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…
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…
Florida law has solid protective laws to guarantee that a decedent’s wife will receive her fair share of her husband’s estate. Whether the husband died without a will or wrote a will directing the transfer…
Under Florida law, the seller of a residential property must disclose any known facts that materially and adversely affect the property’s value being sold to the buyer. If a material or adverse aspect of the…
When the member of an LLC voluntarily leaves the business, the parties involved have time to discuss the terms of the withdrawal and the company’s subsequent steps. The unexpected death of a member results in…
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