What Is a Florida Lady Bird Deed?
A lady bird deed is a special type of deed used to avoid probate. With a lady bird deed, you give yourself an enhanced life estate, which lets you control the property during your lifetime….
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A lady bird deed is a special type of deed used to avoid probate. With a lady bird deed, you give yourself an enhanced life estate, which lets you control the property during your lifetime….
What Is a Bulletproof Trust? Is there such a thing as a perfect, bulletproof trust? Or is the term merely an exaggeration to market expensive trust plans that do not accomplish what the promoters promise?…
If you are at fault in a car accident in Florida, you must contact your insurance provider to report the incident and discuss your coverage options. You should also evaluate your financial exposure and explore…
Creditors use various strategies to collect a judgment in Florida, focusing on the debtor’s assets and income sources. Here are the main ways a creditor can collect a judgment in Florida: Wage Garnishment This involves…
Will vs. Trust The main difference between a will and a trust in Florida is how they handle the distribution and management of your assets. A will becomes effective only after you die, while a…
An S corporation (S Corp) is a type of corporation that meets specific Internal Revenue Code requirements, offering the benefits of pass-through taxation to its shareholders. This means profits and losses can be passed through…
Florida living trusts are legal arrangements where a person’s assets are managed by a trustee for their benefit during their life and then transferred to beneficiaries after death. Income generated by the assets in the…
A living trust does not completely avoid estate taxes, but it can help reduce them. Assets in a living trust are still considered part of your estate for tax purposes. Certain types of trusts can…
What Is a Joint Living Trust? A joint living trust is a trust agreement that incorporates the testamentary wishes of both spouses in a single document. The joint living trust agreement provides terms and conditions for…
A living trust does not protect your assets from a lawsuit. A living trust is a “self-settled” trust, which means the person who creates and funds the trust is also a trust beneficiary. Florida law states that…