When Does It Pay to Wait to Probate

In Florida, as in many other states, you can begin a probate for a deceased relative or friend as soon as the person passes away. Often, there are sound reasons for starting the probate as soon as several days or weeks. But sometimes, it is smarter to wait.

Starting early means the estate can begin the process of inventorying assets and putting up the person’s house for sale. And because probate can take months or longer, the sooner it is started, the quicker the heirs can get their inheritance. Read more

Estate Tax

Should You Worry about the Estate Tax?

The estate tax currently affects only a tiny fraction of people in Florida. But even if you’re in its bullseye, there are ways to limit its effect

People who hate it call it the death tax. People who want to see it increase label it the Paris Hilton tax. But despite the intense passions, the estate tax actually plays a role in only a very tiny sliver of Florida probates.

Also called an inheritance tax, the estate tax is a levy on the transfer of a taxable estate from a deceased person to their heirs. It was created by federal law. Read more

Toxic Mold

The Home You’re Buying or Selling Developed Toxic Mold. Now What?

Your South Florida home is on the market and the contract is signed. Or perhaps you’ve found your dream house and can’t wait to close. Then mold is discovered to have invaded the home.

Probably nothing creates terror in a home on the real estate market as the sight of mold.

 While this living fungus can indeed contaminate a home and make its residents feel sick, discovering mold does not have to kill your deal—or your dream home. On the flip side, buyers can protect themselves from being stuck with a house that is severely infested with mold by taking one easy step. Read more