Understanding the “Tax-Free” 1031 Exchange
Saturday, November 05
Section 1031 of the Internal Revenue Code allows you to defer paying taxes on any gain realized on the sale of investment property if you reinvest those proceeds back into a new property. This is called a “1031 exchange” — although it really acts more like a rollover than an exchange.Since a 103...
The Differences Between a Home Warranty and Home Insurance
Friday, November 04
Whether you own a home or are about to become a first-time homeowner, you may be wondering about the differences between a home warranty and home insurance. Both provide important protections, but there are real differences between them.Home InsuranceHomeowner’s insurance protects both the home a...
Avoid These 5 Common Home Selling Mistakes
Thursday, November 03
Hiring the first realtor you meet. You want to be sure the realtor you select to sell your home knows the market, the neighborhood and has experience selling a home like yours. You want a realtor who will be honest with you, even though it may be hard to hear that the price you want to sell your ...
What Assets Do and Don’t Have to Go Through Florida Probate
Sunday, October 30
Florida probate will generally be necessary when a decedent: Owned real property held solely in their name or as tenants in common;Owned a life insurance policy in which no beneficiary was named, where the named beneficiary has already died or the estate is named as beneficiary;Owned an IRA or ot...
The Importance of Choosing the Right Business Entity
Friday, October 28
This is a crucial decision because it has far-reaching legal and tax consequences. So you must have a vision for your company for the long term as you decide which entity to use.Some advisors will suggest that your business be a sole proprietorship, which is fine if you’re the only owner and plan...
Legal Considerations for Starting a New Business
Thursday, October 27
Many of the initial decisions that need to be made can have long-lasting consequences, so you want to get it right the first time! Below are a few tips to consider when launching your business that will help ensure it has a successful start:Legal StructureHow you legally structure your business i...