Page 6 - Southern Exposure - July '22

Page 6, Southern Exposure

it’S the law!

Did You Know That, In Florida…

By Adam S. Gumson, Esq.

Adult guardianship is years ago or 2) the probate assets do not exceed $75,000 in buyer for the current market value and the net sales proceeds
the process by which the value. The court doesn’t appoint a personal representative are equally divided.
court finds a ward’s ability to (executor or administrator) for the estate, but instead issues Jupiter Law Center is a private neighborhood law firm
make decisions so impaired an order releasing the property to the beneficiaries who are located in the RiverPlace Professional Center, 1003 W.
that the court appoints a entitled to it. It is far quicker and less expensive than a formal Indiantown Road, Suite 210, Jupiter, Fla., (561) 744-4600,
guardian to make decisions probate proceeding. jupiterlawcenter.com. The firm provides peace of mind by
for the ward. Guardianship A seller in a real estate transaction may sign a limited solving problems with integrity and compassion in the areas
is only warranted when power of attorney, which authorizes someone else to sign of estate planning (wills and trusts, powers of attorney, health
the court does not find a closing documents. The document should state the specific care surrogates, living wills, probate estates, succession
less restrictive alternative powers the seller is granting to the attorney-in-fact, the seller planning, contracts and purchase/sale agreements), family
available (such as a durable must sign it in the presence of two witnesses, and it must be law (divorce, paternity, child support and time sharing,
power of attorney, health properly notarized. alimony, property distribution, modifications, collaborative
care surrogate, trust or other form of pre-need directive). If the divorcing spouses can’t agree on how to distribute law, pre/post nuptial agreements) and real estate (community
Summary administration is a probate shortcut that can their marital residence, the court may be asked to partition association law, residential and commercial transactions,
be used in Florida if 1) the death occurred more than two the residence and, in such case, may direct that it be sold to a deeds, closings).

Southern SPotlight from page 5

About Palm Beach North Chamber Of
Commerce
The Palm Beach North Chamber of Commerce
is one of the largest and most active business
organizations in Southeast Florida. Serving
businesses in the 10 municipalities that make up Palm
Beach North, the chamber fosters a partnership of
private, public, educational and civic organizations
working together to ensure Palm Beach North is
Florida’s “Prosperity Coast.” The chamber’s four
strategic imperatives are: a prosperous economy, Gaeta Chairman’s Award Small Business of the Year – Forming Brands.
high quality of life for all residents, a smart and of Excellence – Michael Pictured: Noel Martinez; James Garvin, Forming
connected region, and regional leadership. For more Mitrione, Gunster Law Firm Brands; Keith Douglass, Professional Bank Tim Burke, Jessica Clasby
information visit www.pbnchamber.com. and Stephanie Mitrione, FPL (award sponsor)

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