Skip to Content

News & Resources

Monthly Archives: September 2016

Learn from Prince: Be Prepared!

Posted on Sep 28, 2016 in Estate Planning

After the shock of Prince’s unexpected death, it was discovered that he did not have a Last Will and Testament.  This raises a host of issues for his estate, from valuing assets to determining the ultimate beneficiaries.  The most important issue (at least in his case) may be control:  Who will control the legendary “vault” that stores hundreds of unreleased songs? Because Prince closely maintained control and ownership over the rights to his music during his lifetime, it is astounding that he did not properly plan for protecting his most prized asset.  When a person dies without a Last Will […]

Real Estate Buyer Alert: Miami-Dade County Commercial Surtax Applies to Certain Bulk Condominium Purchases

Posted on Sep 9, 2016 in Real Estate

Under Section 201.02 and 201.031 of the Florida Statutes, certain counties are authorized to levy a surtax on documents that transfer interest in Florida real property. However, transfers of interest in single-family residences are exempt from this documentary surtax. The tax applies to deeds and other instruments related to real property in an amount not to exceed $0.45 per $100.00. In 1984, Miami-Dade County exercised this authority, established a Housing Assistance Loan Trust Fund, and implemented the Documentary Surtax Program. This program benefits very low to moderate-income families. Very low-income families have incomes of 50% or less of the median […]