Divorce is a challenging and emotional experience, especially when a child is involved. However, co-parenting is possible, allowing you to provide your child a stable and loving environment. Following these simple recommendations can help you navigate co-parenting...
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Year: 2023
Signs it’s time to update your estate plans in Florida
Creating an estate plan is important, whether you have significant assets or not. It generally makes your life and the lives of your loved ones easier, even years after you are gone. However, there are circumstances where failing to update your estate planning...
It’s vital to consider capital gains tax when getting divorced
If you own a home in Florida as a married couple, the federal government gives you a $500,000 capital gains tax exemption when you sell the residence. This tax exemption figure is twice the $250,000 allowed for single individuals. It can be crucial to consider the...
Estate planning for Florida singles
Statistics report that Florida had a 28.5 percent rate of single households in 2021. It’s unknown how many of those single people understand the importance of estate planning. However, estate planning isn’t just for married people. If you’re single, there are several...
Properly valuing your medical practice in a divorce
In Florida, unique challenges can arise when a physician goes through a divorce. One of the most critical aspects of the asset division process is an evaluation of the physician's medical practice. The value assigned to the practice can have far-reaching implications...
What to expect when buying a house in 2023
Whether you’re looking to buy or sell a home in Florida, you’ve probably realized how competitive the housing market is. There are a variety of reasons that people continue to choose the Sunshine State, leading to a large number of homebuyers constantly flooding the...
Fraudulent land deals are more common in Florida
Property buyers have been swindled out of hundreds of thousands of dollars in recent years by scammers who use counterfeit documents to sell undeveloped Florida land that they do not own. When questioned about the fraud, a U.S. Secret Service special agent said...
Opening up your probate bank account
Being tasked with handling an estate in Florida is a serious prospect. You can be exposed to several legal conditions that may be entirely new. One of them will be the task of opening a probate bank account. This is the money in the estate bank account that you can...
How taxes might impact your divorce
If you sell your Florida home for a profit, you may trigger a taxable event. However, this depends on a couple of factors such as whether you were married when the sale happened and how long you and your spouse owned it. Single filers who meet IRS criteria qualify for...
Understanding real estate errors and omissions insurance
Selling real estate in Florida can be risky even for the best agents because there are so many moving parts. Therefore, agents may want to take steps to protect themselves. One of those steps may be buying real estate errors and omissions insurance. Real estate errors...