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The elected Property Appraisers of Florida's 67 counties are the state constitutional officers responsible for maintaining the integrity of the homestead tax exemption program. No one in Florida "automatically" obtains a homestead exemption. Instead, a homeowner on title (or the beneficiary of a trust, a person legally or naturally dependent ...
A living trust has to be maintained over your lifetime and chances are, you will need an attorney to maintain it. ... a bit higher than if you go through probate. On the positive side, revocable ...
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.
Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).
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The corporation must have a business purpose and activity, lest it be deemed a sham designed to avoid U.S. estate taxes. In principle, all foreigners holding U.S. property are subject to the estate tax, even if they have never set foot in the U.S. and hold U.S. stocks directly only through a foreign brokerage account.
Homeowners age 65 and over, those with disabilities or gold star families can put off paying property taxes indefinitely at 5% annual interest. Tax offices don’t promote it. Cities, counties and ...
As the Florida appellate court pointed out, "[w]e cannot rewrite Florida probate law to accommodate a Michigan attorney more familiar with the Uniform Probate Code." [ 4 ] The Uniform Law Commission does not list Florida as one of the states that has adopted the Uniform Probate Code.
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