1 year ago


8 x March 16 - April 5,

8 x March 16 - April 5, 2017 x TOURISMUPDATE submitted by Central Florida Hotel & Lodging Association HURRY, MUST REDEEM BY 3/31/17! Former Commissioner Scott Boyd (center) receives the 2016 CFHLA Public Servant of the Year award from Central Florida Hotel & Lodging Association representatives (l. to r.) Board of Directors Chairman David Bartek, Governmental Affairs Committee Chairman Peter Kacheris, Political Action Committee Chairman Jay Leonard, and President and CEO Rich Maladecki. The Central Florida Hotel & Lodging Association honored Scott Boyd, former Orange County District 1 commissioner, as the association’s 2016 CFHLA Public Servant of the Year. Former Commissioner Boyd was recognized at CFHLA’s February membership luncheon at DoubleTree by Hilton at the Entrance to Universal Orlando, which also featured a presentation by Bobby Bowers of STR on Central Florida hotel occupancy and room rate research information. The CFHLA Public Servant of the Year award is presented annually to a community leader who has demonstrated dedication to the advancement of Central Florida’s hospitality industry. Boyd, who recently departed the county commission due to term limits, was first elected to the Orange County Board of County Commissioners in 2008. He has long been an important partner of Central Florida’s tourism and hospitality industry, having supported revisions to the Venues Agreement to enhance projects, including the Dr. Phillips Center for the Performing Arts, Orange County Convention Center, and Camping World Stadium. Additionally, Boyd has served as a regional ambassador on several Visit Orlando trips to promote Central Florida as a world-class destination. His attentiveness to hospitality industry priorities was highlighted by his efforts during his final weeks in office to support CFHLA’s initiative to amend the county’s alcohol ordinance relating to hours of alcohol sales and service. If approved by the current board, this amendment will provide an enhanced customer experience for visitors to the region and Orange County residents. CFHLA salutes Boyd for his leadership and service to the Central Florida community. ª Get Social With Us! 4750 The Grove Dr., Ste 156 x March 16 - April 5, 2017 x 9 The Living Trust Revolution By Kristen M. Jackson Attorney Baby Boomers, those born between 1946 and 1964, make up about 23.5% of today’s total population yet they control over 80% of personal financial assets and more than half of all consumer spending. Considered the healthiest percentage of today’s population, nearly 42% of boomers seem to be in a state of denial regarding their own aging and death as exemplified more and more by those who are having plastic surgery in order to portray younger appearances and to maintain acceptance within social circles and the work place. Furthermore, about 25% of boomers claim they will never retire thereby prohibiting large segments of the population following the boomers from ever attaining the wealth and opportunities the boomers were afforded. As a result of the baby-boomer tidal wave of wealth that has transformed the face of everything in its wake, over the next 5 to 15 years trillions of dollars will be passed from the boomer generation to the next. Unlike boomers’ parents who relied so heavily upon social security as a means of retirement and often leaving little to pass on to their children, boomers have become the largest and wealthiest retiring class in the history of our nation and have much to bestow upon their children. Boomers realize that to fortify their financial goals and pass on their estates to their children, estate planning has become as essential to them as owning a house, a car, a television or a computer. Estate planning has become so important to boomers that not only are they preparing for their own but they are paying to have estate documents prepared for their parents as well. The boomers have turned estate planning into what has been dubbed a “Living Trust Revolution.” To put the revolt in perspective, boomers’ parents so often believed in the principal that “I had to fight for what I earned in life so let my children fight over what’s left once I am gone.” Over the past many years, boomers have experienced the impacts of what happens when their parents died without a will or a trust. They quickly learned terms like “intestate” and “probate”, often facing a war with siblings over who would receive mom’s wedding ring or dad’s gun and coin set. So what is this revolution all about? It is about Probate and how to avoid it. What is Probate? It is a legal process, also known as estate administration, that takes place after you die requiring attorneys and courts to oversee the payment of your debts and distribution of your assets to rightful heirs or other beneficiaries. Probate can be costly in both time and money. Having experienced a probate war and sibling rivalry at the time of a parent’s death, boomers rebelled against the need of attorneys and courts to decide what to do with the family estate. Boomers discovered that with a “Living Trust” probate roadblocks could be eliminated. Think of a “Living Trust” as a “Will” attached to a rainbow that begins with you, passes over the roadblocks, and leaves your loved ones with your pot of gold distributed how you wish, when you wish and to whom you wish without any need for a family war or the need for courts and attorneys. This is the thrust that has caused the “Living Trust Revolution.” Legal Areas of Practice By our Team of Attorneys Administrative Advance Directives Bankruptcy Business Buy / Sell Contracts Commercial Contracts Corporation Criminal Employment Estate Planning Family Law Guardianship Litigation Last Wills Medicaid Powers Of Attorney Pre-Nuptials Probate Real Estate Special Needs Title & Closings Trusts Trademark Estate Planning Wills, Trusts, Probate, Living Wills, Powers of Attorney, Health Care Directives, Pre-Need Guardians, Trust Administration, Pet (Animal) Trusts Probate With or without a Last Will, in order to obtain assets, pay debts and taxes and distribute remaining assets to the heirs or beneficiaries, the deceased’s estate requires the assistance of an attorney to manage the court supervised administration. Corporation & Business Law Contracts, Start-ups, Purchase or Sales, Corporations (Inc.), Limited Liability Companies (LLC’s), Trademarks, Copyrights, Franchise Agreements Real Estate Closings, Title Insurance, Sales & Purchases, Leases, Contract Review, Contract Preparation (407)363-9020 Offices: Orlando Credit Cards Accepted Kristen Jackson Attorney At Law