Even with a carefully written will, it is almost impossible to account for everything you own – especially since you will continue to acquire more assets over time. This is when a residuary clause comes in handy. Essentially, a residuary clause in a will accounts for...
For many people, real property holdings are their most valuable assets. The value of a home or investment property could be worth several years of their salary, and they may invest a good portion of their income every month toward the mortgage. The financial value...
A personal representative who oversees the probate process on behalf of someone's estate must effectively honor numerous responsibilities. One of the most important obligations that an estate administrator needs to manage involves communication with creditors. An...
As a contractor or owner of a construction company in Florida, you are likely aware of the risks of facing construction defect claims. Not all defects are the same and it is critical to understand the different kinds of defects in order to better understand what you...
Probate is the process of distributing someone’s assets after they pass away. The probate court will verify the will of the deceased individual, before overseeing the distribution of their assets. These assets can include a number of items, including bank accounts....
As a landlord of commercial property, maintaining commercial tenants who pay their rent in a timely manner and abide by the terms of their lease is critical to your livelihood. Unfortunately, not all tenants will be “good” ones. In some cases, you may find yourself...
While being named the personal representative of someone’s estate in Florida is an honor, it comes with a lot of responsibilities. Something many do not know until assuming the role of personal representative is the need to purchase a probate bond, as well as what...
As a Florida contractor, you know that any number of things can derail a construction project. Natural events like a sinkhole opening up or a hurricane ravaging an entire neighborhood are among them. However, so can unexpected events or occurrences like labor strikes,...
If you’re the personal representative (commonly known as executor) of a loved one’s estate, you are fortunate if they did some sound estate planning to ease the probate process or avoid it altogether. Putting larger assets in a living trust, for example, prevents them...
If you have a construction project, you need to be extra careful with payments. This is because any person who works on your property or provides materials and services and is not paid in full can claim compensation from the property. They can enforce a claim for...