Quick-read Summary (TLDR) Selling a business requires providing an extensive list of business sales documents for the due diligence process, where potential buyers and their advisors thoroughly inspect contracts and financial records before making an offer. Business owners who organize their documentation ahead of time typically pay lower advisory fees and achieve better valuations. Required…
HOAs vs POAs: There are many ways to manage a community’s amenities, resources, property values and aesthetics. In recent years, a growing number of Florida-based communities have turned to homeowner’s associations (HOAs) or condominium associations (COAs) to manage their communities. There are also, in some cases, Property Owners Associations (POAs) that have an influence in…
Knowledge and Experience South Florida Law is a firm with attorneys who are licensed to practice law in the State of Florida and who have extensive knowledge and experience in dealing with matters related to estate planning, elder law and business succession planning. Small Firm Attention to Detail We began as a boutique and still…
Being a commercial real estate investor can be extremely lucrative since commercial property leases tend to yield more for the property owner than residential leases of similarly-sized properties. In addition, commercial real estate leases also have longer durations with tenants staying in the property for much longer than the typical residential lease. Like residential real…
Quick-Read Summary A Generation-Skipping Trust (GST) is an estate planning tool designed for high-net-worth families to transfer wealth to beneficiaries at least 37½ years younger than the grantor, typically grandchildren, bypassing the grantor’s children. This “skipping” of a generation helps to avoid estate taxes that may otherwise be incurred by the immediate next generation. While…
Neighbors are not always neighborly. In fact, neighbor disputes over such issues as property boundaries, encroachments, noise, privacy, unkept yards and parking can easily boil over from mere misunderstandings to legal disputes. Issues with neighbors that escalate into legal conflicts can consume disproportionate amounts of time and money. They can especially make it difficult to…
Forming a 501(c)(3) is the most common method of registering a nonprofit corporation in the United States. 501(c)(3) nonprofits are eligible for federal and state tax exemptions and have been created for one or more of the following purposes: Religious advocacy or worship Charitable work Scientific research, discussion or recognition In support of the arts…
For Medicaid eligibility, there are a set number of activities that the program takes into consideration when determining whether to approve an applicants request for coverage. These are in addition to Medicaid means testing in which the program reviews assets and income to determine Medicaid eligibility. Activities of Daily Living (ADLs) for Medicaid Eligibility  …
Medicaid Planning – Florida Medicaid is the state and federal partnership that provides health coverage for selected categories of people, including the elderly, in Florida. Because having low income and virtually no assets is an eligibility requirement, one of the most complex areas of estate planning involves preparing someone with significant income and assets for…
The need for conflict resolution is in high demand in the homeowner’s association (HOA) space with 24% of all HOA owners cited in a CAI survey as saying that they have had a conflict with their HOA. HOA disputes often deal with residents and owners complaining of HOA harassment, negligence and generally unfair treatment. If…
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