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.
Positives of Making Lifetime Gifts
The season of giving is approaching. As part of your year-end planning, you may be considering making some significant gifts. You should consider the consequences of making lifetime gifts now versus your beneficiaries receiving gifts after you have passed away. This...
Real Estate Flip Could Become Tax Flop
A full-time real estate flipper, or what the IRS considers full-time, may not qualify for the lower capital gain tax rate and instead be taxed at the ordinary income tax rate. A real estate flipper buys real estate, rehabs it and then sells within a short time. It is...
More Privacy Achieved with a Living Trust
One of the advantages of using a living trust, instead of a will, is that it gives your family more privacy. After your death, Florida law requires that your last will and testament be filed with the local clerk of court. Once a will has been filed, it is a matter of...
Repairs and Maintenance in a Commercial Real Estate Lease
A properly drafted commercial lease should address who is responsible for repairs and maintenance. If the commercial lease does not include this, Florida law in Chapter 83, Florida Statutes, tells us who is responsible. If landlord has the duty to repair under a...
Environmental Provision of a Commercial Lease
Whether commercial real estate space is industrial, retail or office use, and whether you are landlord or tenant, the environmental provision of a commercial lease is a subject both landlord and tenant must understand concerning each party's responsibilities, benefits...
Trust Administration Costs
Trust administration is the process where the successor trustee pays a deceased person's taxes and debts and then transfers the remaining trust assets to the beneficiaries according to the instructions provided in the trust document. Unlike probate, there is no court...