Experts say there are common mistakes to avoid when buying a used car (for instance, don’t shop at just one dealership), a home (buying more house than you can afford) and a business (buying a company that isn’t suited to your skill set).
Most of us understand that a will or trust can determine where your physical property goes when you die. With those estate planning tools, you can decide how assets such as a house, vehicles, furnishings, a vacation home, a business and much more will be divided and distributed after you pass on.
We have a couple of fine institutions of higher learning here in Brevard County: Eastern Florida State College and Florida Institute of Technology. While both schools will be welcoming new students after the summer ends, a lot of families will opt to send their students outside of the county or even outside of Florida.
Florida Gov. Ron DeSantis recently signed a 78-page bill that allows for remote notarization and witnessing of legal documents. While many in the real estate world are excited about this advance that will likely making closings easier to arrange, the new law also brings changes to the world of estate planning.
Some jobs simply call for expertise: complex plumbing repairs, baking a wedding cake and surgery. In all three cases, the odds are with the person who hires an expert to ensure that the pipes, cake or stitches are as functional and beautiful as possible.
There are some myths that simply will not die. Even today there are people who believe that the Earth is flat, George Washington chopped down a cherry tree and that Columbus discovered America. Estate planning is, unfortunately, not immune from its own myths and legends.
Let’s say you have recently relocated to Brevard County. You’ve left behind the snow and the sleet of your former home up north and you’re looking forward to enjoying your days of sunshine and sand in your new home here in Florida.
Many of our regular Brevard County readers are also readers of the Orlando Sentinel. The newspaper recently ran a short advice column on how Florida residents can pass real estate on to their heirs.
Spring break has come and gone for most Florida college students. But another annual rite is upon those who wish to become Florida college students: opening the letters of acceptance (or rejection) for high school seniors.
As a parent, you likely love all your children equally and want that to be reflected in their inheritances. After all, one of the biggest fears that most people have when estate planning is unintentionally creating family conflict. Passing along assets in unequal measure can seem like favoritism, which can stir resentment.