Buying or selling a home can be an exciting but challenging process. Real estate closings, where ownership transfers from the seller to the buyer, often come with their share of issues. Understanding and addressing these common concerns can help make the closing...
Protecting
Your Legacy
Florida Legal Blog
Month: November 2021
Reasons to create an estate plan and avoid probate
Probate might sound like a big, fancy legal term, but it is something you might want to consider avoiding. After you read the information provided below, you will see why and along with your attorney, make an education decision. What is probate? First of all, probate...
5 common estate planning mistakes to avoid
Estate planning plays an important role in ensuring the proper distribution of your assets after you pass away. However, many individuals make avoidable errors that can jeopardize their intentions and create unnecessary complications for their loved ones. By...
Figuring the payment for the personal representative
When it comes to probate proceedings in the state of Florida, the personal representative has a right to fair compensation. This is a payment for the time and effort required to manage the deceased's estate. Determining this compensation can happen in a few ways,...
Protecting the elderly from scams and fraud
In 2022, the Federal Bureau of Investigation Internet Crime Complaint Center received 88,262 fraud reports from people 60 and older. This number is higher than it is for other demographics because the elderly are especially vulnerable to scams. Caretakers can take...
Using a like-kind exchange to acquire property
Real estate transactions can be costly, so you might hesitate to look for a new property unless you are sure you can obtain it without depleting your financial resources. Fortunately, the U.S. tax code can make things easier through a like-kind exchange. Through...
5 estate planning tips for adult and minor children
Many people, especially those in second or third marriages, may have a mix of adult children and children younger than 18 years old. Estate planning is an important aspect of managing one's assets and ensuring a smooth transfer of wealth to the next generation. When...
What happens to your cryptocurrency when you die?
In the fast-evolving world of cryptocurrency, it is important to consider the fate of your digital assets when you pass away. Unlike traditional holdings, cryptocurrencies lack a central authority to manage inheritance. Understanding what happens to your...
4 frequent misunderstandings about estate planning
Many people harbor misunderstandings about estate planning. It is no wonder why, as few spend their days familiarizing themselves with the topic's minutiae. Enlightenment begins with dispelling some frequent misconceptions. A fuller understanding of the topic will...
Understanding the role of your executor
The executor of your estate shoulders a significant burden in ensuring the transition of your assets and the settlement of your financial affairs. That makes your choice of executor an important one. As you weigh your options, it might help you to understand the...