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 […]
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 […]
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 […]
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 […]
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 […]
The Court issued 2 of 3 Opinions related to the bankruptcy issues the Court accepted in the 2014 Term. First, the Court ruled that a Bankruptcy Court’s denial of Plan Confirmation is not a final appealable order as there are other legal alternatives that a Debtor has available precluding a final adjudication. Second, in a separate […]
On May 13th, the Firm’s Elder Law Attorney, Elizabeth P. Allen, gave a presentation to the Hillsborough County Guardian Association. The topic of the Powerpoint presentation was “The Basics of Long term Plannng.” Ms. Allen discussed the nature and cost of long term care, the high odds of a person needing it during their lifetime […]
On April 10, 2015, the Alzheimer’s Association acknowledged Gibbons Neuman for its participation and fundraising in the November 2014 Walk To End Alzheimer’s in Tampa. The firm was presented with a plaque in recognition of the $4,190 raised in its inaugural Walk participation. All those involved in the Walk had a great time and the […]
On March 26, 2015, Gibbons | Neuman was a co-sponsor of the Tampa Health Care Networking event that took place at MacDinton’s Irish Pub. The event brought together in excess of 50 representatives in the senior health care industry. Attendees raised money for the MS Society, the sponsored charity.
I had a front row seat at the U.S. Supreme Court last week in the consolidated bankruptcy case of In Re: Toledo and Caulkett. The issue being argued was whether an individual in a chapter 7 liquidation bankruptcy can strip and void the lien of a second mortgage when the first mortgage balance is more […]