Pros and Cons of Quitclaim Deeds
Quitclaim deeds are legal documents that property owners use to transfer property to someone else. However, unlike with a typical warranty deed in which the seller guarantees they legally own the property and the property is free and clear of all liens, there are no guarantees with quitclaim deeds. The grantor...
Key Terms in Real Estate Contracts
Real estate is one of the most valuable investments you can make, which is why it is required that contracts concerning real estate be put in writing. However, the terms used in these contracts can be confusing. Additionally, certain terms are required to be included in Florida real estate contracts.
How to Handle Real Estate in a Florida Probate Case
Real estate is often one of the most highly valued and complex assets that may has to be administered during the probate process. Understanding Florida’s intricate rules surrounding real estate and probate is essential to properly probating real property in Florida. Here is what you need to know about handling real...
Is a Lawyer Required When Investing in Florida Real Estate?
Florida’s real estate market continues to be one of the hottest in the country. In fact, the Sunshine State had three cities on this list of top ten real estate markets last year.
This influx of jobs, people and growth in Florida has many people asking whether they...
How to Transfer a Florida Homestead Property During Probate
A Florida homestead property (i.e., your primary residence) is considered a non-probate asset because the Florida constitution controls how homestead property is distributed. However, in order to convey clear title to a buyer or to refinance the property, Florida homestead must go through the probate process if the sole owner on...
Which Assets Go Through Probate?
Probate can be a long and expensive process, but some of the factors that determine how long probate will take in Florida are the type and amount of assets that your loved one left behind. Estates that have limited assets may qualify for summary administration, a less expensive and faster...
What is the Best Way to Transfer Florida Property to Your LLC or Corporation?
Individuals seeking to transfer their Florida property to their limited liability company (LLC) or corporation have a few options. The one that works best for you will depend on your current situation and goals. Owning real estate in a properly formed and maintained LLC or corporation is preferable for many people because...
What Life Estate Holders and Remaindermen Need to Know About Homestead Property in Florida
Homestead property in Florida is treated differently than most other real estate once the owner passes away. If your loved one has recently passed away and probate is in your future, you will likely need to know what the terms associated with a homestead property mean. Life tenants, remaindermen, life estate...
How Long Does Probate Take in Florida?
Two-thirds of Americans do not have a Last Will and Testament. When they pass on, they are legally said to die “intestate”. Dying intestate may complicate the probate process, which can already take up to a few months for a Summary Administration (the shortened form of probate in Florida)...
Intestate Succession in Florida – What Do I Need to Know?
If you have questions about intestate succession in Florida, you came to the right place. The term “intestate succession” refers to the process of distributing the assets owned by an individual who has passed away without a valid Last Will & Testament.
In Florida, when someone dies without a...