Blog 2018-08-17T15:56:21+00:00

The Beggs & Lane Blog

Can a Non-Resident of Florida Serve as the Personal Representative of a Florida Probate Estate?

We often have clients that want to nominate non-residents of Florida to serve as the Personal Representative of their Florida probate estate. In doing so, it is important to closely read the applicable Florida statute, as Florida law is very specific with respect to when a non-resident of Florida can qualify to be the personal representative of a Florida probate estate. Pursuant to Fla. Stat. § 733.304, a person who is not domiciled in the state of Florida cannot qualify to serve as personal representative unless the person is: 1. A legally adopted child or adoptive parent of the decedent; [...]

By | September 18th, 2018|Categories: Blog|0 Comments

What To Expect When You Are Named A Successor Trustee

By: Kevin M. Helmich, Esq. Beggs & Lane, RLLP Your parents call and tell you that they are nominating you as the “successor trustee” in their estate planning documents. What does that mean? For purposes of this article, I am going to assume that your parents have appointed you as a successor trustee of their “revocable living trust”. A revocable living trust is a common tool used in estate planning. The basic structure is fairly straight forward. Your parents establish a trust during their life, and they transfer all or most of their assets into the trust. Your parents are [...]

By | March 8th, 2018|Categories: Blog|0 Comments

Understanding Homeowners Insurance Policies

By Terrie Didier Insurance policies can be complicated and sometimes require a flowchart to determine whether a loss is or is not covered after considering the exclusions and the exceptions to the exclusions. But some basic points for understanding insurance policies are discussed below. • There are eight general forms of insurance policies: HO-1 (generally covers 10 named perils) HO-2 (generally covers 16 named perils) HO-3 HO-4 (tenants) HO-5 HO-6 (condos) HO-7 (mobile homes) HO-8 (older homes – typically over 40 years old) - Most common homeowner’s policy is called an HO-3. It covers the dwelling against all perils unless [...]

By | September 26th, 2017|Categories: Blog|0 Comments

The Department of Labor Intends to (Eventually) Revise Its 2016 Rule Increasing Salary Minimums for Certain Overtime Exemptions

By Russell F. Van Sickle As of June 30, 2017, last year’s controversial Department of Labor (DOL) rule increasing the minimum annual salary for most overtime exemptions to $913 per week ($47,476 annually) can now be declared dead.  However, the DOL has not abandoned its plans to increase the minimum salary threshold for the executive, administrative, and professional overtime exemptions.  Eventually, employers could see a renewed effort by the DOL to increase the minimum salary threshold by some not-yet-determined amount. The DOL’s rule to increase the minimum salary levels to $913 per week never officially went into effect because a [...]

By | July 5th, 2017|Categories: Blog|0 Comments

Who Would Want a “Crummey” Trust?

By: Kevin M. Helmich, Esq. Through a consistent program of annual exclusion gifting, an individual can dramatically reduce the size of his or her taxable estate. For those persons fortunate enough to have an estate with a value in excess of the unified credit equivalent ($5.49 million in 2017), an annual schedule of gifting can result in significant estate tax savings. The Annual Exclusion: Each year, a person can gift up to $14,000 to as many separate individuals as he or she desires. A married couple can combine their annual gifting capacity for a total of $28,000 per recipient. The [...]

By | February 16th, 2017|Categories: Blog|0 Comments

10 Things To Consider Before Signing The Purchase Agreement

By Jessica Andrade If you are like the majority of homebuyers in Florida, you are probably all too familiar with the Residential Contract for Sale and Purchase as approved by the Florida Realtors and The Florida Bar (the “Purchase Agreement”).  By “familiar,” I mean you’ve probably seen it - either your realtor has shared it with you or you stumbled across it online.  But do you really understand its terms?  Before signing on the bottom line, consider these ten quick tips that could save you a lot of time and trouble throughout the buying process. Personal Property – Page 1, [...]

By | February 1st, 2017|Categories: Blog|0 Comments