R-E-S-P-E-C-T the Estate

Mon 19th Nov, 2018 | Blog by

Recently, legendary singer Aretha Franklin passed away; unfortunately, she did not have a Last Will & Testament. Passing away without a Will opens up the private performer’s estate to public awareness and unnecessary costs. Franklin, who died in Michigan at age 76, left behind four sons, but no guidance on how to distribute her estimated $80 million estate. The eldest son, Clarence, age 63, has unspecified special needs and requires financial and other forms of …

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“Save our Homes” and the Portability of the “Save our Homes” Exempt Value

Mon 19th Nov, 2018 | Blog by

One of the benefits of owning a primary residence in Florida is a Florida Constitutional right of Homestead. In addition to homesteaded property being protected from certain judgement creditors, owners of homestead property are eligible to apply for a Homestead Exemption on their property taxes. This exemption essentially provides the owner with a reduction of up to $50,000.00 on the assessed value of their primary residence, thus lowering their property taxes. A lesser known benefit …

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Do You Need a Lady Bird Deed?

Mon 7th Aug, 2017 | Blog by

  When a family creates an estate plan, their primary goals are often to make sure their assets are received by their loved ones and that a probate administration is not needed. Most individuals also want to retain full control of their assets during their lifetime. An enhanced life estate deed is a useful and rather simple estate planning tool. An enhanced life estate deed is commonly referred to as a “Lady Bird deed,” and …

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The “Estoppel Law”

Mon 7th Aug, 2017 | Blog by

By: Morgan Hila, Esq. On June 14, 2017, Florida Governor Rick Scott signed Senate Bill 398 pertaining to Estoppel Certificates into law effective July 1, 2017. The new law modifies the previous requirements relating to the issuance and expiration of estoppel certificates, substantially amending Chapter 719 of the Florida Statutes governing cooperatives, Chapter 718 of the Florida Statutes governing condominiums, and Chapter 720 of the Florida Statutes governing homeowners’ associations. Customarily, estoppels detail unpaid fines, …

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