Building Lasting Relationships.
Riddell Law Group Blog
In a condo, who is responsible for what kinds of damage?
If you own a condominium unit, you’re engaged in a type of shared ownership when it comes to the rest of the building. By definition, the owner or owners of a condominium unit have a shared, undivided interest in the common areas of the building. In other words, your...
Tips for preparing a home for showing
The Florida real estate market has its unique challenges, both economically and due to the large number of people purchasing second homes while living elsewhere. Like anywhere, the market has its ups and downs, but regardless of whether it is a sellers’ market or...
The benefits of revocable trusts
There are several different tools that can be a part of an effective estate plan. While a revocable trust is not at the very top of the estate planning list, it can be extremely useful for certain families. Also known as a living trust, these trusts are known for...
Celebrity estate planning mistakes and what they’ve taught us
Whenever a celebrity passes away, settling the estate can be a complex process. But when they fail to plan for their death by creating a will, trust or estate plan, the consequences for their family and other beneficiaries can be severe. A drawn-out probate process...
What due diligence do you need to perform for a commercial lease?
If your organization is considering leasing new space, you need to do some due diligence. Naturally, need to nail down the essential terms: How much the rent will be, the term of the lease and what renewal rights you have. You need to know what changes you can make to...
Thinking about becoming a short-term rental host?
Do you have a spacious pool house that would be perfect for a vacation getaway? Perhaps you have thought of listing it on HomeAway or Airbnb to get some income from your real estate investment. Rather than being a passive way to make money, renting property on a...
The importance of a proper appraisal for your estate
Estate planning has several complicated steps. Completing all of them correctly is crucial to making a legally enforceable estate plan. One step that you should not neglect is evaluating your assets. You should conduct a proper, legally sound appraisal. Failing to do...
What are the benefits of a power of attorney in your estate plan?
There are multiple power of attorney options that leverage authority over your assets in varying ways. Here are a variety of power of attorney types and some of the ways that each one can be a useful element in your overall estate plan. One benefit common to all types...
Why You May Want To Update Your Out Of State Will
Like many retirees that make Florida their primary residence, you may have a will and even a comprehensive estate plan that was drafted in another state. If nothing regarding your family structure is different, do you need to update your will? In many cases, the...
What is a 1031 Exchange?
What is a 1031 Exchange? Individuals and companies who sell appreciated property (real estate or personal property) are subject to capital gains tax under the Internal Revenue Code. Under IRS’s 1031 Exchange rules, however, an exchange is not considered to be a sale...
