Estate taxes can be complex, but effective planning can lessen their financial impact. Florida does not impose a state estate tax, simplifying the process compared to many other states. Still, federal estate taxes may apply if your estate exceeds certain thresholds,...
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Riddell Law Group Blog
How does a quiet title affect title insurance?
If you’re dealing with a disputed property title in Florida, you might wonder how a quiet title action affects your title insurance. A quiet title lawsuit can help clean up ownership records and resolve claims, but it also plays a big role in your ability to get title...
Do you have to have title insurance in Florida?
If you’re buying a home or property in Florida, you may be wondering whether having title insurance is a requirement. While it is not mandated by Florida law, it’s strongly recommended to protect your investment. What is title insurance? Title insurance is a policy...
How does a bank walkaway affect homeowners?
A bank walkaway happens when a lender starts foreclosure but does not complete the process. This can leave homeowners in a difficult situation, as they remain responsible for the property even though they may believe they no longer own it. Lenders may abandon...
How does a durable power of attorney fit into an estate plan?
A durable power of attorney (DPOA) is an important tool in estate planning. It allows a person, known as the principal, to appoint someone they trust, called an agent, to manage their financial, legal, and health-related matters in case they become incapacitated. This...
How is title insurance transferred when selling a property?
Title insurance plays an important role in real estate transactions by protecting against ownership disputes and title defects. When selling property, understanding the title insurance transfer process ensures a smooth transaction. Review the title policy The first...
How does the rise of foreclosure rescue scams affect homeowners?
The rise in foreclosure rescue scams is putting Florida homeowners at greater risk. Scammers often promise to save homeowners from losing their homes but end up causing more harm. Understanding how these scams work and knowing how to avoid them can help homeowners...
What are the benefits of charitable remainder trusts?
A charitable remainder trust (CRT) offers a unique way to provide for loved ones while supporting charitable causes. This estate planning tool helps create a win-win situation for families and charities alike. Understanding the benefits of CRTs can help determine if...
How title insurance protects you against harmful liens
When purchasing a home, buyers often face hidden risks that can affect ownership rights. One of the most significant dangers involves liens placed on the property by previous owners. A lien is a legal claim against the property, usually for unpaid debts such as...
How does a short sale affect credit and future home purchases?
A strategic short sale happens when a homeowner voluntarily sells their home for less than the mortgage owed to avoid foreclosure. This option can help homeowners escape the financial and legal burdens of foreclosure. However, it's important to understand how a short...
