bruuhky

[clarkelawpa]

FUTMA Accounts and Transfers

FUTMA ACCOUNTS

The Florida Uniform Transfers to Minors Act (FUTMA) (Florida Statutes Sections 710.101-710.126) provides an easy way to transfer property to minor beneficiaries. It allows for the transfer of assets, including money and real estate, to a custodial account for a minor beneficiary.

Pursuant to FUTMA, an adult can open a custodial account for a minor by titling the account in their name as “custodian for (designated minor) under the Florida Uniform Transfers to Minors Act.”

The designated custodian has the duty to manage the assets in the FUTMA account for the benefit of the minor beneficiary until he reaches adulthood (either age 18 or 21, depending on how the designation is worded).  Once the beneficiary reaches the age of majority, he  becomes owner of the account.

FUTMA accounts are simple alternative to setting up a trust, which typically involves considerable time and expense.

FUTMA Asset Protection

Property in a FUTMA account is legally considered to belong to the minor beneficiary.  FUTMA assets are not available to satisfy debts of the custodian of the account. Therefore, by setting up a FUTMA account for a minor, a custodian can ensure that those assets pass to the designated beneficiary free of any creditor claims against the custodian that arise later.

An important caveat is that a custodian’s transfer to a FUTMA account could be challenged if the custodian sets up the account after a creditor has already sued him.   Under Florida’s Fraudulent transfer law (Chapter 726 of the Florida Statutes), a transfer will be held to be fraudulent if it is proven that it was made with the actual intent to avoid paying a creditor.

FUTMA Examples:

1)  Bob Blackmon transfers an investment house to his grandson, Todd, by executing a deed that conveys the property to “my son John Blackmon as custodian for Todd Blackmon under the Florida Uniform Transfers to Minors Act.”

The property is now held by John  for the benefit of his son Todd.   John can mortgage or sell the property, but only for Todd’s benefit. John’s  creditors can not seize the property to satisfy his debts.  Once Todd reaches the age of majority, he automatically becomes its legal owner.

2) Teresa Alvarez wants to give $50,000 to Melissa Cruz, her 6 year old granddaughter, when she dies. So she places $50,000 into a savings account and writes the following beneficiary designation on the account: “ to my daughter Maria Cruz as custodian for Melissa Cruz under the Florida Uniform Transfers to Minors Act.”

When Teresa dies, the account passes to Maria, as custodian for her daughter Melissa.  When Melissa reaches the age of majority, she becomes the record owner of the account.

 FUTMA vs. POD and TOD Accounts

FUTMA accounts offer specific protection from creditors not not found in Payable on Death (POD) or Transfer on Death (TOD) accounts. Unlike FUTMA accounts, POD and TOD accounts are owned by the transferor until his death, at which point ownership passes directly to the named beneficiary. For this reason, POD and TOD accounts are vulnerable to seizure by the transferor’s creditors until the transferor’s death.

By contrast, a FUTMA account is considered to be beneficially owned by the designated minor beneficiary. Therefore, the custodian’s creditors can not levy against it to collect the custodian’s debts.

Estate Planning with FUTMA Accounts

FUTMA accounts are a handy way leave assets to your minor children and grandchildren.  Instead of setting up a complicated trust, you can simply state in your will that you are leaving property “to (custodian name) as custodian for (minor beneficiary name) under the  Florida Uniform Transfers to Minors Act.”

Florida attorney John Clarke specializes in asset protection, probate, and estate planning. Check out our other articles on these topics.

Contact Florida asset protection attorney John Clarke at (954)556-8952 if you would like assistance with asset protection or estate planning!

[whatsgaming]

FIFA 22 Shapeshifters Team 3 Prediction

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[1bundesligaedits-blog]

Bellarabi zeigte ein starkes Spiel gegen Bremen😍🔥... - - Partnerseite: @extremfussball - - #1be #Editbande #Edit #FUTmas #fifa18 #18 #goal #fuss #ball #fussball #football #footballmatch #fussballspiel #adidas #nike #sponsor #newcard #trikot #new #card #buli #bellarabi #karim #bayer04#b04

[baikaishui520668]

[stanleyleao-blog]

Video completo com Investimentos para o #FUTMAS. Tem os melhores momentos da Live que foi muito top. Quem puder dar aquele RT humilde pra ajudar vai ganhar um Beijo. Tmj meus manos e manas. Amo vocês! https://youtu.be/l9Cj3tLQcYU https://www.instagram.com/p/B58nXBMBoA0/?igshid=rjv7s30psaq3

[futfreeze]

🇫🇷 FUT 21 Futmas - Crédits Gratuit et illimités FIFA 21🏆! PC PS4 PS5 XBO...

https://astucefut21.com/

[amphitheresarewingednoodles]

Happy 4/13 ya filthy animals

[remthalas]

Hey so just in case that's completely unreadable

FUTMA KUL SHEMTOR

FUTMA TUJ TUGLUTHINKLEHT

THIFTA LISH TUWIRG FU BIMIKE

THIFTA LISH TUKLEHT

FUTMA KUL SHEMTOR

Luckily for the both of us, your accent is abhorrent.

[clarkelawpa]

FUTMA ACCOUNTS

FUTMA ACCOUNTS

The Florida Uniform Transfers to Minors Act (FUTMA) (Florida Statutes Sections 710.101-710.126) provides an easy way to transfer property to minor beneficiaries. It allows for the transfer of assets, including money and real estate, to a custodial account for a minor beneficiary.

Pursuant to FUTMA, an adult can open a custodial account for a minor by titling the account in their name as “custodian for (designated minor) under the Florida Uniform Transfers to Minors Act.”

The designated custodian has the duty to manage the assets in the FUTMA account for the benefit of the minor beneficiary until he reaches adulthood (either age 18 or 21, depending on how the designation is worded).  Once the beneficiary reaches the age of majority, he  becomes owner of the account.

FUTMA accounts are simple alternative to setting up a trust, which typically involves considerable time and expense.

FUTMA Asset Protection

Property in a FUTMA account is legally considered to belong to the minor beneficiary.  FUTMA assets are not available to satisfy debts of the custodian of the account. Therefore, by setting up a FUTMA account for a minor, a custodian can ensure that those assets pass to the designated beneficiary free of any creditor claims against the custodian that arise later.

An important caveat is that a custodian’s transfer to a FUTMA account could be challenged if the custodian sets up the account after a creditor has already sued him.   Under Florida’s Fraudulent transfer law (Chapter 726 of the Florida Statutes), a transfer will be held to be fraudulent if it is proven that it was made with the actual intent to avoid paying a creditor.

FUTMA Examples:

1)  Bob Blackmon transfers an investment house to his grandson, Todd, by executing a deed that conveys the property to “my son John Blackmon as custodian for Todd Blackmon under the Florida Uniform Transfers to Minors Act.”

The property is now held by John  for the benefit of his son Todd.   John can mortgage or sell the property, but only for Todd’s benefit. John’s  creditors can not seize the property to satisfy his debts.  Once Todd reaches the age of majority, he automatically becomes its legal owner.

2) Teresa Alvarez wants to give $50,000 to Melissa Cruz, her 6 year old granddaughter, when she dies. So she places $50,000 into a savings account and writes the following beneficiary designation on the account: “ to my daughter Maria Cruz as custodian for Melissa Cruz under the Florida Uniform Transfers to Minors Act.”

When Teresa dies, the account passes to Maria, as custodian for her daughter Melissa.  When Melissa reaches the age of majority, she becomes the record owner of the account.

 FUTMA vs. POD and TOD Accounts

FUTMA accounts offer specific protection from creditors not not found in Payable on Death (POD) or Transfer on Death (TOD) accounts. Unlike FUTMA accounts, POD and TOD accounts are owned by the transferor until his death, at which point ownership passes directly to the named beneficiary. For this reason, POD and TOD accounts are vulnerable to seizure by the transferor’s creditors until the transferor’s death.

By contrast, a FUTMA account is considered to be beneficially owned by the designated minor beneficiary. Therefore, the custodian’s creditors can not levy against it to collect the custodian’s debts.

Estate Planning with FUTMA Accounts

FUTMA accounts are a handy way leave assets to your minor children and grandchildren.  Instead of setting up a complicated trust, you can simply state in your will that you are leaving property “to (custodian name) as custodian for (minor beneficiary name) under the  Florida Uniform Transfers to Minors Act.”

Contact Florida asset protection attorney John Clarke at (954)556-8952 if you would like assistance with asset protection or estate planning!

[tetriquinn]

Dream SMP locations/moments/characters as their respective canon Homestuck songs.

/rp /dreamsmp (based on characters, not creators)

Source: I said so.

SUPER LONG LMAO

The links go with the descriptions above them. Mobile formatting makes the list really confusing. Sorry about that.

The entire SMP. I tried to assign this to a specific event but I couldn't. Eternity is just too powerful. It literally has the best moment in all of Homestuck music history. That kind of raw energy cannot be defined by a single event. [Eternity Served Cold] Tommy, Tubbo, and Wilbur joining - L'Manburg War

[Sburban Jungle]

Pogtopia/Manburg War

[Welcome to the New Extreme]

The First Disc War(s, if you include the other disc-related conflicts)

[Showtime - Imp Strife]

The first half of the Final Disc War

[You Killed My Father (Prepare To Die)]

The second half of the Final Disc War

[Showtime - Piano Refrain]

The Eggpire after Tommy died (Yes I know I’ve made this joke before shut up it was my best meme)

The Banquet. Before the... y’know... murder part.

Actually no, The Banquet including the murder part.

[Pumpkin Party]

Ghostbur entering the prison

[Love You]

Revivedbur exiting the prison (er, just kinda showing up where he died I guess

[Hate You]

Manburg Festival (October 16th)

[Harlequin]

January 5th (New L'Manburg Festival + Ranboo's Panic Room)

[Dark Carnival]

The period between Tommy's death in the Prison and Tommy's revival

[Heir Of Grief]

Ranboo & Fundy's ice cream shop; Niki & Puffy's flower shop

[Moonsetter]

Revivedbur and Quackity with the burger shops

[Beatdown]

Ranboo and Tubbo with the burger shops

[Candles And Clockwork]

Jack Manifold. Just. In general. (AND NO IT’S NOT JUST A SOLLUX JOKE YEAH THAT’S RIGHT I SAW ONE OF YOU FUCKERS MEDIA SHARE THIS ONE TO HIM LAST WEEK)

[La2t Frontiier]

That little arc where Tubbo was trying to be a detective instead of mourning the violent and brutal death of his best friend

[BL1ND JUST1C3]

Doomsday

[Even In Death - T’Morra]

What? You thought I was going to say Carne Vale? You thought Doomsday was [S]: Game Over? Amateurs.

When Dream and Techno inevitably break out of the prison because let’s be real that’s happening one way or another (bonus points if Techno finds out about Dream manipulating Ranboo and goes apeshit)

[Carne Vale]

My DSMP sona when she encounters someone who manipulated the kids

Las Nevadas/ Casino Q

[Black]

The Syndicate lmfaooooooooo (I’m only half kidding here)

[I’m A Member Of The Midnight Crew but it’s the nice a capella version that everyone likes because it’s objectively the best one]

That one time Tubbo finally went to visit Tommy in exile and thought he [S] Game Over’d himself

[Flare]

The stream where they created Church Prime

[Creata]

PLEASE let Tommy just go apeshit ONE time every time he does even one SMALL THING for himself the entire fucking universe turns on him please he deserves to let it all out and kick actual fucking ASS EVEN ONE TIME COME ON

[Valor]

Tales From The SMP/ Karl in General

[Temporal Shenanigans]

Karl’s karaoke nights (yes I know this one isn’t a canon song but it’s a mix of 3 canon songs plus Space Jam okay it counts)

[Slam Jam]

Anyone remember the Karl Reef?

[Fuchsia Ruler]

Wilbur turning a drug van in the woods into an entire country

[WV: Become the Mayor of Cans]

The Dreamon Hunters, my absolute beloveds. My favorite arc on the entire SMP.

[At The Price Of Oblivion]

Tubbo sitting over the remains of his country on L’Manburgian Independance Day earlier this month (yes I’m spelling it as “Independance” because that’s what their constitution said okay it’s their fault not mine)

[Three In The Morning Aftermath]

Tommy leaving Exile (or him being revived I guess idk)

[Savior of the Waking World]

If Sapnap ever DID ANY LORE COME ON MAN YOU HAVE THE MOST POTENTIAL HERE

[Time On My Side]

The big final battle against The Egg that we never got :(

[Battle Against an Unfathomable Enemy]

Enderwalk Ranboo it’s literally perfect

[Black Rose / Green Sun]

I don’t think I even have to tell you what this is for. Look at the title. You’ll know.(Dream in the Prison in case you’re seeing this way in the future and don’t have this context)

[Constant Confinement]

Ranboo & Fundy doing dumb shit together (the good ol’ days)

[Wacky Antics]

I could use this for an actual, plot-relevant location, but no their SCUFFED-ASS NETHER IT HURTS SO BAD PLEASE SOMEONE JUST FIX IT IT’S SO GARBAGE (except for the portal hub that looks really nice)

[Underworld]

Ranboo’s lil’ Ender particles (chat) jammin to fuckin’ Cabinet Man or some shit during lore

[Arcade Thunder]

Tubbo’s execution

[Trials And Execution]

Clingyduo when they actually get to fight/hang out together canonically

[Skiain Skirmish]

Revivedbur (yes I’m serious)

[Hardchorale]

Dream XD

(I FORGOT IT HAD THE FLOWEY LAUGH AND I GOT WHIPLASH WHILE TYPING THIS DUSIGYUSIHV)

[Lordling]

Dream getting posessed by the Dreamon and having to be exorcised (yeah remember that? Probably not.)

[Sunslammer]

The Inbetween and The Other Side fighting to get Karl to listen (Another one I’m pretty sure is canon)

[Derse Dreamers]

The final battle of the SMP. It’ll happen eventually. It can’t last forever, you know

[Rex Duodecim Angelus]

This went from a shitpost to a very long, fairly accurate (and fairly full of memes) analysis help I’m so tired.

Honorable mentions that I couldn’t add because they’re technically not canon songs:

Eret all the time

[Let Me Dance, Let Me Glisten]

The Eggpire just being able to understand The Egg (I say sarcastically, as if I don’t have this song written in a fictional language memorized)

[Futma Kul Shemtor (Hymn of the Horrorterrors)]

[mybloodline]

Tkom dasht edhe ngjum

Ma mir futma mu nplum

[dirtyplebs]

FIFA 20 Ultimate Team | FUTMAS

FIFA 20 Ultimate Team | FUTMAS

Get into the festive spirit and unwrap new content every day during FUTMAS! Decorate your team with new talent by (more…)

[1bundesligaedits-blog]

BVB Future Stars😍💛... Wer ist besser von beiden?🤔 - - Partnerseite: @extremfussball - - #1be #Editbande #Edit #FUTmas #fifa18 #18 #goal #fuss #ball #fussball #football #footballmatch #fussballspiel #adidas #nike #sponsor #newcard #trikot #new #card #buli #batsman #pulisic#christian #bvb #dortmund #bvb09

[baikaishui520668]

[benchmarkgaming-blog]

FutMas Pack Opening -GOT TOTW & Board Drops !