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Florida’s property tax laws are designed to maintain fairness and consistency while allowing certain protections for property owners. When property ownership changes hands, the property’s taxable value may be reassessed, potentially leading to an increase in property taxes. However, not all transfers result in reassessment. Knowing which transfers trigger a reassessment and which are exempt…
Estate planning is an essential step in securing your family’s future, but for blended families, the process can be more complex. A blended family often includes children from previous relationships, stepchildren, and sometimes even grandchildren or other relatives. With so many individuals involved, creating an estate plan that addresses the needs of everyone can be…
Introduction Florida’s homestead laws provide homeowners with significant benefits, from tax breaks to creditor protection. But how do these laws apply to mobile homes, which often occupy a gray area in real estate? This article will clarify how homestead laws intersect with mobile homes in Florida, focusing on eligibility, protection, and practical tips for owners….
A living trust is an essential estate planning tool for many Floridians, offering significant benefits over a simple will. It allows you to manage your assets during your lifetime and pass them on to your heirs without the need for probate. Here are the top five reasons why creating a living trust could be the best option…
What Happened? When Swedish author Stieg Larsson, creator of The Girl with the Dragon Tattoo, passed away unexpectedly in 2004, he left no will. Larsson’s estate, valued at millions due to the success of his books, became the center of a legal dispute between his longtime partner, Eva Gabrielsson, and his father and brother, who…
Estate planning is essential to ensure your assets are distributed according to your wishes and to minimize legal complications after your death. In Florida, as in most states, estate planning involves creating a comprehensive plan for how your assets will be managed and distributed, and it often includes documents such as wills, trusts, powers of…
Wills and trusts are essential components of estate planning that help ensure your assets are distributed according to your wishes after your passing. However, many people find the process of creating these legal documents overwhelming. At Bart Scovill, PLC, we’ve compiled a list of frequently asked questions (FAQs) to help you better understand wills and…
What Happened? When Pablo Picasso passed away in 1973, he left behind an estate estimated at $250 million, including artworks, real estate, and other assets. However, Picasso did not leave a will, and his complex estate became the subject of a lengthy legal battle among his six heirs. The lack of a clear plan for…
Estate planning is one of the most important steps to ensure that your assets are protected and distributed according to your wishes after death. Despite its importance, many people delay creating an estate plan, often assuming it’s unnecessary or too complicated. However, having a well-crafted estate plan is essential for everyone, regardless of the size…
Becoming a parent is one of the most life-changing experiences. While it’s a time filled with joy and excitement, it’s also a time when you need to make important decisions for the future—particularly when it comes to estate planning. Estate planning ensures that your loved ones are cared for and your wishes are followed, especially…
As 2025 approaches, Florida’s estate planning landscape may be subject to important legal changes. While no updates have been finalized yet, several potential adjustments could impact how Floridians manage their assets and plan for the future. In this article, we’ll explore possible changes to estate planning law in Florida that could arise in 2025 and…
Estate planning laws are always evolving, and Florida is no exception. The state has recently introduced several updates that can have a significant impact on how Floridians manage and protect their estates. Staying informed is crucial for ensuring that your estate plan remains effective and compliant. In this article, we’ll cover the most recent changes…
As digital assets like Bitcoin become increasingly popular, ensuring they are included in your estate plan is crucial. Unlike traditional assets, digital assets can be difficult to manage after death without a clear plan in place. In Florida, where estate laws are unique, understanding how to include Bitcoin in your estate plan can safeguard your…
Creating an estate plan is one of the most important things you can do to protect your assets and provide for your loved ones. However, many people make mistakes that can lead to unintended consequences, especially in Florida, where state-specific laws must be considered. Here are some common estate planning mistakes and how to avoid…
What Happened? Howard Hughes, the eccentric billionaire and aviation mogul, passed away in 1976, leaving behind an estate estimated at over $2 billion. Despite his immense wealth, Hughes failed to leave a valid, clear will. What followed was one of the longest, most complicated probate cases in American history, lasting over 30 years. Without a…
Blended families, which often include stepchildren, half-siblings, and remarried spouses, can create unique challenges when it comes to estate planning in Florida. Ensuring that all family members are treated fairly and that your wishes are honored requires careful planning and clear communication. Common Estate Planning Challenges for Blended Families in Florida Strategies for Estate Planning…
Dying without a will, known as “intestate,” can complicate the process of distributing your assets and determining who will inherit your estate. In Florida, the state’s intestacy laws will determine who receives your assets if you pass away without a valid will in place. Understanding how these laws work is essential for anyone who wants…
Life is constantly changing, and your estate plan should reflect those changes. Major life events, such as marriage, divorce, the birth of a child, or the death of a loved one, can have significant impacts on your estate plan. Here’s why it’s essential to review and update your estate plan after these key life events…
In an increasingly interconnected world, individuals often find themselves navigating complex financial landscapes that extend beyond domestic borders. For U.S. taxpayers with assets abroad, understanding the intricacies of reporting these holdings is not only crucial for compliance but also for safeguarding against potential legal and financial ramifications. In the realm of estate planning, the importance…
Introduction Estate planning is a crucial aspect of securing your family’s future, especially when dealing with complex situations like having an incapacitated spouse. In the state of Florida, navigating this process can be challenging, but with the right knowledge and guidance, you can ensure that your spouse’s interests are protected. This article will provide valuable…