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Proposed National Rule: Reporting Disclosure in Residential Real Estate

Mon Feb 19, 2024 by on News

Proposed National Rule: Reporting Disclosure in Residential Real Estate

In its efforts to further curb money laundering in the United States, the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury Department has proposed a rule that would require real estate professionals involved in closings to disclose the names of people behind anonymous limited liability companies and trusts involved in all cash residential property transactions, regardless of price. This […]

Unlocking Tomorrow: Your Guide to Lady Bird Deeds in Florida

Mon Jan 22, 2024 by on News

Unlocking Tomorrow: Your Guide to Lady Bird Deeds in Florida

In the ever-shifting economic landscape, let’s delve into a unique legal tool in Florida’s estate planning toolkit – the Lady Bird Deed. This legal gem empowers homeowners to maintain control of their property while seamlessly passing it on to chosen beneficiaries, all without the probate puzzle. So, what’s the Lady Bird Deed all about? In essence, it creates a dual […]

Changes to Corporate Ownership: The Corporate Transparency Act

Tue Dec 19, 2023 by on News

Changes to Corporate Ownership: The Corporate Transparency Act

The federal government is requiring a new “beneficial ownership” information reporting requirement that will affect millions of corporate entities to be formed and previously formed. While Congress initially passed this requirement in the Corporate Transparency Act in 2021, the law will take effect on January 1, 2024. This Act will create new obligations for the smallest private companies to report […]