Blog
Capital Gains, Step-Up in Basis, and Your Florida Investment Property
Florida is a popular destination for real estate investors, and not just because of the sunshine and beaches. The state’s favorable tax environment—especially around capital gains—offers some unique advantages for property owners. If you own investment property in...
Capital Gains, Step-Up in Basis, and Gifting Property: What Florida Property Owners Need to Know
Florida real estate is not just a sunny lifestyle choice—it’s also a powerful investment. But when it comes to passing on your property, the how and when can have a major impact on your family's tax liability. Whether you're thinking about gifting your property now or...
The Empire That Vanished Overnight: A Cautionary Tale of a Business Owner Without a Succession Plan
By Danielle Vaughn, Board Certified Real Estate Attorney When a successful business owner passed away unexpectedly, what followed was a harsh and heartbreaking lesson in the importance of succession planning. Multiple businesses that had taken years to build were...
The High Cost of a Bad Lease: What Every Landlord Needs to Know
Avoiding Legal Headaches with Residential Tenants As a small landlord, you're not just managing property—you're running a business. Whether you have one unit or a dozen, your lease agreement is your most important legal tool. It's what protects your income, your time,...
When the Boss Goes Silent: A Story of Business Interrupted
It was a typical Monday morning at a thriving small business. The team was settling in, preparing for a big client launch later that week. Everything was running smoothly—until it wasn’t. By mid-morning, the business owner had suffered a sudden medical emergency and...
The Hidden Costs of Not Updating Your Estate Plan After a Florida Move
Relocating to Florida has its perks—sunshine, ocean breezes, and no state income tax. But while you’ve unpacked the boxes and settled into your new life, have you updated your estate plan? Failing to revise your estate plan after a move to Florida can lead to costly...
12 Common Estate Planning Mistakes and How to Avoid Them
Estate planning is a crucial step in managing your assets and ensuring your wishes are respected, both in life and after. However, the process can be complex, and without proper guidance, it's easy to make mistakes that can have long-lasting effects on you and your...
What to Consider Before Transferring Property Title
Transferring the title of a property might seem straightforward, but it involves several considerations that can have significant financial and legal implications. Here are six common aspects that property owners often overlook when transferring title: 1. Increase in...
CTA Imposes New Small Business Reporting Requirements for 2024
Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year. The CTA,1 enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business...
10 Types of Trusts: A Quick Look
Considering the myriad of trusts available, creating the right estate plan can seem daunting. However, that is what we, as estate planning attorneys, do every day. We know the laws and will design a plan which addresses your specific situation. Here is a look at the...
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