Recent News
Blog articles from the attorneys at Stross Law Firm, P.A. with topics related to estate planning, business law, real estate, probate and trust administration.
Fiduciary Access to Digital Assets – Florida’s Version
Action Step: Update your estate plan to reflect the new Florida digital assets law. Effective July 1, 2016, Florida now regulates a Florida citizen’s digital assets following their death or incapacity. This new law addresses access to and disposition of an...
Attention Members of LLCs Taxed as Partnerships – a New Tax Rule Could Apply Entity-Level Partnership Tax
The Effect of a New Tax Rule on LLCs Taxed as Partnerships: If your LLC has two or more members and is taxed as a partnership, read on. If you do not want to pay tax for a tax year you were not a member of the LLC that is taxed as a partnership, pay attention to this...
How You Own Investment Real Estate with Another and Why It Matters
When you own investment real estate with another person, what do you have? Do you have a partnership that owns the real estate or is the real estate your separate property which you may do with as you please, subject only to rules embodied in a multi-owner agreement?...
Boilerplate Language in Business and Real Estate Agreements: The Devil Really Is In the Details
Have you ever been at a real estate closing or presented with a long agreement containing language and terms you did not understand? Has anyone ever told you, "Don’t worry, it's just boilerplate"? Boilerplate is a slang word used to describe language in an agreement...
You Don’t Need to Hire an Attorney to Settle an Estate When There’s a Trust – Do You?
Many people believe if there is a living trust, settling an estate will be easy and will not require help from an attorney experienced in the settlement of deceased persons’ estates. So, is that true? It depends. Instead of attempting to answer that question, this...
Avoid Probate – Use Jointly Owned Real Estate (or Not)!
Frequently, our attorneys are asked to draft a real estate deed to establish a joint tenancy with full rights of ownership to the survivor of the two or more owners (Jointly Owned Real Estate). The reason to do so is usually to avoid probate while also avoiding the...