Expatriation has become somewhat of a hot topic in recent years with the increased filing requirements that the Internal Revenue Service (IRS) imposes on their citizens living outside of the United States. Whether you lived in the U.S. for half of your life or you simply had the pleasure of being born on the other side [...]
A person is considered incapacitated when they have lost their ability to make important decisions, including those related to their assets or property. What happens to your Florida property if you become mentally incapacitated? Your loved ones may encounter significant problems when trying to sell or transfer your property. Under Florida law, the procedure called “guardianship” [...]
Pierre, a client of ours from Quebec, came to us with a problem. He owned a condo in Florida, and since Micheline recently passed away, he did not want to go to the vacation home anymore and wanted to sell it. The title ownership was in Micheline’s name alone, but her Quebec notarial will left [...]
The United States housing market crash of 2008 brought on heavy heartache, discouragement and depression to property owners throughout the country. If you are a Canadian resident who owns U.S. real estate in a corporation, there is an opportunity for you to benefit from this unfortunate crisis. One major disadvantage of holding U.S. property in a [...]
