Monthly Archives: June 2015

So, you want to leave assets to a minor child or grandchild? Make sure that you create a Trust so that you don’t trigger the need for a Guardianship.

2015-06-29T14:45:33-04:00

If the value of the assets that are left to a minor under the age of 18 exceeds $15,000.00, a Court-administered Guardianship will be required for the minor child.  This may happen inadvertently by designating a child as a contingent beneficiary on a life insurance policy or passing away without a Will.   Not only [...]

So, you want to leave assets to a minor child or grandchild? Make sure that you create a Trust so that you don’t trigger the need for a Guardianship.2015-06-29T14:45:33-04:00

Are you thinking about buying a house or condominium at a foreclosure sale?

2015-06-22T16:35:52-04:00

Thinking about buying a house or condominium at a foreclosure? -- Be careful! In all likelihood, under both scenarios, you will be responsible for paying all charges (assessments, interest, and attorneys’ fees) that were incurred and owed by the prior owner. You may want to wait and allow the lender to purchase the property at the [...]

Are you thinking about buying a house or condominium at a foreclosure sale?2015-06-22T16:35:52-04:00

Florida Tax Free ABLE Accounts to help Persons with Disabilities Save Money

2015-06-15T09:41:04-04:00

On May 21, 2015 the Florida ABLE Act became law.  The law is pursuant to the 2014 federal Achieving A Better Life Experience Act of 2014 (the ABLE ACT) which allows states to establish tax free savings accounts for certain people with disabilities.  The ABLE Act allows eligible individuals with disabilities to save money, up [...]

Florida Tax Free ABLE Accounts to help Persons with Disabilities Save Money2015-06-15T09:41:04-04:00

Termination of Rental Agreement Upon Foreclosure (F.S. 83.561 Governor Signed and Effective 6/2/2015)

2015-06-09T09:14:03-04:00

Sometimes people unwittingly rent and move into a house or a condominium that becomes involved in a mortgage foreclosure.  For many years, those tenants who entered into a lease with the borrower had no right to stay in the property after the foreclosure. During the foreclosure crisis (from 2008 through 2014), a Federal law was [...]

Termination of Rental Agreement Upon Foreclosure (F.S. 83.561 Governor Signed and Effective 6/2/2015)2015-06-09T09:14:03-04:00

US Supreme Court Reverses 11th Circuit Court of Appeals On Chapter 7 Lien Stripping of Second/Inferior Mortgages

2015-06-01T16:40:24-04:00

Gibbons | Neuman bankruptcy and creditors’ rights attorney, Victor Veschio, attended oral arguments before the United States Supreme Court in March, 2015.  The Court has now issued its unanimous ruling in favor of the creditor-bank in the consolidated cases of In Re: Toledo and Caulkett.    In summary, the Court held that any creditor who holds [...]

US Supreme Court Reverses 11th Circuit Court of Appeals On Chapter 7 Lien Stripping of Second/Inferior Mortgages2015-06-01T16:40:24-04:00
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