What Is the Difference Between Summary Administration and Formal Administration in Florida?
Deciding between summary administration and formal administration in Florida can be a difficult decision. Many factors come into play, including the value of the deceased’s estate, the type of assets that need to go through probate, the number of heirs, possible creditor issues, and whether the estate may be a party...
What Happens When You Die Without A Will In Florida?
Florida has a higher-than-average population of people over the age of 65. This demographic makes up approximately 21% as of the 2020 census. As such, there tends to be a higher-than-average focus on estate planning and end-of-life rituals. However, many people do pass away without making provisions for the distribution of...
5 Key Facts About The Florida “As-Is” Contract
The Florida Realtors and Florida Bar have created two standard types of contracts that are commonly used for purchasing residential real estate in Florida. They are:
The FR/BAR “Standard” Contract The FR/BAR “As-Is” ContractOne might...
Selling Real Estate During the Florida Probate Process
Losing a loved one can bring many challenges, including the need to distribute their assets. In Florida, this court process is referred to as probate. Two options for probate exist in the state, summary administration and formal administration. Which one is most appropriate often depends on the size and complexity...
What Are The Ways To Take Title To Real Estate In Florida
Florida's population continues to grow, as does purchase activity in its local real estate markets. Whether you are looking to invest in Florida real estate or purchase a first home, properly researching the ins and outs of the process is crucial. With a thriving real estate market, it's essential to understand...
The Importance of Having a Real Estate Attorney at Your Closing
Buying or selling a home may be the largest financial transaction you engage in your lifetime. Even if it isn’t, the purchase or sale of real estate is invariably a complex transaction, and it’s critical to take steps to ensure that your legal rights are protected and that you understand the terms...
Estoppels in Florida Real Estate
Purchasing a home or other real property is no simple task. It is common for even experienced homebuyers or property investors to run into difficulties when faced with the many steps, requirements, and legal documents necessary to complete a purchase. Building codes, inspections, titles, and legal jargon can be overwhelming without extensive...
Ancillary Probate Administration For Non-Residents of Florida
Florida law has specific probate rules for the estate of a non-resident who dies with assets in Florida. That is why it is crucial to know where the decedent resided at the time of death and whether he or she possessed assets in Florida. Take a moment to learn how probate...
Does Florida Require Legal Representation for Real Estate Closings?
Homebuying and selling is a contractual process that can often be legally complex. It also generally involves numerous parties and large amounts of money. This sounds like a scenario that would require assistance from a real estate attorney who knows the ins and outs of Florida law. However, Florida law does...
How is Real Estate Transferred or Sold During the Florida Probate Process?
The grief process looks different for everyone, but no one wants to deal with the complicated legal or real estate process while they’re also dealing with the death of a loved one. It may be impossible to prepare for the complex and challenging emotions you’ll face but knowing what to expect from...