Author: Elf
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How can I legally avoid paying child support in Florida?
First, all child support in Florida must be calculated according the child support guidelines. So to legally avoid paying child support, you need to manipulate the factors used in the calculation in order to produce a child support amount that is as close as possible to zero. In my experience, judges will allow you to…
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What is the process of estate distribution after someone passes away, and what are the advantages of avoiding this process?
After the demise of an individual, the legal procedure known as probate comes into play to allocate assets and settle debts. The court will assess the assets, pay off any outstanding debts using the estate’s resources, and distribute the remaining assets to the heirs according to the instructions laid out in their Will, provided there…
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What is the significance of estate planning and why is it crucial?
What does the term estate planning mean? Estate Planning is a procedure of preparing for the unexpected in life. Without even realizing it, you have likely engaged in the Estate Planning process most of your adult life ? for example, obtaining a life insurance policy, naming beneficiaries on your retirement plan, or when you are…
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What is the “Closing”?
The closing is a final meeting of all the parties involved in the real estate transaction. Attorneys for Party A, Party B, and Party C convene with sellers and buyers to sign and officially transfer title to the buyers. A representative of the title insurance company will also be present to facilitate the transfer of…
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What is a quitclaim deed?
A quitclaim deed transfers or “releases” to the individual obtaining the property whatever current interest the grantor has in that property. Unlike a grant deed, a quitclaim deed carries no explicit or implicit promises or assurances. Hence, if the grantor has no interest in the property, a quitclaim deed conveys nothing.
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What tax advantage do I receive from owning real estate?
Mortgage interest deduction: The main benefit of owning real estate comes from the ability to deduct the interest on a home mortgage or a home equity loan. To be eligible for this income tax deduction, the loan must be for your primary residence or a vacation home that is not rented out to others. The…
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What is the purpose of “recording” a document?
When you acquire tangible assets, you receive a written document known as “the official document” which transfers the ownership of the assets from the buyer to you as the purchaser. The official document grants you legal rights in exchange usually for a specified sum of money. The transfer of interest in tangible assets is not…
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What distinguishes a cooperative from a condominium?
In a “condo” arrangement, individuals possess legal ownership over a specific unit within a multi-unit building structure. They additionally hold a stake and the right to utilize shared spaces like hallways, elevators, gardens, swimming pools, and a club house within the same structure. These individuals are required to make monthly payments to an “association” to…
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What happens if the house is sold for more than I owe in the foreclosure proceeding?
In the event there is money left over from the sale of your home after the foreclosure and all expenses related to the foreclosure are paid off, the clerk will hold the surplus amount for a specific amount of time. You have 60 days after the sale to file a claim for the surplus.
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How will a home repossession impact my credit score?
A home repossession will significantly damage your credit score. A Repossession Decree & Sale typically has a negative impact on your credit for a duration of seven (7) years.
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How much time does a usual foreclosure process require?
Without appropriate legal counsel, a typical foreclosure can span approximately 4-6 months.
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How long do I have to respond if I have been served with a foreclosure summons?
Many individuals believe that they have been served with a foreclosure case, but that is not accurate. According to the legislation in Florida, a person needs to physically approach you, hand over the foreclosure complaint or summons, and inform you that you have 20 days to reply. They can serve you, your partner, or another…
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How can Collaborative Divorce assist individuals in navigating intricate financial arrangements, such as investments and pensions?
Collaborative Divorce offers the opportunity to engage neutral financial professionals known as Allied Experts. These professionals can provide invaluable guidance in comprehending, appraising, and considering options for dividing intricate assets while taking into account long-term financial stability, retirement, and estate planning objectives. It may be beneficial for both parties to examine beneficiary designations under life…
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What if my partner doesn’t want to disclose financial information in Consensus Divorce?
Consensus Divorce places great importance on complete financial disclosure. Couples make a commitment to openly and honestly share their financial information. Impartial financial experts are involved to ensure that accurate information is shared transparently. This can alleviate concerns and ensure that both parties have the correct information to make informed decisions. The Consensus team can…
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How can the Cooperative Separation method assist me in preserving financial confidentiality?
The Cooperative Separation method guarantees the protection of financial privacy, allowing for discreet negotiations concerning property and support matters. You can ensure that sensitive financial information remains confidential, facilitating confidential discussions about property division and support negotiations while avoiding the need for public disclosure through court litigation, which is often associated with public scrutiny. The…
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How can a Cooperative Separation safeguard my business interests?
Cooperative Separation values innovative, adaptable solutions. In Cooperative Separation, you and your spouse can collaborate on an agreement that takes into account the worth of your business and its future expansion, ensuring a fair distribution of assets.
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How can I ensure flexible parenting arrangements for my kids through Out-of-Court Resolution?
Out-of-Court Resolution allows you to create adaptable parenting plans that suit your children’s evolving needs as they grow. Out-of-Court Resolution lets you create a parenting plan that adjusts to your children’s needs as they mature, accommodates expected school schedules, plans for extracurricular activities, and is flexible for evolving preferences.
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How can I protect my children’s well-being through Collaborative Divorce?
Collaborative Divorce focuses on tailored parenting plans that address your children’s development and needs while reducing stress and conflict. Working with a neutral mental health professional, you and your former spouse can create a child-centered parenting plan that ensures your children’s stability, detailing visitation schedules, educational decisions, and co-parenting strategies. Your tailored parenting plan can…
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Where can I go for more information about getting a divorce through the collaborative process?
Why do individuals opt for the Collaborative Divorce process? Individuals who opt for Collaborative Divorce desire to determine how they will resolve their family matters. Many couples’ lives remain intertwined even after separation, particularly when they share minor children. People choose Collaborative Divorce in order to: – Establish flexible long-term parenting plans that can adapt…
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How long does Cooperative Separation take to complete?
In a Cooperative Separation, the clients and each legal representative sign a binding collaborative participation agreement. Under this agreement, the legal representatives are prohibited from participating in contested court proceedings on behalf of the clients. This means that everyone focuses on resolving the matter and no one considers litigation as an option. This commitment to…
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What sets Collaborative Divorce apart from mediation?
What are the advantages of opting for a Collaborative Divorce? What is the concept of collaborative law? What is a mutually agreed divorce? Collaborative Divorce is a alternative available to individuals seeking to settle their divorce outside the courtroom. Both parties retain legal representation. The spouses then enter into a participation agreement under collaborative law.…
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What is a dispute that falls under Florida collaborative family law?
A Florida collaborative family matter is a disagreement, a deal, a demand, a complication, or a concern that needs to be resolved. The matter is outlined in a participation agreement for collaborative law and stems from chapter 61 or chapter 742 of the Florida Statutes. Collaborative family law matters encompass union, separation, distribution of marital…
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How can I locate the appropriate attorney who specializes in elder and special needs law?
How should I get ready for a consultation with an Elder Law Attorney? If you schedule an appointment with a legal practice, it’s important to have a few things prepared prior to your appointment. Along with filling out an intake form, you should identify areas where you believe you require assistance or guidance. If you…
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What are the types of lease terms for commercial properties?
Common types are gross, net, single net, double net, triple net, and percentage leases.