The term “statute of limitations” refers to the deadline within which a person or entity can file a lawsuit for a specific reason. If the plaintiff fails to file the lawsuit within the statutory deadline,…
When an individual or entity wins a money judgment against a Florida resident, the plaintiff can record a lien against the defendant’s property. How long can a judgment be enforced against property in Florida? Read…
One of the advantages of forming a limited liability company (LLC) is the flexibility of this business structure. In Florida, you can either form an LLC with a sole member or multiple members. What happens…
Different business structures allow shareholders to enjoy limited liability, which results in no personal liability for the company’s debts. In this article, you will discover whether creditors can pierce the corporate veil of a limited…
A trust is a legal arrangement in which the trust maker (referred to as “trustor” or “settlor”) transfers the ownership of assets to a trustee (fiduciary). The trustee holds nominal ownership of the assets on…
Under the Florida Probate Code, a decedent’s estate subject to probate is responsible for paying any remaining creditors’ claims after that person’s death. If none of the decedent’s loved ones file in court to open…
The Sunshine State is one of the hottest real estate markets in the country. To protect prospective buyers, Florida law requires sellers to disclose any issues that affect the value of the home materially or…
It is common to find Florida residents who use the last will or a trust to convey real estate upon death. While both solutions work for different purposes, it is possible to bequeath property upon…
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