Everyone Needs a Will
Every adult should have a will. If you die without a will, state intestacy law will likely determine who inherits your property. These rules are exactly the same for everybody, regardless of his or her circumstances. What Happens When You Don’t Have a Will When you die without a will, Florida law in essence writes […]
Four Ways to Protect Your Digital Assets in Your Estate Plan
Over the past several years, the explosion of technological advances and devices has led to a proliferation of digital assets for almost everyone. Digital assets are those that primarily exist virtually. Some of these assets have financial value, such as cryptocurrency, online investment accounts, or revenue-generating websites, and others have sentimental value, like family photos, […]
Three Times When You Need to Update Your Estate Plan
An estate plan is a living document that necessarily must change over time. As a single adult, your estate planning needs will likely change as you marry, have children, and accrue assets. Therefore, as you age and major life events occur, you should always be sure to update your estate plan accordingly. You can count […]
What is the Difference Between Summary and Formal Probate Administration?
When you are dealing with the death of a loved one, trying to simultaneously make sense of the legal issues that your loved one has left behind is challenging. The Florida probate administration lawyers of Kramer, Green, Zuckerman, Greene & Buchsbaum, P.A. can answer your questions and calm your concerns in this situation. In addition, […]
What is a Revocable Living Trust and How Does It Work?
[vc_row][vc_column width=”1/1″][vc_column_text]A living trust, revocable trust, or revocable living trust is an estate planning technique that helps you avoid probate. A trust allows you to transfer all your property to a third party on behalf of the beneficiaries whom you have designated. Who is in Charge of a Revocable Living Trust? The third-party who administers […]
Does My Estate Have to Go Through Probate?
[vc_row][vc_column width=”1/1″][vc_column_text]Your estate doesn’t necessarily have to go through probate. In simplified terms, if you pass away without a will or trust in place and have assets solely in your name or have no beneficiary listed, your estate likely will have to go through probate. On the other hand, if you engage in some simple […]
How Federal Estate and Gift Taxes Work
[vc_row][vc_column][vc_column_text]Many people are concerned that a significant portion of their estates will be consumed by federal estate tax. Federal estate and gift taxes are really a single tax on the value of property transferred from one person to another. The gift tax applies to transfers during life and the estate tax to transfers on death. […]
PPP deadline extended to May 31
[vc_row][vc_column][vc_column_text]Thousands of small businesses scrambling to stay afloat as a result of COVID-19 are getting extra time to apply for PPP loans. By a 92-7 margin, on Friday, the Senate passed the PPP Extension Act of 2021 (“Act”), extending until May 31 the deadline for Paycheck Protection Program applications. The PPP was scheduled to sunset […]
PPP Likely Extended to May 31
[vc_row][vc_column][vc_column_text]Small businesses got some good news on Tuesday, when the House of Representatives voted to extend the Paycheck Protection Program for two months. On Tuesday, the House passed the PPP Extension Act of 2021, by a 415-3 vote. It would extend the program to May 31, instead of the current date of March 31, and […]
New PPP FAQs – Good News for Necessity Requirement
[vc_row][vc_column][vc_column_text]As addressed in previous Legal Beats, in order to qualify for a Paycheck Protection Program (“PPP”) second draw loan, the borrower must demonstrate that they had a 25% reduction in gross revenues, comparing a 2020 calendar quarter to a comparable 2019 calendar quarter (i.e., comparing the 2nd quarter of 2020 to the 2nd quarter of […]