Serving South Florida Since 1974
If you first made an estate plan when your kids were little, you likely never considered sharing the details of it with them. Now that they have grown up and left home, you might wonder whether you should. It becomes more important to do so with every passing day...
Property values in Florida are on the rise. As such, portability of the homestead tax exemption for a primary residence is a hot topic. Homestead portability allows an owner of homestead property to “port,” or transfer, all or part of his or her Save Our Homes...
We are often been asked by clients why a will must be signed twice. The practice seems redundant to many clients. In short, the practice is determined by long-standing law and procedure designed to confirm the validity of a will after the testator’s death. A will is...
When you pass away, your assets will be distributed in accordance with your estate plan or the laws of intestacy. But what happens to your debt? Unfortunately, it does not die with you. Your estate is responsible for satisfying your unpaid credit cards, medical...
Deeds are an essential part of every real estate transaction. A deed is a written instrument that evidences the transfer of title to real property from one party to another. There are various types of deeds wherein different warranties of the condition of title are...
Nothing is certain in life except death and taxes. However, strategic estate planning can dramatically decrease any taxes due at the time of your death. Historically, wealthy individuals and families have used dynasty trusts to protect and preserve their fortune...
The Florida Uniform Transfers to Minors Act (“FUTMA”) provides a relatively straightforward way to give a minor an ownership interest in assets while maintaining control until the minor reaches the age of majority. Most people who establish FUTMA accounts for children...
Recently, I was asked on two separate occasions why a power of attorney is desirable if the client’s respective trust names a successor trustee or trustees to manage assets if he or she is unable to serve as the trustee. The question is valid. In fact, when I began...
Historically, corporations and limited partnerships were the preferred business models to operate a closely held business. Today, however, limited liability companies (LLCs) are being established in multiples compared to corporations and partnerships. LLCs can be...
Death is never easy. The days, weeks, and months following the loss of a loved one can be overwhelming. After you notify family members, and plan and complete the funeral arrangements and services, you then have to carry out your loved one’s final wishes by...