Author Archives: Jay Butchko
What’s the Difference Between an LLC and a PLLC?
Many of us have heard of the term LLC, or limited liability company. What you may not be as familiar with is the term PLLC, which is very similar to LLC, but stands for professional limited liability company. Both terms are a type of business formation, but the difference is the restrictions and requirements… Read More »
Snowbirds and Florida Taxes
For many people, it would appear that snowbirds lead the perfect life. During the winters they head south to avoid the cold temperatures and snow, then when the heat and humidity of Florida kick in, they travel back north and enjoy milder summers there. However, there are a few snags to living this lifestyle,… Read More »
Do I Really Need an Attorney To Create My Estate Plan?
You’ve decided you need to create an estate plan, but do you really need an attorney? After all, there are plenty of resources online that claim to be able to allow you to do it yourself, especially wills. However, that doesn’t mean they are a good idea. Would you be willing to try to… Read More »
What is the Deadline for Contesting a Will in Florida?
According to surveys completed by AARP, an astounding 60 percent or so of adults in the United States don’t have an estate plan or will in place. While most of us know that we need to have a will, we have a tendency to have the mindset of “I can do it later.” Waiting… Read More »
How Do You Plan Your Estate When Not All of Your Kids Are in the Family Business?
Having your own business can be great, but many business owners tend to put their focus on the day-to-day operations of their business rather than thinking about the long term. It is a common mistake not to think about your business at a time when you may no longer be a part of it…. Read More »
Small Businesses Closing in Miami
Along one major retail thoroughfare in Miami, small businesses are being pushed out as customers flock to new businesses. Larger retailers have moved into the area, making it difficult for smaller businesses to compete. As these entrepreneurs work to sell off their inventory and make plans to move on, they also face numerous other… Read More »
Protecting Your Rental Property with an Estate Plan
Florida is a wonderful place to live, and not just because of its sun and sand. Entrepreneurs can capitalize on Florida’s appeal thanks to rising demand for rental properties. Because Florida also features low property taxes and no state income tax, rental property offers fantastic income potential. However, the issue of what happens to… Read More »
Resolve to Protect Your Heirs
Many people make New Year’s resolutions, though very few people keep them. According to one survey, about 32 percent of people have resolved to spend less and save more money this year. If you’ve also resolved to improve your financial situation, don’t forget to plan for what will happen to those finances in the… Read More »
The (New) American Dream
A study conducted in the spring of 2018, commissioned by the UPS Store, found that 75 percent of Americans dream of owning their own business. Although the reasons for this dream and the precise kind of business varied, most Americans who said they dreamed of opening a business were also confident in its success…. Read More »
How an Attorney Can Help Settle an Estate
When a person passes away and they still have assets in their revocable living trust, the successor trustee, or fiduciary, will likely need legal help to get the trust settled. It is important to understand the duties of the fiduciary under Florida laws. These include the duty to account to beneficiaries, duty of fairness,… Read More »
