Page 10 - Boca Club News - February '25

Page 10, Boca Club News
Arts Garage in Delray Announces

A-List Lineup of Comedy

Arts Garage, a Visual & Performing Arts Venue April 4th at 8 p.m.: For more comedy, Arts Garage offers Comedy Open
located in Delray Beach that connects the local community The Art of Laughter Mic Nights and All Arts Open Mic Nights at 8 p.m. on
to the world through the arts, today announced its lineup of with Headliner Kellen the first and second Tuesdays of the month, respectively,
A-List comedians for 2025. The venue’s highly successful Erskine Featuring Carmen as well as these special offers:
Stand-up Comedy Series is entering its third year hosted Vallone. Kellen Erskine was Happy Hour: 6 to 8 p.m. on First Fridays during the
by stand-up comedian Mariza Brussolo, a 2019 Florida named one of TBS’s Top Ten Delray Beach First Friday Art Walk; 50% off wine by the
Funniest Female finalist and the winner of 2022 Cape Comics to Watch. He has glass and beer; and other Drink Specials.
Coral Comedy Festival. appeared on Conan, Comedy Early Bird Discount for Art of Laughter shows: $10
March 7th at 8 p.m.: Central, Jimmy Kimmel off tickets until two weeks before each show with Code:
The Art of Laughter with Live!, NBC’s America’s Got EARLYBIRD.
Headliner Learnmore Talent, and the Amazon Original Series Inside Jokes. He Arts Garage continues to add new programming
Jonasi Featuring Mai has two comedy specials with DryBar Comedy, Negative and events to its schedule and offers thought-provoking,
L.G. The comic from Comments and Composed, and has garnered over 200 community-driven and socially relevant productions from
Zimbabwe’s spectacular million views across social media. He currently tours the professional, cutting-edge performers, playwrights and
audition on America’s Got country and hosts the weekly comedy podcast, The Book artists. For more information, call (561) 450-6357 or visit
Talent won him a Golden Pile. ($35; Restricted Performance: 18 and Older Only) artsgarage.org.
Buzzer. Jonasi is a stand-up
comedian and actor who
stands at over 6 feet. His comedy is brought to life by past
experiences, observations and his view (from the top).
($40; Restricted Performance: 18 and Older Only).

Asset Protection in Estate Planning
7th Annual “Waste to Wonder” from page 9
You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern
Friday. Resource Depot is located at 2508 Florida Avenue is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care
in West Palm Beach. providers, credit card issuers, business creditors, and creditors of others.
Each year this annual show features a diverse mix of To insulate your property from such claims, you’ll have to evaluate each tool in terms of your own situation. You may decide that insurance
local artists and artwork. Featured artists for 2025 include: and a Declaration of Homestead may be sufficient protection for your home because your exposure to a claim is low. For high exposure, you may
want to create a business entity or an offshore trust to shield your assets. Remember, no asset protection tool is guaranteed to work, and you may
Lori Arbel, Sonya Sanchez Arias, Alyssa Book, Rita have to adjust your asset protection strategies as your situation or the laws change.
Boutros, Jerilyn Brown, Pia Dugger, Lori Dunsmore, Rod Liability insurance is your first and best line of defense
Faulds, Judy Flescher, Johanna Fox, Christine Lisi, Jennifer Liability insurance is at the top of any plan for asset protection. You should consider purchasing or increasing umbrella coverage on your
O’Brien, Ellen Sall, Mike Silverman, Pamela Tatti, Shannon homeowners policy. For business-related liability, purchase or increase your liability coverage under your business insurance policy. Generally, the cost
Walker, Tina Wright and Zhongguo Zheng-Abu. of the premiums for this type of coverage is minimal compared to what you might be required to pay under a court judgment should you ever be sued.
The exhibition is funded in part by The Cultural A Declaration of Homestead protects the family residence
Your primary residence may be your most significant asset. State law determines the creditor and judgment protection afforded a residence by
Council for Palm Beach County and the county itself. way of a Declaration of Homestead, which varies greatly from state to state. For example, a state may provide a complete exemption for a residence
Sponsored by Standing Ovations. Learn more at https:// (i.e., its entire value), a limited exemption (e.g., up to $100,000), or an exemption under certain circumstances (e.g., a judgment for medical bills). A
www.resourcedepot.org/current-exhibition Declaration of Homestead is easy to file. You pay a small fee, fill out a simple form, and file it at the registry where your deed is recorded.
About Resource Depot. Resource Depot is a creative Dividing assets between spouses can limit exposure to potential liability
reuse center in West Palm Beach dedicated to promoting Perhaps you work in an occupation or business that exposes you to greater potential liability than your spouse’s job does. If so, it may be a
environmental sustainability and creativity through reuse good idea to divide assets between you so that you keep only the income and assets from your job, while your spouse takes sole ownership of
and education programs. The nonprofit organization your investments and other valuable assets. Generally, your creditors can reach only those assets that are in your name.
redistributes discarded items to teachers, artists, families Business entities can provide two types of protection — shielding your personal assets from your
and other nonprofits, hosts workshops and community business creditors and shielding business assets from your personal creditors
Consider using a corporation, limited partnership, or limited liability company (LLC) to operate the business. Such business entities shield

events and collaborates with educators to integrate the personal assets of the shareholders, limited partners, or LLC members from liabilities that arise from the business. The liability of these
environmental awareness into programs. Learn more at owners will be limited to the assets of the business.
https://www.resourcedepot.org/. Conversely, corporations, limited partnerships, and LLCs provide some protection from the personal creditors of a shareholder,
limited partner, or member. In a corporation, a creditor of an individual owner is able to place a lien on, and eventually acquire, the shares of the
debtor/shareholder, but would not have any rights greater than the rights conferred by the shares. In limited partnerships or LLCs, under most
state laws, a creditor of a partner or member is entitled to obtain only a charging order with respect to the partner or member’s interest. The
charging order gives the creditor the right to receive any distributions with respect to the interest. In all respects, the creditor is treated as a mere
assignee and is not entitled to exercise any voting rights or other rights that the partner or member possessed.
Certain trusts can preserve trust assets from claims
People have used trusts to protect their assets for generations. The key to using a trust as an asset protection tool is that the trust must be
irrevocable and become the owner of your property. Once given away, these assets are no longer yours and are not available to satisfy claims
against you. To properly establish an asset protection trust, you must not keep any interest in the trust assets or control over the trust.
Trusts can also protect trust assets from potential creditors of the beneficiaries of the trust. The extent to which a beneficiary’s
creditors can reach trust property depends on how much access the beneficiary has to the trust property. The more access the
beneficiary has to the trust property, the more access the beneficiary’s creditors will have. Thus, the terms of the trust are critical.
There are many types of asset protection trusts, each having its own benefits and drawbacks. These trusts include:
• Spendthrift trusts
• Discretionary trusts
• Support trusts
• Personal trusts
• Self-settled trusts
Since certain claims can pierce domestic protective trusts (e.g., claims by a spouse or child for support and state or federal claims), you can
bolster your protection by placing the trust in a foreign jurisdiction. Offshore or foreign trusts are established under, or made subject to, the laws
of another country (e.g., the Bahamas, the Cayman Islands, Bermuda, Belize, Jersey, Liechtenstein, and the Cook Islands) that does not generally
honor judgments made in the United States.
A word about fraudulent transfers
The court will ignore transfers to an asset protection trust if:
• A creditor’s claim arose before you made the transfer
• You made the transfer with the intent to defraud a creditor
• You incurred debts without a reasonable expectation of paying them
This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the
foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a
recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is
not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance
may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate
professional. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government
agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Investment Advisory
services offered through Raymond James Financial Services Advisors, Inc. The information contained within this commercial email has been obtained from sources considered reliable, but we do
not guarantee the foregoing material is accurate or complete.
Raymond James Financial Services
Arthur Rottenstein

Registered Securities Principal

301 E. Yamato Road, Suite 3160
Boca Raton, FL 33431
561-241-6616

Arthur.Rottenstein@RaymondJames.com
bocaratonfinancialplanner.com