Page 18 - Boca ViewPointe - June '24

Page 18, Viewpointe June 2024

Jackie Silberglied, Allan Wickstein, and Gail Meddoff
fabulous Pap Corps board members. Jackie’s always
available with her cards (561) 703-3301.

Community Channel
Have You Seen It?

The Boca Pointe Community information channel
is currently broadcast on Comcast channel 63 and
soon will be transitioning to channel 1075. Please
check both channels on your TV to see which channel
hosts our community information. If you are unable
to view either channel, please call our office (561)
395-7551. Tune in for community updates, BPCA/
committee meeting dates and current events. 

Avoiding Probate On Your Home

By Martin Zevin, Attorney right to sell the property during your lifetime or make any
There are several ways to other changes to the Deed without the permission of your
avoid probate on your home children. The Enhanced Life Estate Deed has very specific
when you die. If you are single, legal language in order to be effective; therefore, do not
there will be probate when you attempt to do this on your own.
die unless you choose one of Even with the Enhanced Life Estate Deed, there are risks,
Golf Carts the following options. If you particularly if your child has a bankruptcy, outstanding judgment
are married and own your home
or undergoes divorce. The worst risk, however, is if, God forbid,
Please Drive Carefully! together, your surviving spouse your children die with you in a common accident. There would
then need to be probate for your children and for you.
will not have probate; however,
The best way to avoid probate on your home is to do
there will be probate when the
second of you passes away, unless one of these options is done. a Revocable Living Trust. When you sign the Revocable
Let us assume that you own your home jointly with your spouse Living Trust Agreement, you also sign a Deed transferring
and that you have two children. Both of you desire to have your the property to you as Trustees of your Trust. You are able to
two children inherit your home equally when you both pass away. keep your homestead exemption, maintain complete control
The first option would be to add the names of your two of the property during your lifetime and make amendments
children to the Deed as joint tenants with right of survivorship. to your Trust without changing the Deed. There are no risks
This is not a good idea. It would affect your ability to claim involved, since your children’s names do not appear on the
your full homestead exemption. In addition, you lose control Deed. The only disadvantage of the Revocable Living Trust
of your property and can only sell it if your children both agree is that it will cost more money in attorney’s fees. When you
and sign all closing documents. If you wanted to take one of discuss the options with your attorney, you should discuss
the children off the Deed, you would be unable to do so. If one the difference in fees between the Revocable Living Trust
of your children files for bankruptcy, has an adverse judgment and the Enhanced Life Estate Deed. You can then determine
or files for divorce, your property could be subject to liens or whether it is worth saving the money and taking the risks
Meridiana At Boca Pointe other legal action. Therefore, I recommend against a Deed involved in the Enhanced Life Estate Deed.
Please feel free to call me for a free personal or phone
with your children as joint tenants with right of survivorship.
Seasonal Rental $5,000 The second option is a Life Estate Deed. There are two consultation regarding any issues pertaining to Wills, Trusts,
minimum of 4 months types of Life Estate Deed: regular and Enhanced (also referred Deeds, Probate, Power of Attorney or Health Care Surrogate.
Beautiful one level villa for 4 month to as Lady Bird). Both designate your children as having the I am also available for a free consultation regarding personal
seasonal rental. Corner unit, walk to residuary interest when you both die. The regular Life Estate injury claims or to explain car insurance coverage. Call me at
Deed requires that your children join in any sale or other 954-569-4878. My address is 3275 W. Hillsboro Blvd., Suite
pool. Club membership optional. Very changes on the Deed; therefore, you have lost control and 204, Deerfield Beach, Florida 33442. My website is www.
bright, open, beautifully furnished. cannot take your children’s name off the Deed if you choose martinzevinpa.com and my e-mail address is martinzevin@
Call Georgia (561) 403-9371 to do so. The Enhanced Life Estate Deed gives you the sole netzero.com.
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