Serving on Your Community Association’s ARC, ACC, or ARB? Take Note to Whom Your Fiduciary Duties Are Owed [2/21/2021]

Article Courtesy of  The National Law Review By Allen N. Trask and Amy H. Wooten Published February 21, 2021 Residents of planned communities often must obtain approval prior to making any modifications to their homes and lots. Through their declaration …

Why Financial Planners Need to Understand Modern “Irrevocable” Trusts

By Bakalar & Asociates, PA Many financial planners have been ill advised regarding the modern benefits of Irrevocable Trusts.  Traditional Irrevocable Trusts pose several historical problems which include: 1.         Requirement for a new EIN number from the IRS for income …

HOA Policy Enforcement for a Happy and Harmonious Community

Article Courtesy of  VENDORSMART Published February 19, 2021 A community meeting with people grasping hands in a team effort How can your board enforce your policies for the good of your HOA or condo association? As a condo or HOA …

Legal Reasons to Challenge a Will

Every person should have a legal will that dictates the wishes of the one who wrote the legal document. This document is considered legal and binding after the person dies. Sometimes, others attempt to challenge a will for several different …

Citizens home insurance policies soar in Central Florida; higher costs could hit all our pocketbooks

Article Courtesy of The Orlando Sentinel By Trevor Fraser    Published February 11, 2021 State-run Citizens Property Insurance is sounding alarm bells over their rising number of policies it holds in Orange, Osceola, Seminole and Lake counties.  CEO Barry Gilway says Florida’s overall …

Some mortgage companies misled borrowers about forbearance, regulators say

Article Courtesy of Bankrate By Jeff Ostrowski Published February 9, 2021 Some mortgage firms gave homeowners “incomplete or inaccurate information” about a federal law designed to prevent a spike in foreclosures, a federal regulatory agency says in a new report. The findings …