Sheppard, Brett, Stewart, Hersch, & Kinsey, P.A. Attorneys at Law

Monthly Archives: December 2009

Mortgage Deficiency Judgments Against an Estate

If someone dies when their home, residence or other mortgaged property is “under water”, what should the personal representative of the estate do? Should they continue to make the payments on the property to keep it current until it sells? What happens if the sales proceeds are not enough to cover the mortgage note? Should [...]

Year End Gift Giving – Avoid Gift Taxes

Good riddance, many of us say, to 2009. But with the end of the year inevitably come questions about gifting and taxes. Most gifts to our loved ones are gift tax free, but you should know some basics before gifting anything of value to your children, grandchildren and other loved ones.
 The most that you can [...]