An escrow occurs when property is held by a third party until the occurrence of a predetermined event, at which time the third party delivers the property as instructed by the parties to the transaction. Thus, an escrow agent is the intermediary third-party depositary assisting the parties to the transaction. Escrows are used to ensure that the parties to the underlying transaction act as agreed upon.
Saving money on taxes is a great incentive to consider leasing your assets to a corporation. It is common for shareholders of corporations to lease real estate, equipment, and other property, such as vehicles, to the corporation, either directly or indirectly.
If you believe foreclosure is imminent and need assistance moving forward, please do not hesitate to contact one of our knowledgeable attorneys at EPGD Business Law.
One of the ways to win a foreclosure fight is by attacking the validity of the mortgage. There are multiple ways to do this, including but not limited to, using defenses such as fraud, standing to sue, and proving the statute of limitations.
The primary probate proceeding is usually held in the decedent’s state of residence or home state. However, a state probate court only has authority over property in its own jurisdiction; it does not have the power to issue orders for property that is located in another state. Therefore, an additional probate proceeding becomes necessary.
Traditionally, estate planners have split tenancies by the entirety in order to fund separate trusts for both spouses, with the aim of maximizing estate tax exemptions.
In Miami-Dade County, the 2020 Homestead Exemption applications and Portability applications are due on March 2nd. Read our blog below to find out how to apply!
Imagine being a homeowner in Florida, selling your home and not buying a new home until three years later. Did you know that you were most likely receiving property tax savings at your old property? And better yet, you could have transferred some or all of those savings to your new property if you had just filed a homestead portability application within two years.
In Florida, JTWROS means that the full title to property goes to the owner that survives. The “survivor” of the joint owner automatically owns 100% of the asset when the other joint owner passes away.
Foreclosure is a lengthy and expensive process that your lender may also be trying to avoid. Your lender may be calling regarding the following alternatives to foreclosure.
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This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business
