The value of residential real estate in Florida has greatly improved since the housing bust during the recession. For quite awhile, buyers were getting great deals, between low interest rates and low housing prices. This, however, is beginning to change. The value of residential property is increasing, and as a result, the number of interested buyers is decreasing.
Those who are charged with closing out an estate in Florida -- for a loved one, friend, client or acquaintance -- have, in a manner of speaking, a lot on their plates. In this process, there are quite a few questions that are likely to come to mind that will need answering before the distribution of an estate can begin. One such question may involve what kind of time frame is there for filing creditor claims against the estate.
When in need of commercial space in Florida or elsewhere, leasing such property can be a great option for a person who is not ready or wanting to buy. Before jumping in, though, it is important to carefully review and negotiate the terms of a commercial property lease. An experienced real estate attorney can help with this matter.
When an older person changes his or her estate plan to partially or totally disinherit someone, there is a good chance that the move will lead to a court challenge. This is especially true if millions of dollars are at stake.
Many people believe that their estate plan is good enough, because their estates are fairly modest and they are leaving everything to just a few beneficiaries. But a well-intentioned estate plan can contain serious errors, especially if the testator put it together without the help of an attorney.
We have spoken before about how powers of attorney can allow loved ones to care for people who have been mentally incapacitated by illness or injury. Another form of power of attorney empowers a person to handle the incapacitated person’s financial affairs; it is also possible to have power of attorney over both the person’s finances and medical decisions.