Mon 19th Nov, 2018 | Blog by Michael Michetti
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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Mon 7th Aug, 2017 | Blog by Michael Michetti
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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Mon 7th Aug, 2017 | Blog by Michael Michetti
Avoid Misinterpretations in Written Contracts (part 2 of 2) By: Rachel Kerlek, Esq. In Part 1 of this article, we discussed the importance of businesses having written agreements to govern their relationships. A well-written agreement allows the parties to eliminate doubt regarding their rights and obligations, and provides a road map to help predict how a dispute may end. However, if parties are not careful, those agreements can act as a double-edged sword. This article …
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Fri 3rd Feb, 2017 | Blog by Michael Michetti
By: Loretta Tsiskakis, Esq. There are many reasons why a real estate closing can be delayed or cancelled when the transaction involves institutional financing. If you are considering obtaining financing to purchase real estate, it is important to keep in mind common delays that occur with lenders in order to increase your chances of avoiding these delays and closing as scheduled. MISSING PAPERWORK Most delays in a financed purchase are caused by the buyer’s failure …
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