Your Real Estate Transaction: 3 Main Benefits of Legal Representation

Attorney Randall D. Baskin

1. Before you sign the purchase and sale agreement: Whether you are the Buyer or the Seller, the need for attorney representation in a real estate transaction begins before you sign the purchase and sale agreement. While many real estate professionals claim to work with “standard contracts,”Personal representative compensation
there is no such thing as a standard contract. The boxes you fill in on those “standard contracts” can have a large impact on how costs associated with your real estate transaction are allocated between Buyer and Seller. For example, the contract will dictate which party will be obligated to pay any special assessments imposed upon the property that are due after closing. An attorney representing your best interests can provide advice on your contractual rights and obligations under a purchase and sale agreement before and after you sign on the dotted line.

Estate planning 2. During the escrow period: Once the purchase and sale agreement is signed, an attorney can help to ensure that your transaction goes smoothly by examining the title commitment to the property and by working to clear any clouds on the title that will affect your future use and enjoyment of the property.

Additionally, an attorney can advise on key issues affecting property ownership, such as choosing the right form of legal ownership and navigating the Florida Homestead Laws.

How ownership of property is taken can have vast legal consequences. When purchasing real estate, there are several ways to take legal title, such as jointly, individually, in a trust, or in a business entity. An attorney can analyze the facts of your particular situation and advise on which form of ownership is best for you.

The State of Florida affords unique legal protection to an individual’s real property through its Homestead Laws. An attorney can advise on Florida Homestead Laws and how to use these laws to protect your real property from liability, as well as how to maximize the tax benefits afforded to homestead property.

attorney real estate3. At closing: After all contingencies of the contract have been met, the closing can occur. At the closing table and after closing, an attorney will ensure that the transaction and all related documents are properly researched, executed, and recorded. If the property is in probate at the time of the sale, an attorney can help to ensure that the property is conveyed legally and all beneficiary interests in the property are extinguished.

For more information about real estate in St. Petersburg, Tampa, and Clearwater, call BaskinFleece at 727.572.4545.

This blog is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Because the law is continually changing, some provisions in this blog may be out of date. It is always best to consult an attorney about your legal rights and responsibilities in your particular case.

 

Attorney Jay Fleece Is Featured in the 23rd Edition of The Best Lawyers in America©

Baskin Fleece partner Joseph W. “Jay” Fleece, III, was selected by his peers for inclusion in The Best Lawyers in America© 2017 in the field of Trusts and Estates Litigation. Best Lawyers is based on an exhaustive peer-review evaluation. This year, 7.3 million votes were analyzed, resulting inBaskinFleece lawyer Jay Fleece the inclusion of almost 55,000 lawyers in the 23rd edition. Lawyers are not required nor allowed to pay a fee to be listed. Corporate Counsel magazine has called Best Lawyers “the most respected referral list of attorneys in practice.”

To schedule an appointment with a Baskin Fleece attorney, call (727) 572-4545. For more information about Baskin Fleece, visit www.BaskinFleece.com.

What Happens To Your Facebook Account When You Die?

Colleen Carson

By Attorney Colleen Carson

In today’s fast paced, technology driven age this is a question whose answer will affect many individuals. So, what exactly will happen to your Facebook account when you pass away and who will make that decision? Facebook offers users the ability to make this decision during life by providing two options. You can either choose to have your account memorialized, which transforms your profile into a place where your friends and family can gather to reminisce and share memories about you, or you can choose to have your account permanently deleted. In order to exercise one of these options and ensure your wishes are carried out, you must assign a legacy contact to your Facebook account during your lifetime. A legacy contact is the person you designate to manage your Facebook account upon your passing.

Facebook Memorialized Page

An example of a Memorialized Facebook page

At your death, any friend or family member can notify Facebook of your passing by filling out a Memorialization Request formFollowing this request, Facebook will solely grant your designated legacy contact the ability to manage your account, and if you choose to have your account memorialized, the word “Remembering” will appear next to your name on your profile. Assigning a Facebook legacy contact is important for the process of memorialization because your legacy contact is given permission to add additional posts to your timeline on your behalf, respond to new friend requests, and update your profile picture and cover photo. If you have chosen permanent deletion, your Facebook Deceased Person's Accountlegacy contact must fill out the Special Request for a Deceased Person’s Account form to have your account deleted. Having an assigned legacy contact ensures that your wish for your Facebook account, whether it be memorialization or permanent deletion, will be carried out.

In the event that you do not assign a legacy contact to your Facebook account, the process of carrying out your last wish becomes far more unpredictable.  Without a legacy contact you have no say as to whether your account is memorialized or permanently deleted. The option chosen will depend on the wishes of the first individual to contact Facebook regarding your account. Any person may request to have your account memorialized, but only a verified family member may request permanent deletion of your Facebookaccount. Facebook will either memorialize or permanently delete your account based on the instruction provided by the first person to contact them. Without deciding what to do with your Facebook account, one of your digital assets, during life and without assigning a Facebook legacy contact to carry out your decision, the fate of your Facebook account when you pass is both unpredictable and out of your control; as is the fate of all of your assets, without proper estate planning. If you want to learn more about protecting your assets when you pass and how proper estate planning acts as a fundamental element of that protection give BaskinFleece a call at (727) 572-4545.

This blog is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Because the law is continually changing, some provisions in this blog may be out of date. It is always best to consult an attorney about your legal rights and responsibilities in your particular case.

April 1st – This Day in History

1789 Politics: The first U.S. House of Representatives formed and elected its first speaker.

April 1st US troops land on Okinawa1945 WWII: On this day, 50,000 U.S. combat troops of the 10th Army landed on Okinawa, 350 miles south of Kyushu, the southern main island of Japan.

The 1985 NCAA Men's Division I Basketball Tournament1985 College Basketball:
One of the greatest upsets in college basketball history, the Villanova Wildcats beat the Georgetown Hoyas, 66-64, to win the NCAA Men’s Division I tournament. The victory was Villanova’s first-ever national championship. Patrick Ewing played center on the losing Georgetown team.

Google introduces email2004 Internet: Google’s Gmail was launched as an advertising-supported email service provided by Google on an invitation-only beta release.

Jay Fleece and Hamden BaskinApril 1, 2004 Law: Joseph W. “Jay” Fleece, III, and Hamden H. Baskin, III, decided to combine their extensive knowledge and experience to create a unique law firm that was focused mainly on contested estate, trust and guardianship matters. Their philosophy was simple: leverage trial skills with the knowledge of probate and trust law to provide consistent, efficient and effective representation for their clients – resulting in positive outcomes. Congratulations to Jay Fleece, Hamden Baskin and their team for serving the community and its clients since 2004.

You can contact BaskinFleece at 727.572.4545.

Attorney Jay Fleece Is Featured in the 22nd Edition of The Best Lawyers in America

BaskinFleece lawyer Jay FleeceBaskin Fleece partner Joseph W. “Jay” Fleece, III, was selected by his peers for inclusion in The Best Lawyers in America 2016 in the field of Trusts and Estates Litigation. Best Lawyers is based on an exhaustive peer-review evaluation. This year, 6.7 million votes were analyzed, resulting in the inclusion of more than 55,000 lawyers in the 22nd edition. Lawyers are not required nor allowed to pay a fee to be listed. Corporate Counsel magazine has called Best Lawyers “the most ©respected referral list of attorneys in practice.”


To schedule an appointment with a Baskin Fleece attorney, call (727) 572-4545. For more information about Baskin Fleece, visit www.BaskinFleece.com

BaskinFleece Partners All Included in 2015 Florida Super Lawyers List

Screen Shot 2015-07-22 at 4.47.39 PMBaskinFleece partners Hamden H. Baskin, III, Joseph W. “Jay” Fleece, III, and Colleen A. Carson were all included in Super Lawyers’ annual ranking of Florida attorneys. Mr. Baskin and Mr. Fleece were named in the 2015 Florida Super Lawyers list, while Ms. Carson was selected to the 2015 Florida Super Lawyers Rising Stars list, which includes attorneys who are either age 40 or younger or who are in practice for 10 years or less.

BaskinFleece partners Hamden H. Baskin, III, Joseph W. “Jay” Fleece, III, and Colleen A. Carson were all included in Super Lawyers’ annual ranking of Florida attorneys. The Super Lawyers lists feature attorneys who have attained a high degree of peer recognition and professional achievement. Before selection, candidates go through a multi-stage process that includes a statewide survey of lawyers, an independent research evaluation of candidates, and peer reviews by practice area.

No more than 5 percent of Florida lawyers are included in the state’s Super Lawyers list, and no more than 2.5 percent of Florida lawyers are included in the state’s Rising Stars list.

To set up an appointment with a Baskin Fleece attorney, call (727) 572-4545. For more information about Baskin Fleece, visit www.BaskinFleece.com.

Baskin Fleece Partner Jay Fleece Recognized as Florida Legal Elite

BaskinFleece lawyer Jay FleeceBaskin Fleece partner Joseph W. “Jay” Fleece, III, has been named in the 2015 edition of Florida Trend magazine’s Florida Legal Elite™.

Members of the Florida Bar were asked to nominate Florida lawyers who they hold in the highest regard. An independent research firm compiled the results, and a panel of previous Legal Elite winners reviewed the attorneys who had the most votes.

 

The Florida Legal Elite list includes fewer than 2% of active Florida Bar members practicing in the state.The Florida Legal Elite list includes fewer than 2% of active Florida Bar members practicing in the state.

To schedule an appointment with a Baskin Fleece attorney, call (727) 572-4545. For more information, visit: www.BaskinFleece.com.