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Videos from The Law Office of Ronald S. Webster

Over 3 Decades of Service in Southwest Florida

Mr. Webster has practiced law in Collier County with a principle office on Marco Island since 1986. His practice is limited to real estate, wills, trusts and estates, small business formations and tax issues arising out of these matters

Capital Gains Tax Defined

Whenever you realize a profit on the sale of real estate you may be subject to capital gains tax. If it is your primary residence you may be excluded. Rates vary based upon income levels.

Buy your next property in a Real Estate I.R.A.

With a few exceptions the process of purchasing real estate with your IRA is similar to purchasing other conventional investments with your IRA. Most folks are unaware how simply this process may be. The key is the property must be held for investment purposes and not simply a second home.

Do I need title insurance?

No one likes insurance premiums. Fortunately, title insurance is a one time purchase. However, in Florida it is not an option. It is a necessity!

Estate Planning

It may be time to update your estate plan. This may be accomplished through, Simple Wills with Trust Provisions, Living Wills, Durable Powers of Attorney, Florida Land Trusts and Living Trusts.

FIRPTA and the Foreign Seller

FIRPTA is an acronym for the Foreign Investment in Real Property Tax Act of 1980. It is a United States tax law that imposes a tax upon the gain of foreign persons disposing of United States real property interests. It supersedes all tax treaties that might otherwise provide exemption from tax such gains.

Florida Land Trusts in General

Florida Land Trusts are simple to create and are an excellent planning tool for residents and non residents alike. Often, they can be an excellent tool for foreign buyers as well. They offer a great deal of flexibility as well as a host of other benefits.

Making Florida Your Domicile

An individual may have many residences in different states, however, there are numerous advantages to becoming a Florida resident. In addition to no state income tax becoming a resident can also avail you to the many benefits of Florida Homestead Laws.

The Canadian Florida Land Trust

Canadian snowbirds are often frequent buyers of Florida real estate. However, there are many pitfalls and mine fields to be aware in the event of death or disability. With recent changes Canada Revenue Agency has made owning property in a corporation is no longer a viable option. If set up properly, a modified Florida land trust may be our Canadian neighbors best tool for owning property in the sunshine state.

The Essentials of 1031 Tax Deferred Exchanges

They say the difference between tax avoidance and tax evasion is approximately 5 years :) If you have investment property and plan to purchase another property with your proceeds, discover how you may legally avoid and defer capital gain tax.

ABOUT THE AUTHOR

Ronald S. Webster has practiced Law in Collier County with a principal office on Marco Island since 1986.
Contact Ron