Page 7 - Lifestyles in Palm Beach Gardens - May '22
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Lifestyles in Palm Beach Gardens, Page 7
It’s The Law!
Did You Know That, In 1) Homestead exemption for real property tax purposes which With both distribution methods, each spouse receives
caps the owner’s tax liability; and 2) Homestead exemption
some share of marital property. The difference between
Florida… for asset protection purposes which prevents general creditors the two methods is how the court determines each spouse’s
(with a few exceptions) from forcing the sale of your principal share of marital property.
By Adam S. Gumson, Esq. residence to pay outstanding debt. Jupiter Law Center is a private neighborhood law firm
Re mote onl i ne An estate’s executor is referred to as a personal located in the RiverPlace Professional Center, 1003 W.
notarizations can be done, but representative (PR). Often, the PR applies for an Employer Indiantown Road, Suite 210, Jupiter, Fla., (561) 744-4600,
they aren’t easy. Florida Statute Identification Number (EIN) for tax filing purposes because jupiterlawcenter.com. The firm provides peace of mind by
§ 117.201 to 117.305 went into the person who died (decedent) is no longer the taxpayer – the solving problems with integrity and compassion in the areas of
effect on Jan. 1, 2020. These estate is – and, therefore, the decedent’s Social Security Number estate planning (wills and trusts, powers of attorney, health care
provisions authorize Florida is no longer a valid identifier. surrogates, living wills, probate estates, succession planning,
notaries to perform online In order to form a corporation, Articles of Incorporation contracts and purchase/sale agreements), family law (divorce,
remote notarizations after they must be filed in the office of the Department of State and at paternity, child support and time sharing, alimony, property
complete an application and least one person must be the incorporator. Corporations may distribution, modifications, collaborative law, pre/post nuptial
training course. An online be organized for any lawful purpose. agreements) and real estate (community association law,
notary may notarize an In a divorce action, there is no community property. Florida residential and commercial transactions, deeds, closings).
electronic signature. There is a lot of fine print though, so courts follow the doctrine of equitable distribution when
before setting up a remote will signing, understand the details. dividing marital assets, which means that the distribution of
There are two types of Florida homestead exemptions: assets is supposed to be “fair,” albeit not necessarily equal. Historical Seeds
Of The Gardens
The 1978 groundbreaking ceremony launched the start
of the PGA National Resort Community. Seen here are,
from left to right, J. Richard Ray, vice president of the
Manufacturers Hanover Mortgage Corporation; George
Hosey, vice president of the Manufacturers Hanover
Trust Company; E. Llwyd Ecclestone Jr., developer;
Bill Matazenbach, president of Manufacturers Hanover
Mortgage Corporation; and John Williams, executive
vice president of Manufacturers Hanover Mortgage
Corporation. By June 1977, Ecclestone had acquired
nearly 2,340 acres of land from John D. MacArthur, with
JULY 3 RD plans to develop it into a residential resort community. The
land was just west of the turnpike interchange constructed
6:00pm in 1965. He estimated a $500 million investment would
be needed to build his master-planned community. A total
of 6,900 homes were scheduled for construction over a
15-year period. The project also included an office park,
shopping center, and a light industrial area, as well as golf
JULY 4 TH courses. Manufacturers Hanover Mortgage Corporation
of Detroit, Mich., provided the construction loan of
6:00pm $16 million for the first phase of development for PGA
National Resort Community, the new permanent home of
The Professional Golfers’ Association of America.
For more seeds, see Images of America, Palm Beach
Gardens by Arcadia Publishing. The PBG Historical
Society’s mission is to collect, preserve and share the rich
history of the Gardens.
www.PBGHistoricalSociety.org
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