One of the biggest questions surrounding Florida land trusts is whether or not you can put your own home in one. As we’ve covered before, land trusts provide an element of privacy and additional flexibility for those who are managing and transferring real estate. There are some who have questioned whether or not homesteads should be permitted inside of land trusts because of Florida’s homestead exemption. In this Read More
Does Florida Allow Land Trusts?
One of the most popular Google searches for real estate investors right now is Florida land trusts. There’s a lot of good information out there, including right on our blog page. Of course, it’d be a waste of time looking up Florida land trusts if the Sunshine State didn’t allow them, right? The simple answer to whether or not Florida allows land trusts is yes, the state absolutely allows you to set up land trusts. Read More
What Happens When A Business Partner Dies?
We don’t often focus on the negative, but it’s important to acknowledge that business partners dying is a very real possibility. Companies deal with this all the time, so you should have a plan in place to ensure this doesn’t become a time of panic. Before we get into what happens to the partner’s business interests, we want to acknowledge that it’s important to take time to mourn and heal. A business partner is Read More
Rent-to-Own Agreements 101
Your real estate investments should always be covered by contracts that ensure all parties with an interest in those properties understand the terms and conditions. Ultimately, confusion is one of the biggest causes of lawsuits down the road. If the two parties aren’t on the same page then they may go into an agreement and live out an agreement with different intentions and different expectations. This can be Read More
Differences Between a Land Trust and a Living Trust
We’ve covered a lot of ground in recent posts, focusing on important tools you can use to protect your real estate investments. A land trust can be a great option if you want to maintain control over property and transfer ownership of your property without exposing that information to the public. We help clients set these up and understand there’s often confusion between the many different types of trusts. Estate Read More
The Role of a Business Attorney in Estate Planning
Attorneys from all different practice areas went through law school to get where they are today. It’s no wonder everybody that knows or works with an attorney thinks they can slip in questions about unrelated practices whenever they get the chance. But, we’re here to tell you something we wish everybody knew: not every attorney has answers to every single legal matter. Attorneys specialize in certain practices for a Read More
Why Your Florida LLC Needs An Operating Agreement
Putting together a successful Florida real estate portfolio can not only set you up for life, but it can build generational wealth for your family. Right now, real estate in Florida remains the hottest market in the country making for some serious competition among investors. The quickest and surest way to fall behind the competition is disorganization and miscommunication among members or partners in your LLC. We Read More
Your Florida Real Estate Portfolio Needs Structure
Let’s face it – we all take the easy way out from time to time. Sometimes the easy way is the right way and other times it’s just more convenient for our lives at that moment. When it comes to your business, however, it’s imperative to take whatever avenue that best protects your assets and preserves future growth. Real estate presents incredible opportunities to make a living, especially in the Sunshine State. Read More
Using A Business Power Of Attorney For Succession Planning
This month we’ve put a lot of focus on Florida business succession planning. We’ve heard from clients who have found out the hard way what gaps in a business succession plan can do for themselves, their businesses, and their heirs. While a written Operating Agreement can be a great tool to secure your plan, there are other avenues you can take, as well. A business Power of Attorney (POA) can take care of many Read More
Operating Agreements Should Fill Gaps In Business Succession Planning
In our most recent blog, we touched on the importance of ensuring your business has a thorough business succession plan in place. We went over the nightmare scenario of failing to secure your business succession plan and how it can leave your heirs or trustees to either pay business expenses out of pocket while the process plays out or make the tough choice to shutter the business altogether. One of the most secure Read More