Most Florida residents know about the homestead exemption, the state’s property tax benefit that reduces the assessed value of a primary residence. Fewer know about homestead portability. When you sell your current home and purchase a new primary residence in…
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Welcome back, Snowbirds! We are writing this blog at the tail end of November. Today’s midday temperature in New York is 38 degrees; in Chicago, 34; in Boston, 35. At our Palm Beach Gardens office, it’s a glorious, balmy 70…
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If you are a Florida resident, having a living trust as the cornerstone of your estate plan can offer many benefits. Among them are probate avoidance, privacy, possible tax advantages, and the ability to set conditions on your heirs’ inheritances….
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Multiple marriages, divorces, blended families: These are circumstances that can make it challenging to devise an estate plan that withstands potential claims from disgruntled relatives. And when it comes to marriages, divorces and blended families, few were more familiar with…
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Many Florida seniors who require nursing home care incorrectly assume they will not qualify for Florida Medicaid benefits because they do not initially appear to meet all the financial criteria. This post tells you about recent changes in those criteria,…
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Veterans and their families have access to several Florida tax exemptions for homestead property. One more is on the ballot this November: Florida Amendment 6 – Ad Valorem Tax Discount for Spouses of Certain Deceased Veterans Who Had Permanent, Combat-Related…
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Roger Ailes, the media mastermind behind Fox News, died May 17 after falling at his Palm Beach home. The medical examiner attributed his death to bleeding on the brain, exacerbated by the fact that Ailes suffered from hemophilia. He leaves…
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In my estate planning practice, I advise many clients who have been living together for a long time, sometimes for decades. They are committed to one another, take care of one another, and often refer to each other as spouses….
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Florida’s homestead property law, FL Statute 732.401, was amended effective October 1, 2010. If you are the sole owner of homestead property and wish to leave the home outright to your spouse, you may still do so. The law does NOT…
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