Monthly Archives May 2016

Partition of Florida Real Estate

After the death of one of the family members, those involved on it will have a difficult time: the division of assets, those dealing with the Florida Investing Jacksonville see it quite often. The process can become even more delicate when the asset to be shared is a property. To undo the good, through sale or donation, for example, the agreement of all the heirs is required.

The division shall be made according to the number of direct heirs and the property value. It works like this: if a house is worth $ 100,000 and the owner possessed ten children, each of the heirs will receive US $ 10,000. This fraction, the expert added, is what is called “quota share”, the portion corresponding to the right of each of the new owners...

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