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

The Beggs & Lane Blog

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

Can I Erase My Criminal Record?

By Charles T. Wiggins When a person is arrested in Florida, the arrest record stays around forever. As in forever . This can cause problems when applying for jobs and professional licenses. Can I have my criminal record erased? Answer: It depends. Most of the time, if the charges were dropped, or the sentence did not result in a conviction (more on that in a bit), the charges can be sealed or expunged. “Sealed” means that the arrest record still exists in the court file, but is inaccessible without a court order. “Expunged” means that the arrest record must be [...]

By | December 27th, 2016|Categories: Blog|0 Comments

“What the Heck is My Lawyer Talking About?”

By Thomas F. Gonzalez Somehow, you have found your way to the Beggs & Lane law firm blog. I will assume you clicked on this link purposefully and did not simply find your way here accidentally because you were looking for a good deal on a purse (www.bagslane.co.uk) or you are trying to hone your Irish dance skills (www.beglanacademy.com). Assuming you are here on the Beggs & Lane blog purposefully, you must be looking for some useful tidbit of legal knowledge. As a trial lawyer, I often meet with individuals who have never been exposed to the legal process. My [...]

By | October 5th, 2016|Categories: Blog|0 Comments