Failure. The former Atlanta Braves pitcher was experiencing trouble breathing on Sunday when he was rushed to a nearby Atlanta hospital. The death was completely unexpected as the pitcher was only 29 years old and appeared to be both healthy and strong. “Big Red” as he teammates affectionately called him, will certainly be missed.
This tragedy is a reminder of how short life can be. Most of us make the common mistake of thinking that we have plenty of time to get everything in order but tomorrow isn’t promised to any of us. Do not assume you are too young or not wealthy enough. Instead, contact the office of Wild, Felice & Partners, P.A. today for your free consultation. Sit with one of our experienced estate planning attorneys and allow them to help you:
1. Identify your assets
2. Identify and achieve your goals: Is your biggest concern designating a guardian for your children? Or perhaps you wish to ensure your family is not subjected to probate. Perhaps you wish to control your assets from beyond the grave. Whatever your goals are, allow our attorneys help you to achieve them.
3. Help you choose the correct technique for protecting yourself, your wealth and your loved ones: There are many techniques used to protect yourself and your family. Your goals will determine which technique is best for you. Some of these techniques include: The Last Will and Testament, Irrevocable Trust, and a Living Trust.
4. Durable Power of Attorney: A durable Power of Attorney allows you to designate and authorize someone to legally act on your behalf, in the event that you are unable to do so. Not having one could mean that someone you don’t like could make your financial decisions.
5. Healthcare Surrogate and HIPAA Release: A HealthCare Surrogate allows you to designate and authorize someone to legally act on your behalf and make important healthcare decisions, in the event you are unable to do so. A HIPAA release will allow the authorized individual to pull your medical records to aid in making important decisions.
6. Living Will: The Living Will will convey your wish to either be kept alive artificially or instruct the doctor to pull the plug.
Life is filled with unexpected twists and turns. Create an estate plan today to protect yourself and your family for tomorrow.
For more information on successful Florida estate planning and asset protection 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

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We are all growing old; there is nothing we can do. Or is there…?

Posted by on Nov 13, 2015 in Elder Law, estate planning, Trusts, Wills |

One in seven Americans are over the age of 65. This means that those who have cared for us as children are growing old and are beginning to need us to now care for them. Seeing our parents and grandparents weaken, we want to be sure that they will be provided with the upmost care for the remainder of their life. However, properly planning for the aging population is complicated and requires the help of a competent attorney.
Failing to properly plan today will mean that the difficult decisions of the future will fall on your loved ones. For instance, if you fail to designate someone to make important healthcare or financial decisions on your behalf, the court will appoint a Guardian to do so. This very well could mean someone you don’t know or perhaps don’t even like will be making big decisions that will directly impact your life. Eliminate this scary possibility by getting all necessary elder care documents in place today. Our specialized elder law attorneys can help with the process and provide information on the following:
-Explain what long term care is, help you to understand the costs associated with this type of care and explain how the government can help alleviate the bill.
-Review and update an old, outdated estate plan. Due to life’s ever changing nature (divorce, marriage, remarriage, children, growth in wealth, etc) and the fact that we are aging daily (plan for your incapacity by designating your durable power of attorney and healthcare surrogate), we recommend meeting with an experienced estate planning attorney once a year. If you don’t have an old estate plan to update then now is the time to get one in place. An estate plan not only protects your assets, it also provides peace of mind! Protect yourself and your assets by creating or updating your estate plan with one of our experienced estate planning attorneys.
-Help you to better understand the difference between Medicare and Medicaid and how these programs may benefit you or your loved ones.
-Help you to better understand Veteran Administration benefits and how they can pay for long term care.
Elder law is a broad field and can be extremely complicated. Therefore, it’s necessary to work with a competent elder law attorney in order for any plan to work. Call the offices of Wild, Felice & Partners today at (954) 653-2917 and schedule your free consultation. Allow our attorneys to help your loved one receive the best long term care, the most benefits and achieve peace of mind.
To learn more about the benefits of elder law visit. http://wfplaw.com/Elder-Law.html.
It’s A Wild World. Are You Protected?SM

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