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CindiWass

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  1. Yes, my lawyer here in Florida mentioned taxes were less and that I could homestead. Not sure about homesteading requirements yet. We already own a condo here in Florida and gave up the homestead when we moved to Pennsylvania, but are planning to move back to Florida permanently within the next 12 months. But since I may move back before my husband does (probably not though, but could be), that's another reason why I was wondering about residency and how to figure it for tax purposes. P.S. I usually do overthink things, which is why perhaps my blood pressure is so high.
  2. That makes sense. The attorney here in Florida told me it takes six months and a day to establish residency here. If I recall what she said correctly. My question is: what if I am here six months and a day but not my husband? How does that work if we want to make a revocable trust in Florida? (This whole thing is giving me a lot of angst.)
  3. OK, thanks. So it's a revocable trust that I'm talking about, not a living will. We already have a medical directive. We are residents of Pennsylvania, but planning to move to Florida. So does it matter which state I make out the trust in? I mean does it matter if a lawyer in Pennsylvania makes it out, even though we have property in Florida and Pennsylvania and are planning to move there within the next 12 months? There is an attorney here in Florida I like, but again am wondering if it matters what state we have the attorney make out the trust from. (We have a condo in Florida and go there several months out of the year, but are planning to move to Florida permanently.)
  4. Is it worth it to you? I was cheated out of much of my parents' assets because my father and his brother were in cahootz, my uncle being an accountant. I am an only child, and I was told by my aunt (my mother's sister) that much of the money my parents had went to his brother who is still alive. Not in a will, but handed over while my father was still alive, it went to Madoff's investment firm, and my uncle said he lost millions there, but evidently recovered much of it. My aunt said much of that was my father's money. So there is nothing I can do. My father trusted my uncle who was the executor of the estate. However, I have a retirement income and social security, while not huge, will keep me going. He left me some money (not much) and I paid off my debts which my husband racked up and which took us out of debt since then, but is it worth it to you to keep going after the money like that? I have settled within myself that my father was a lying cheat, my uncle was (is) a liar which I know for a fact, having passed himself off as my father's son. (He's 18 years younger than my father was.) I have nothing to do with my uncle and his family now. But it's better than being all upset. My uncle, being a top-notch accountant for a very large firm, knew all the in's and out's of hiding money.. I feel bad you are going through this, I know it is a terrible experience. I hope things work out, but you really need to try to mentally settle with it and not get yourself too worked up or in trouble. If you have proof she made it look like you broke into the home I'd see what I could do to report that. Ask on the board what they think you should do to contradict the idea that you broke into the house. Sorry if this is not technical advice, I only know the strain and stress I went through trying to work through a bunch of liars. Not easy, and sometimes you won't win. Don't get yourself too worked up about it and get yourself into trouble or have a stroke, etc. That is my advice.
  5. If my husband and I make out a living will, or revocable trust, in one state and move to another, will it be good in the state we move to?
  6. How many persons are allowed on personal checking account?
  7. Can someone help me to understand the rules for probate in Florida? We live in Pennsylvania currently, but are planning to move to Florida in about a year, and want to know about probate in Florida. When does something go to probate in Florida? And then I'll ask about Pennsylvania probate laws if we both (my husband and myself) die more or less at the same time.
  8. I wish I could solve the problem, yes I will have to look at the condo rules, stipulations, by-laws, etc. Meantime, it becomes a problem in my mind because I'd still like to know what happens IF the ass'n buys the condo. Why would they pay a good price for it? I am going to ask when is the last time that happened. Maybe I'll ask. I am seriously thinking of moving into one of the retirement homes. But then I have my trepidation about that too. So I'll see. And -- maybe they'll decide to undercut any bids while I have while I'm alive, I guess under the rules that's possible, too.
  9. OK, thanks again. So if we leave my condo, let's say, to my husband's brother, the condo can refuse that? Even if he financially qualifies? I mean it sounds ridiculous for them to do so, but apparently, if I understand this correctly, the ass'n can do that. OK, so let's say they refuse to grant it to my brother-in-law (when we're dead). Then what happens? Just so I understand. Because at this point, I'm thinking to sell it and go into an independent living place for old folks that serves meals, etc. does the laundry. I mean this is getting sadly very complicated. And I want to make out a will or something so that it doesn't go up in the air, because we have no heirs that need it. I don't enjoy living here so much so that I want to give the ass'n the condo when we die. So let's say the ass'n buys the condo, after refusing to give it to the desired heir. Who do they pay? The executor of the estate?
  10. I agree. But now here's my question: if Florida law is different than condo ass'n rules, who wins?
  11. My lawyer was speaking from experience, since she does a lot of work with this particular association. "We" means me and my husband. "We" are together on this, and want to make the right decision for us in reference to the charity. We have no children. We have no siblings that need it and we (my husband and I) do not want to leave it to a relative. We are together on this, we are joint owners. That means if I die before he does, he obviously can do whatever he wants with the condo and we will discuss this. I am sure we are of the same mind. If he dies before I do, I probably will want to sell it and move into an assisted living community if possible. And put the money in the bank and then give it to the charitable organization. But the real question is concerning the charitable organization and how to give it to that organization if we do not sell it. I will be asking for the condo rules next week so I can read them. as I said we inherited the condo a while back and at that time we were not focused on making a will.
  12. I asked my attorney here in Florida, that's what I said in my first post.
  13. I did ask my attorney here in Florida. She said what the attorney for condo ass'n told me may not be true. I guess I'll have to ask for a copy of the condo ass'n rules. I wasn't thinking about this when we inherited the condo some years ago. That's why I'm asking here, maybe somebody knows the in's and out's of selling a condo or bequeathing it to a person. I was told by ass'n president the condo association has first dibs on the property.
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