Estate planning involves a lot of different relationships and documents, all carefully chosen to ensure that you and your beneficiaries receive the maximum amount of benefits with the least amount of hassle and tax liability. One of these types of legal relationships is called a trust. What exactly is a trust, and should you ask your estates and trusts attorney in Miami, FL to set one up for you? Read on to learn more. How a trust works A trust is a relationship between at least three people: first, the trustor, who wants to give property or money to a... View Article
As COVID-19 spreads across the world, mortality is on many people’s minds—and so should the important task of estate planning in Miami, FL. No one wants to consider the inevitability of death, but as unpleasant as it may be, setting up your estate is a kindness to those who survive you. After all, there are certainly people who will grieve your passing, and the last thing they’ll want to have to do is determine how to handle your affairs on their own. Why now is a good time to plan your estate There’s never a bad time to create an... View Article
If you have a business, the type of business it is offers certain legal protections, tax benefits and other advantages. Choosing the right type among the various business entities in Miami, FL can offer you significant benefits, depending on your goals. Anyone can start a business as a sole proprietor, but for certain types of business entities, you’ll need to register with a state agency, usually the Secretary of State. Business entities don’t need to have a bunch of employees, either—if you’re worried that your company is too small to be a corporation, you might be surprised to learn that... View Article
You finally get to build your dream home in Florida! Or perhaps you are an independent contractor who was just hired to build a home for a client. No matter which side of this equation you are on, it is important to understand construction lien laws in Miami, FL. Here is an overview of construction liens and their role in home building. Lien documents A “lien” is an encumbrance against a piece of property. It is recorded in the assessor’s office along with mortgages, taxes and anything else that counts against the property value. Depending on its nature, it may... View Article
If you are considering a home purchase in Florida in the future, it is important to know how to protect yourself as the buyer. Buying a home will likely be the largest investment you will make in your life, and there are numerous things that can go wrong. Fortunately, legitimate home purchase transactions should contain the same elements, and if something is missing, it is likely time to contact a real estate lawyer in Miami, FL. Here are five elements involved with Florida home purchases: Purchase and sale agreement: This is the first document provided to the prospective buyer. It... View Article
