It’s Best To Protect Assets Before You Have A Problem

Barry Siegel urges you to plan ahead

Barry Siegel urges you to plan ahead

By Barry D. Siegel, Esq., The Siegel Law Group, P.A., Boca Raton

Imagine a husband and wife out for a drive on a rainy day, a child runs into the road, and the worst possible thing happens. In addition to the emotional shock and heartbreak, they soon learn that they have been named as defendants in a wrongful death lawsuit.

They call their auto insurance agent to ask how much coverage they have in this case, and are told that coverage is the minimum the state requires, which is $300,000. The insurance agent advises them that the company will assign a defense attorney to defend them.

Some days later they meet with the defense attorney who has requested a complete list of financial assets and liabilities. As they prepare their financial statement they realize what a strong financial position they are in. They have a mortgage-free residence valued at $300,000, a $400,000 IRA, $875,000 in stocks and bonds, and $275,000 in cash accounts. Frankly, most couples in their 50s would feel quite secure with a net worth of $1,850,000 and several years to earn prior to their planned retirement.

Two days later they receive a complaint from the attorney for the child’s parents claiming damages of $5,000,000. They forward the complaint to their attorney and he advises them that, if they proceed to trial, they are quite likely to lose.

He suggests that they might want to engage in some planning to protect what they can, but because the lawsuit has occurred, there is little that can be done to protect assets. They are forced to hire a bankruptcy attorney to determine how much of their property can be protected from the $5,000,000 lawsuit by filing for bankruptcy. The bankruptcy attorney requests a $25,000 retainer.

It dawns on them that they had considered a meeting with their estate planning attorney to discuss asset protection, but decided that they were protected with their insurance coverage and didn’t really have time for a meeting.

Unfortunately, scenarios like this occur every day in America; and once you have a legal problem it’s too late to do asset protection planning. It’s like trying to buy insurance for your boat while it’s sinking in the midst of a storm. Planning has to be completed when the skies are clear, and before anyone has any possible claim on your assets.

The Siegel Law Group is based in Boca Raton and has practice specialties in Estate Planning, Elder Law, Tax Planning, and Asset Protection. For more information, contact Mr. Siegel at 561 955-8515 or bsiegel@siegelestateplanning.com.

Some Points To Ponder for Boca/Delray

Well, here goes…..

If you had to name the geographic location of “downtown” Boca Raton, where would it be?
1. Mizner Park
2. Royal Palm Plaza
3. Palmetto & Federal
4. Other?
What would happen if you gathered a few 12 year olds, brought them to a basketball court and rolled out a ball? Maybe nothing. It just appears that today’s youths are so accustomed to organized sports with time clocks, statistics, uniforms, and officials that they have lost the real value of just playing in a park. Remember when we used to call our own fouls and balls and strikes, chose up our own teams, and played till we lost. Think about it. It was a real-life lesson. Just a thought.
Here we go. Entering prime time of Hurricane Season. How many have actually rolled out their generators and fired them up? I know one person who hasn’t.
Ever want just a regular slice of pizza? Stop by Tomasso’s on Palmetto Park Road, just east of I-95. Nothing fancy, just a good slice. This is what we call a pizza “joint.” A bit of a departure from the gourmet pizza, stone fired, etc. Speaking of pizza, isn’t there something wrong with putting pineapples on a pie?
Some things we take for granted here in Florida:
1. The most picturesque highway is the one leading down to Key West
2. Florida sunsets
3. The clouds. A friend once said that “Florida clouds are our landscape.”
4. South Florida is really becoming home. We’ve stopped asking – “Where are you from?”

The Interview: Charles Shane of Bryason Realty

 

Charles Shane and his "associates"

Charles Shane and his “associates”

Bryason Realty Corporation is one of the area’s leading commercial real estate companies. We sat down with Bryason Principal Charles Shane to talk about real  estate trends.

Please tell us a little bit about the company, its niche, and secret to success:

Bryason Realty Corporation is a boutique firm, based in downtown Boca Raton.  We have successfully negotiated several of the largest sales in Boca Raton over recent years, each in excess of $35 million.  We specialize in office/retail development, leasing, sales and property management.  We manage several  well-known “trophy” properties in town.  Our geographical focus is South Palm Beach/North Broward Counties.  Our success can be attributed to long-term relationships with a select group of clients, who have multiple real estate assets.

What are some of the trends you’re seeing in the local market and how it relates to  the emergence of South County as a prime business location?:

 The local market began showing increased activity early in the year, following five years of limited sales/leasing.  We expect 2014 to be a banner year, with activity levels approaching 2007 levels.  South County has long been established as a prime business location, with extensive amenities, low taxes, and business-friendly city administrations.

What are the “hot” areas and what types of businesses are moving here?:

Boca Raton remains #1!  The Business Development Board of Palm Beach County reports that 90% of the inquiries received target Boca Raton.  Recent new additions to the workforce in Boca Raton include high tech companies, medical research firms, and many financial and  legal firms.

Why are businesses moving to the South County area?:

South County offers all the amenities – A-rated schools, beautiful beaches, parks and recreation, low taxes, and a broad spectrum of housing – from gated communities on the west side to beachfront luxury on the east.

 

For more information on Bryason, please visit  www.bryason.com and view their market updates at theshanereport.com.

 

Boca Reserve Opens Model Center

Minto enters West Boca market

Minto enters West Boca market

It’s been quite some time since a new community has come out of the ground in West Boca Raton. The Minto Group is doing just that with the Grand Opening of Boca Reserve (www.bocareserve.com) , a luxury single-family home community featuring a wide range of single-family homes priced from $500,000.

This private, gated community is located west of State Road 7 on Palmetto Park Road. It is located near other communities such as Loggers Run, Boca Winds, and Boca Falls.

Boca Reserve will have only 44 homes. Seven floor plans are available with up to six bedrooms in one and two-story designs.

The key appeal of Boca Reserve is its location. It is minutes from the beach, Town Center Mall, and South County Regional Park. Families also have access to some of the finest schools in the area such as Loggers Run Middle School, Sandpiper Shores Elementary School, Waters Edge Elementary School, and West Boca Raton Community High school.

Boca Reserve is located at 12066 Boca Reserve Lane.

 

About The Company

Minto was founded in 1955 by four brothers in Ottawa. Since then, the company has grown into a multi-dimensional real estate development, construction and management company. It currently has operations in Ottawa, Calgary, and Florida  and has built more than 70,000 homes and has in excess of 17,000 rental homes and apartments under management.

Minto has a commercial portfolio of more than 3 million square feet of office, retail, and industrial space.

‘Jeans and Jewels’ Event To Benefit Place of Hope at Haven

A new era begins at The Haven.

On Friday, November 8, The Haven, a local foster home care facility, will enter a new phase of serving the community with the “Jeans and Jewels” event at the Boca Raton Resort & Club.

Earlier this year, The Haven, Inc., donated it’s assets to the Place of Hope, the largest provider of faith-based foster care and services for children in the dependency system, pregnant teens, victims of domestic minor sex trafficking, and those who have “aged out” of the foster care system.

The Haven, located on Boca Rio Road, is now part of this system and will re-open later this year as “Place of Hope at The Haven Campus.”

The Haven has a rich history in Boca Raton, first opening in 1976 to serve the needs of runaway children. For the next 36 years the Haven served over 1,000 children ages 9-17. In February, The Haven’s directors voted to have Place of Hope continue the mission and maintain ownership over the 14 acre campus.

“Jeans and Jewels” is a chance to support this terrific charity.

The event starts at 6:30 p.m. and will include a silent auction followed by dinner, a live auction, and dancing in the Royal Ballroom.

Executive Director Charles Bender is excited about the future.

“At Place of Hope at The Haven Campus, we plan to provide faith-based, family-style foster care for sibling groups and other special needs foster children,” Bender said.  “We’ll also provide case management, therapy, tutoring and mentoring, life-skills training, and community involvement.”

For more information on the “Jeans and Jewels” event, visit www.hopeatthehaven.org.

The Interview: “Big” Joe Stout of The Food Beat.com

Joe Stout, the visionary behind TheFoodBeat.com

Joe Stout, the visionary behind The FoodBeat.com

HUNGRY? VISIT THEFOODBEAT.COM

We recently caught up with Big Joe Stout, founder of www.thefoodbeat.com, a web site that reviews and features many of the restaurants here in Delray Beach. This is what he had to say about the culinary delights in Delray.

 

How did you come up with the idea for The Food Beat?: I was watching “Diner’s, Drive In’s, and Dives” one night and thought to myself, “Why couldn’t I do something like this for Delray Beach?” With the amazing popularity of the Food Network and Delray’s expansive array of eating places, it just seemed to make sense. And when you factor in that my life’s work has focused on food and video production, the marriage came naturally. I owned and operated a chain of five restaurants, a catering company, and a wholesale bakery in Michigan from 1980 to 1997, and then jumped into video production soon after. The Food Beat provides a restaurant and entertainment search engine where each business is featured in high definition video. This gives people looking for a place to eat  a more comprehensive understanding of what they will be getting. We also have programs that provide an in-depth look at the restaurant and also gives viewers some unique insight. Everything we do is off-center and generally whimsical. Our show “Rollin with Murph” stars Danny Murphy, a chair-user for over 30 years. Danny has been in many major motion pictures including “There’s Something About Mary” and “Kingpin.” The show brings out the user friendly attributes of a restaurant’s accessibility. “The Nutrition Goddess” features bubbly nutrition expert Coco Fry who explores the healthier side of Delray dining, and “Food Woofers” is our version of “Man VS Food.”  We even have a show called “Home Cook’n” that provides our viewers with video recipes they can also print out.

 

 

What are some interesting stories you can tell about exploring the world of restaurants here?: Two things kind of jump out at me. One, the majority of the locally owned restaurateurs are extremely passionate about their work. Part of that is because they know the competition is significant, but I believe more so because they have a tremendous amount of pride in what they do. There is a huge level of satisfaction knowing customers love your food and service, and of course, that generally equates to a growing business.

The other things that jumps out is the high level of skepticism most of these business owners have. I’m from Michigan where most people are more trusting and open…certainly more guarded here in south Florida. When I tell them the listing is free and they have no obligation, you can sense they are wondering what the catch is. You really have to work at building the trust, but once you do, the entire process gets much easier.

Overall, I have met some really good people who are hard working, community oriented people that love Delray Beach.

How many different types of restaurants are there in Delray?: On one of our shows, “Street Beat” where we ask locals random food related questions, we asked what restaurants  is Delray Beach missing? There is certainly no shortage of Italian joints, but a few mentioned Indian and  a Brazilian Steakhouse. Other than that, I believe most cuisine bases are covered nicely. We have really made a diligent effort to locate the unique and off the radar places a lot of people are unaware of. Believe it or not, there are many great places to eat in Delray Beach that are not in the downtown section of Atlantic Avenue. Although the “Ave” is hard to beat for food and excitement, there is a bigger food picture in Delray.

 

 

Any particular favorites that you can recommend for the following activities?:

  • Watching a football game: Delray gives you many sports bar options, but I tend to gravitate to the great food, great people spots where I can enjoy the camaraderie. Johnny Brown’s is always fun and has a great bar menu.

 

  • Taking wife/girlfriend out for birthday, anniversary, Valentine’s Day:  Throw a dart. It all depends what you are looking for, but again, I tend to favor the places where the people are the most welcoming and make you feel special. My wife and have been going to Da Da since we moved here and always take out of town guest’s there for a great evening. Caffe Luna Rosa is wonderful and has a great beach location. SoLita’s has a really hip, chic atmosphere that relates to romance that my wife thinks is really cool. And if you want to feel like you are going to your Italian Uncle’s for a family like gathering, Casa Di Pepe in Pineapple Grove is a great option. I would also suggest a trip out to Patio Delray where Miss Lilly will treat you like a long lost friend.

 

  • Looking for the most diverse selection of brewskis?: Believe it or not, Puccini’s Pizza has some really great craft beers and they take it very seriously too. I have been there when they host events centered around the introduction of a new ale. I also enjoy throwing back a cold one at Tim Finnegan’s Irish Pub. Great bar, great people, and great food. And if you like Irish Whiskey, no one has a bigger variety in Delray Beach.

 

  • Other: The organic/health craze is well represented at The Green Gourmet on Jog Road. Joey and Wilson are the gurus of great tasting organic and they really know how to treat their customers. And of course, Fit Food Express brings healthy options right to your door .

Saturnia: A Residential Success Story In West Boca

Saturnia in West Boca

Saturnia in West Boca

Truly one of the residential community success stories of west Boca Raton, Saturnia (www.saturniabocaratonhomes.com) continues to be one of the preferred destinations for families seeking a South Florida lifestyle.

Developed in the late 1990s by G.L. Homes, Saturnia features 400 Mediterranean-style single family homes with up to 6,000 square feet. The guard-gated community also boasts an elegant clubhouse with resort-style pool, deck space, and a full-service fitness center.

Large lakes wind through the community, creating a peaceful environment. In addition, Eagles Landing Middle School and Sunrise Park Elementary School are just outside the main gate, within easy walking distance. It is located on the west side of Coral Ridge Drive, south of Yamato Road, and west of State Road 7.

Prices range from the $400,000s to over $1 million.

Neighborhood Profile: Loggers Run

Loggers Run features nearby schools, parks and shoppinh

Loggers Run features nearby schools, parks and shopping

Loggers’ Run Community

Loggers’ Run (www.loggersrun.com) is an upscale family oriented community located in west Boca Raton. The community provides a number of amenities to its residents and is located close to a number of excellent schools. There are dozens of parks, museums, and shopping centers located only a quick drive away.

 

History

The Loggers’ Run community was built up over a period of approximately thirty years from the late 70s through the early 2000s. As Boca Raton has grown in popularity, the community at Loggers’ Run has become more and more popular along with it over the years.

 

Housing

Home buyers will find a collection of single-family homes, villas, and townhouses in all different sizes and styles. Loggers’ Run is divided up into 15 different subdivisions, each with their own style and personality.

 

The Indian Head subdivision is comprised of 200 ranch homes. The Timberwalk subdivision has 255 homes that all share a community pool and clubhouse. The homes in the Estates of Country Landings subdivision all border on the public golf course that is in the process of being developed. For a more exclusive option, the Crystal Cove Estates and Island Lakes subdivisions are both gated communities.

 

Restaurants & Shopping

With the extreme popularity of the Boca Raton area, there is no shortage of great places to eat and shop around Loggers’ Run. The Shoppes of Loggers Run is located on W Palmetto Park Rd and features a number of everyday stores like Walgreens and Publix. The Shoppes of Loggers Run also has a Salon and a Nail Spa, as well as a Wendy’s and a Subway.

 

For more serious shopping, Town Center at Boca Raton is just a short drive from Loggers’ Run. This is a huge mall that features hundreds of stores, including Abercrombie, Banana Republic, Coach, Lacoste, Ralph Lauren, and many others.

 

With all of the restaurants of Boca Raton only a quick drive away, there is also no shortage of excellent restaurants near Loggers’ Run. One of the more interesting local options is The Sybarite Pig. They are known for making their own sausages and having an extensive collection of craft beer. If you are looking for a classy dining experience, The Capital Grille in Boca is always fantastic.

 

Family & Fitness

Many of the subdivisions at Loggers’ Run have their own amenities, but there is also a park for the entire community located on Palmetto Park Road. The park has a playground for children, a picnic pavilion, and restroom facilities. For more active residents, there are also basketball courts, nature trails, and a roller hockey rink.

 

Schools

The Boca Raton area is known for having an excellent education system. Residents of the Loggers’ Run community will see their children assigned to one of three elementary schools, three middle schools, and three high schools. One of the middle schools, Loggers’ Run Middle School, is actually located right in the middle of the community.

 

Quirks

All homes fall under the Loggers Run community association. Island Lakes, Winding Lakes Estates, and Crystal Cove also have their own associations due to the maintenance of guard gates.

Major Street Boundaries

Loggers’ Run is bordered by the Sawgrass Expressway and US-441. Residents also have easy access to the Florida Turnpike, 595, and I-75.

 

When you combine the restaurants, shopping, schools, and other amenities with the weather of Boca Raton, it is hard to imagine a reason not to target Loggers’ Run as the kind of place to raise a family or retire.