This correspondence is to provide you with notice that the Corporate Transparency Act (CTA) became effective on January 1, 2024 resulting in the Federal requirement for the Reporting of Beneficial Ownership effective January 1, 2024. You may be required to report certain information on your beneficial owners to the U.S. Department of the Treasury’s Financial […]
Someone owes you money. You’d like to collect that money. Unfortunately for you, that someone passed away. Now what? You don’t want to write it off, but how on earth do you collect money from someone who died? The answer: make a claim in the estate. Where to start? To make a claim in an […]
Never mix business and pleasure. Despite that adage, more often people transact business from home. But be careful! There is a delicate balance between income generation and residence with regard to homestead protections. After all, the homestead exemption applies only to the residence of the owner and the owner’s family. In the past, the general […]
Several years ago, a community of single-family homes was established in Southwest Florida. The community was small, arranged in a T-shaped pattern. A three-bedroom, two-bath home was one of the first houses built. Its back yard faced a pond, and the driveway opened onto the circle at the end of the street. A young couple purchased the home […]
A woman, diagnosed with end-stage cancer, sought to get her affairs in order. She owned her home, and she had children she wanted to provide for after her death. She decided to sell her home to provide some liquidity for her care while she was still living and to provide cash for her children after she passed. Toward […]
In general, your estate planning documents set forth how your assets will be distributed, whom you trust to act as your fiduciary, and what provisions you would like for your loved ones. In essence, they communicate to the world how you want decisions to be made when you are no longer able to make them […]
When people think of estate planning, they often think of the instrument that communicates their wishes after they pass away, like a Will or a Trust. But in addition to a Will and a Trust, an estate plan contains documents that help prevent and plan for a guardianship. What is guardianship and when is it […]
With the global pandemic of COVID-19 and government-ordered quarantines, day-to-day activities were turned upside down. Many businesses were temporarily closed, “social distancing” became the norm, and people were afraid of contact with others. Because of this, the ability to carry out regular activities was impacted, including the ability to execute legal documents that require a […]
Providing for your children, your two-legged children, is important. It is so important, that even if you never seem to get around to creating formal estate planning documents, the State of Florida has your back. The law assumes that parents who die intestate—without a valid will or trust—still want to provide for their children. Toward […]
When Sophronia Washington died, her Will was nowhere to be found.[1] She owned a tract of land in Alachua County with several children and grandchildren as heirs. One of her sons, Albert, was the sole beneficiary of the missing Will. What happens when a Will is missing? If a Will cannot be found when the […]