News & Resources
Last week, Olive Judd, P.A. closed three real estate transactions totaling $19,552,400 in a 48-hour period. Benjamin Olive, Nicole Villarroel, and Stephen Hoffman each closed significant transactions despite the coronavirus pandemic.
How Legal Meetings and Proceeding are Occurring Online During COVID-19 Stephen Hoffman lead a team which successfully obtained approval of a land use application from the Town Council of Southwest Ranches on April 9, 2020. Due to isolation rules in place by the Town and Broward County, the Town of Southwest Ranches conducted the Council Meeting virtually using the Zoom platform. Question: How did the virtual meeting work? Stephen: It worked excellent! I had a slight issue logging in (which elevated my heart rate a bit!), but once we got started the hearing worked well. The Town did an amazing […]
OLIVE JUDD LAWYERS ON THE FRONT LINES IN ASSISTING CLIENTS OBTAINING PAYROLL PROTECTION AND ECONOMIC INJURY DISASTER LOANS
On Friday, March 27, 2020 Phase III of the CARES Act was passed. This economic relief package was enacted in response to the COVID-19 pandemic and is intended to provide economic support to businesses, employees, individuals and families at the Federal level. On April 3, 2020, lenders started taking applications for the Payroll Protection Program from borrowers. Olive Judd, P.A. has already assisted clients with submitting these applications in order to maximize their loan amounts. Olive Judd, P.A. is advising businesses and individuals on how the CARES Act programs can help them during the COVID-19 crisis.
By Stephen Hoffman and Nicole Villarroel Broward County issued a “shelter in place” Emergency Order effective March 27, 2020 due to the COVID-19 crisis resulting in a high level of uncertainty for buyers, sellers and lenders as to whether they can close their residential and commercial real estate transactions. Parties to real estate transactions must close timely to prevent forfeiture of deposits, losing favorable financing terms and/or meet stringent deadlines to effectuate a 1031 tax deferred exchange. The impact of COVID-19 crisis on real estate and mortgage loan closings changes almost daily. We have implemented policies and procedures to allow […]
There are many reasons why a donor would want to contribute encumbered property to charity. Perhaps the property is perfect for the needs of a particular charity, or this may be the only property a donor owns that he is willing to donate. Whatever the reason may be, before a donor decides to donate property that is encumbered to charity, he should consult with a professional to determine the potential tax ramifications of the donation. For instance, assume Donor purchased a parcel of real property years ago that was used for business purposes. Over the years, Donor sold the property […]
Dissociating from a Multi-Member Limited Liability Company under Florida’s Revised Limited Liability Act
DISCLAIMER — This is not an advertisement. THIS IS NOT LEGAL ADVICE. Nothing contained herein shall be deemed or construed to create an attorney-client relationship. You should seek independent counsel to advise you regarding your specific situation, and IN NO EVENT ARE YOU TO RELY ON ANYTHING CONTAINED HEREIN FOR ANY PURPOSE. Dissociating from a Multi-Member Limited Liability Company under Florida’s Revised Limited Liability Act Florida’s Revised Limited Liability Act (the “Act”), codified in Florida Statutes Chapter 605, became effective on January 1, 2014. It applies to all limited liability companies formed or registered to do business in Florida after […]
Often when you hear “estate planning,” you think of planning for what happens after your death. Unfortunately, planning for sickness or disability during life is sometimes overlooked. There are several documents that are crucial to have in place in the event you become temporarily or permanently unable to make (or verbalize) decisions related to your health and finances, namely: (i) Durable Power of Attorney; (ii) Health Care Surrogate; (iii) Living Will; and (iv) HIPAA release. Durable Power of Attorney. A power of attorney is a legal document that gives someone of your choosing (family member, friend, trusted advisor) […]
Partner Ben Olive Gives Presentation on King Tides and Florida Real Estate Law to South Florida Leaders
On October 17, Partner Ben Olive gave a presentation on the legal implications of rising sea levels and seasonal flooding for the Fort Lauderdale real estate market. The event was held at Florida Luxurious Properties, a Fort Lauderdale real estate firm. Titled “King Tide 2016: A Glimpse At What South Florida’s Future Could Look Like,” the presentation was coordinated by Colin Polsky, PhD, Director, FAU’s Florida Center for Environmental Studies and was attended by Hon. Ted Deutch, U.S. Congressman for Florida’s 21st District; Hon. Chip LaMarca, Commissioner for District 4, Broward County; Hon. Beam Furr, Commissioner for District 6, Broward […]
On October 14, 2016, Partner Stephen Hoffman was a guest on the “Philip Bell Legal News and Review Radio Show.” Mr. Bell hosts this award-winning weekly radio show devoted to legal news and issues with attorney, Michael Santucci. The show is broadcast locally on 1230 WBZT and nationally on IHeart Radio. Steve was invited to speak on real estate and land use topics. Mr. Bell and Mr. Santucci interviewed Steve about the major land development projects he has worked on along with current issues relating to Florida real estate law. You may listen to Steve’s segment below, or save a […]
After the shock of Prince’s unexpected death, it was discovered that he did not have a Last Will and Testament. This raises a host of issues for his estate, from valuing assets to determining the ultimate beneficiaries. The most important issue (at least in his case) may be control: Who will control the legendary “vault” that stores hundreds of unreleased songs? Because Prince closely maintained control and ownership over the rights to his music during his lifetime, it is astounding that he did not properly plan for protecting his most prized asset. When a person dies without a Last Will […]