Mistakes to Avoid When Selling Your Business
Monday, December 05
Baby boomers are the most entrepreneurial generation, with much of their personal wealth tied up in the businesses they own. This makes it more important than ever for boomers to undertake some business estate planning for when it’s time to transition into retirement.Experts caution business owne...
Florida Ancillary Probate for Out-of-State Property Owners
Thursday, December 01
When someone who owns real property in Florida but lives somewhere else passes away, the process of transferring ownership of that property is known as ancillary administration. Ancillary administration is also necessary when a Florida resident dies leaving property in another state.Florida law r...
Can You Make a Claim for Defects Discovered After Closing?
Wednesday, November 30
There are few things more frustrating than moving into your new house and then discovering defects you felt you should have caught before closing, or that the previous owner or builder should have disclosed to you.Under Florida law, a seller must disclose any defects in the home to the buyer prio...
IRS Issues Changes to FIRPTA Filings Withholding Rules
Tuesday, November 29
When selling U.S. real estate, property owners who are foreign nationals or entities must adhere to certain rules under the Foreign Investment in Real Property Act (“FIRPTA”). The IRS withholding rules under FIRPTA have changed as of February 16, 2016:Withholding RatesThe withholding rate for the...
Rights of a Surviving Spouse in Florida Probate
Sunday, November 27
While Florida is not a community property state when it comes to determining the division of assets in a divorce, Florida does recognize the community property rights of a surviving spouse when property is acquired during the marriage.Under Florida law, anything owned by either spouse prior to ma...
Know Your Legal Rights When Buying a New Home from a Developer
Saturday, November 26
Residential construction is booming again in Florida, with new housing starts up almost 20% in 2016, according to HBWeekly.com. When you buy a new home from a developer, Florida law mandates that it must be habitable and fit for its intended purpose. In legal terms, this is known as an “implied w...