Tag: market-value
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Lady Bird Deed: A Special Estate Planning Tool in Florida
– Lady Bird Deeds allow grantors to retain control and authority over their property during their lifetime, including the ability to sell, mortgage, or revoke the deed without beneficiary permission. – The automatic transfer of property to designated beneficiaries upon the grantor’s death, without the need for probate, is a significant advantage of Lady Bird…
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“Understanding How Investment Property is Split in a Florida Divorce”
– Investment property in a divorce is a significant focal point in high-net-worth divorces. – The division of investment property in a divorce can be complex and requires expert assistance from a qualified divorce attorney. – Different investments carry varying levels of liquidity, risk, and potential for appreciation, which need to be evaluated comprehensively for…
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Ending Condos in Florida: What You Need to Know
1. Florida law has dedicated a section to the termination of condominiums, outlining procedures to protect the interests of those involved. 2. Condominiums may terminate due to economic waste or impossibility of continuing. 3. The most common reasons for termination are nearly uninhabitable conditions and the cost of repairs exceeding the property’s value, or a…
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“Important Papers for Applying to Medicaid in Florida”
The required documents for Medicaid eligibility in Florida include proof of identity, proof of citizenship or legal residency, proof of income, proof of assets, and documentation of medical condition or disability. It is important to note that the specific documents and requirements may vary based on the individual’s circumstances, and it is advisable to seek…
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Ending Condo Ownership in Florida: What You Need to Know
1. Two main scenarios lead to the termination of condominiums: a nearly uninhabitable condition or a developer’s offer to purchase the property for alternative development. 2. The Florida Condominium Act’s termination provisions were revised in 2007 to include the optional termination process, which eased the strict requirements for termination. 3. The optional termination process now…
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The Rules of Lis Pendens in Florida: What You Should and Shouldn’t Do
– A lis pendens is a notice of a pending lawsuit against real estate in Florida. – It provides notice to third parties that there is a lawsuit concerning the property. – A lis pendens also protects the plaintiff from any intervening liens on the property filed after the lis pendens. – Property owners may…
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Navigating Real Estate Disputes: A Student’s Guide
– The experiment resulted in high levels of enzyme activity. – The survey showed a clear preference for the new product. – The research indicated a correlation between exercise and improved cognitive function. – Failure to disclose defects in the property can lead to legal action if the purchaser learns of an undisclosed defect after…
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Florida’s New Law Gives Benefits to Local Businesses
– The Live Local Act, signed into law by Florida Gov. Ron DeSantis, allows for the development of multifamily rentals on certain zoned sites with affordable housing requirements. – The Act mandates that at least 40% of residential units in a proposed multifamily development must be affordable for individuals making up to 120% of the…
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Tax-Free Family Gifts: What High School Students Need to Know
– Planning for the future includes options for education funding, retirement planning, and estate planning. – Services offered by Baird include investment management, insurance planning, and liquidity solutions. – Market insights and wealth strategies are part of Baird’s insights and education offerings. – Baird leaders discuss integration with Hefren-Tillotson, investment in Minnesota, and the client-first…
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Florida Real Estate Market Report 2023: A Guide for High School Students
1. People who exercise regularly have better mental health. 2. Consuming too much sugar can negatively impact cognitive function. 3. Regular meditation improves sleep quality. 4. Drinking coffee can provide a short-term boost in cognitive function. 5. Exposure to nature can reduce stress levels. – Increased vacant land development transactions in central Florida, particularly in…
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Tax Implications for Business Owners Going Through Divorce
– Divorcing business owners can divide their assets, including business ownership interests, with their soon-to-be ex-spouse without federal income or gift tax consequences. – The spouse who receives the asset takes over its existing tax basis and holding period. – Tax-free transfers can occur before or at the time of the divorce, as well as…