What Must a Corporate Name Include?

July 7, 2020 by

Written by: Nataline Garcia, Esq. If you have been considering creating a new business entity, there are certain requirements you must consider prior to incorporating. Under Florida Statute 607.040 a corporate name: Must contain the word “corporation,” “company,” or “incorporated” or the abbreviation “Corp.,” or “Inc.,” or “Co.,” or the designation “Corp,” or “Inc,” or “Co,” as will clearly indicate that it is a corporation instead of a ...
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What are Florida Articles of Incorporation?

July 6, 2020 by

Written by: Nataline Garcia, Esq. Florida law requires that a new company, wishing to incorporate in the state of Florida, file articles of incorporation with the Florida Department of State.  The articles of incorporation are a formal set of documents filed with the State of Florida legally creating a business entity. Articles of incorporation generally contain important information related to the business such as the business name, address, ...
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Is a Life Estate Deed an Effective Estate Planning Tool?

July 3, 2020 by

Written by: Nataline Garcia, Esq. Many people come to me with the idea of creating a life estate deed to transfer their interest in their property. They believe it is a quick, affordable and effective way of protecting their interest in property. This article will explain the many foreseeable drawbacks in having a life estate deed prepared in place of other estate planning tools. A life estate deed effectively gives property away during the ...
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Sued by a Creditor or Debt Collector

July 2, 2020 by

A debt collection lawsuit can be quite intimidating for some, as this may be their first experience with the legal system. A person may receive a lawsuit for debt collection on an old or unpaid medical bill, credit card, or other consumer debt that they may have accrued. The creditor that is suing you, is more often than not, unlikely the original creditor. Debt is usually sold, several times over, and may now be handled by a debt collection ...
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Keeping a Vehicle within a Chapter 7 Bankruptcy

July 1, 2020 by

In a Chapter 7 bankruptcy filing, most of the debts are discharged. However, one thing most consumers worry about is that they’ll lose everything, such as personal property, but that is not the case. Although a Trustee may have the debtor give up their nonexempt property to use the proceeds to pay unsecured creditors – there is various exemption laws that allow a debtor to protect certain property in a bankruptcy, one of those being motor ...
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Probate: Summary Administration vs. Formal Administration in Florida

June 17, 2020 by

If a loved one of yours has recently passed away, you will probably need to help navigate his or her estate through the Florida probate court, which is the venue in which estates are settled.  When it is determined that your loved one’s estate needs to go through probate, there are generally two options for you: summary administration and formal administration.  Formal administration is the standard operating procedure for many estates, ...
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4 Tips for Making an Offer on a House

June 16, 2020 by

After months and months of searching, you and your family have finally found a home you can envision spending decades in. You feel a sense of excitement, but not relief; you know that you have to make the right offer on the house or the sellers will not pull the trigger. This blog is intended to serve as a general guide for making an acceptable offer on your dream home that will seal the deal.  Work with your own agent to advocate for you. ...
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Are your property taxes too high?

June 15, 2020 by

Your property tax notice has been mailed to you and you are shocked by how much you have to pay in property taxes this year! Despite the recent economic downturn and a slipping real estate market your property taxes may actually go up this year. If this is your reality, you should know your rights to ensure a proper “fight”.  In August of each year, Miami-Dade county property owners receive a Notice of Proposed Property Taxes (“TRIM Notice”). ...
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Overview of Irrevocable Trusts in Florida

June 8, 2020 by

Written by Nataline Garcia, Esq. When determining your estate planning needs it is essential to understand the differences between an irrevocable trust and a revocable trust. In this blog article I will discuss the fundamental benefits and drawbacks of an irrevocable trust, and how it may, or may not, be beneficial for you. Who are the parties involved in a Trust? First it is important to understand the parties involved in a Trust, this ...
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How to Prepare for Hurricane Season

June 7, 2020 by

In our previous blog titled "What You Should Know if a Hurricane Damages Your Home in Florida" we discussed the proactive and immediate steps to take immediately following a hurricane or major storm. In effort to help reduce the stress, anxiety and damage brought on from a storm, this article will discuss the different steps to consider to adequately prepare for hurricane season. As hurricane season approaches South Florida, taking precautionary ...
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