Perry Douglas West, Esq. As families grow and life takes members in different directions, the responsibilities to care for parents or other aging relatives may be assumed or fall upon different members unevenly and often end up with some spending significantly more time with parents or other members as they get older. If you think […]
It May Not be Ticking, But……
September 24, 2021 by ·
It May Not Be Ticking, but………. Perry Douglas West, Esq. The reality of the Federal Estate Tax with a current Unified Gift and Estate Tax Credit of $11,700,000 may have all but disappeared from the memory of the vast majority of Americans. That may soon change for a significant number of families […]
Beware of the “Ides of March” and Beyond
March 8, 2021 by ·
For those planning to tidy up your estate by going ahead and utilizing your $11 million+ gift tax exemption this year, you may want to acquire and apply some extra drafting talent. A number of proposals are circulating which reduce the exemption to as low as $1 million but the most difficult proposals may be […]
CROWDFUNDING
January 20, 2021 by ·
CROWDFUNDING Perry Douglas West, Esq “Crowdfunding” is essentially raising small amounts of money from a large number of people. Crowdfunding appeared in the 1700’s as loan funds created by donations from wealthy citizens that provided loans to poor but creditworthy people. They have continued through modern day “micro funding” or peer to peer micro […]
3 THINGS TO REMEMBER WHEN YOU ARE IN SEARCH OF A COMMERCIAL LOAN FOR YOUR BUSINESS OR PROJECT
November 9, 2020 by ·
Few things have changed as quickly over the last several years as the landscape for commercial real estate and business loans, the traditional source for these loans being primarily commercial banks. Since long before Covid19, the lingering effects of the 2008 world financial crisis have continued to show themselves in the business and commercial lending […]
WE’VE ALL HEARD IT, SEEN IT OR MAYBE EVEN SAID IT
October 19, 2020 by ·
Perry Douglas West, Esq. We’ve all heard it, seen it or maybe even said it: “if so-and-so wins the election, I’m leaving the country. Well, if you’ve said it or thought about it, and taxes matter to you, you will want to take a long, hard, sober look at the U.S. “Expatriation Tax” or “Exit […]
3 Tips to Consider when your Condominium Association is Doing a Maintenance or Alteration Project
October 5, 2020 by ·
If your association is looking at doing a maintenance or alteration project, here are 3 Tips for consideration by the Board of Directors and the Unit Owners BEFORE the first square of carpet is removed or the first shovel of dirt dug. First, determine whether the anticipated project is required “maintenance”, or whether it is […]
Community Property Rights in a business, in a non community property state
April 25, 2020 by ·
If you’ve moved that family owned technology or other # business to Florida from a community property state like California or Texas and divorce is rearing its ugly head, you’re going to run into the Florida Uniform Disposition of Community Property Rights at Death Act and its associated case law. Are you prepared?
Resurgence of the Ethical Will
April 25, 2020 by ·
Resurgence of the Ethical Will The will is a set of instructions for the distribution of our money and our assets upon our death. But, are these things really our only or even most important legacy? On reflection, most people would say not. Perhaps the most important part of who we are is reflected in […]
LLC’s. End of the tunnel or oncoming train…
April 25, 2020 by ·
LLC’s. End of the tunnel or oncoming train… So you thought you handled the issue of organizational risk when you used a Limited Liability Company to start your business… well, maybe not so much. Florida has more than a half dozen general exceptions to the limitation of liability through the use of the limited liability […]
