Real estate transactions and estate planning are not independent of each other. Estate planning documents often dictate how title will pass for real property assets. When an individual dies, their assets either pass by virtue of their estate planning documents, or by virtue of law. Florida law has special provisions for homestead and creditors exemptions. Other factors should be taken into consideration including citizenship, residency, capital gains, and taxes. An attorney well-versed in both real estate and estate planning can help you plan for your real property assets. Selling the assets of a decedent can be more complicated and expensive than beneficiaries expect. Be sure to enlist trusted professionals with experience to assist you with these matters.
-Emily A. Helmick, Esq.