Are you moving to Florida and need title transfers or any real estate contracts or advice? You need a Florida Real Estate Attorney. Our Florida Real Estate attorneys at Oppenheim Law have a combined 75 plus years of collective legal experience. Call 954-384-6114

Oppenheim Law

2500 Weston Rd #209

Fort Lauderdale, FL 33331

954-384-6114

Why You Need a Florida Real estate Attorney
Since the pandemic began, relocating to Florida has accelerated. In fact, since 2014, Florida eclipsed NY, becoming the third largest state in population behind Texas and California. People are leaving the Northeast and relocating to Florida particularly for the climate and because Florida just so happens to be one of only seven states with no state income-tax.

Why Florida?
Prior to 2018, northerners in high-tax states like New York and New Jersey could deduct some of their income-tax by taking a state and local Tax (SALT) deduction. Due to the passage of the Tax Cuts and Jobs Act of 2018, the SALT deduction is now capped at $10,000.00. As a result, many people are moving to our Sunshine State.

It is not just individual homeowners that are leaving but also large corporations are considering Florida as their new hub. On December 13th, news broke that Goldman Sachs, one of the largest investment banks based in New York City, is considering moving its asset management operations and many of its other large divisions to South Florida, with Fort Lauderdale and Palm Beach County the most likely destinations. Several other investment firms such as Citadel and Blackstone have also recently boosted their presence in Florida, most seeking lower costs, warmer weather and, of course, a friendlier state tax code.

Besides the climate and taxes, there are other reasons why people continue to choose Florida home. While COVID-19 may have proved to be the final straw for families who were on the fence, many find that Florida is much less cramped than the large northern cities, provides access to style and culture to which they have grown accustomed, and has much more affordable housing. For the price of a one bedroom in Manhattan, you can own a single-family home within a short drive to cultural and financial meccas such as Miami, Fort Lauderdale, Tampa, Orlando, and Jacksonville.

To Do’s for Relocation
Should you decide to move to Florida, whether it be to take advantage of the tax laws or for any other reason, there are a few important steps you need to take in order to establish yourself as a Florida resident. First, make sure you update the DMV in your current state with your new Florida address and surrender any license plate tags once you have settled into your new home in Florida. Florida’s Department of Motor Vehicles requires to you register your vehicle within 30 days after establishing your Florida residency. Next, register to vote in Florida. Conveniently, you may apply for your Florida Voters Registration at the DMV when you are getting your Florida driver’s license and registration, or you can apply online.

After you close on your home, apply for Florida Homestead protections with your county’s property tax collector’s office. Many northern states have enacted laws that allow them to classify people who domicile elsewhere as “statutory residents” in order to collect taxes from people or businesses who have moved elsewhere. Some states even require former residents to file Nonresident State Tax Returns if there was any income generated from that particular state. As a result, you may also want to record a Declaration of Domicile in which you confirm that Florida will be your principal residence. This document further strengthens your position that Florida is your intended residence for income and estate tax purposes.

Finally, if you still have a financial connection to your prior state such as a corporate entity, you should speak with your accountants and attorney regarding transferring the corporation to Florida.
In addition to the steps above, there are a few tips to consider in order to establish domicile in Florida and effectuate a smooth transition:
• Spend over 6 months in Florida; and less than 6 months in any other State;
• Open a bank account at a Florida branch and use your account regularly;
• List a Florida address on your Federal tax return; and,
• Confirm that your Will, Trust, or other Estate documents comply with Florida requirements.

Our office can assist in making your transition to Florida as smooth as possible. The title professionals, at our sister company, Weston Title & Escrow, are here to help when you are purchasing a home and our attorneys are here to answer any questions you may have. On a personal note, I moved from New York City more than 33 years ago with my partner and wife, Ellen, so I look forward to guiding you should you decide to relocate to Florida. Should you have any questions, kindly call us at 954-384-6114 or e-mail us at contactus@oplaw.net.

Oppenheim Law
2500 Weston Rd #209
Fort Lauderdale, FL 33331
954-384-6114
https://www.oppenheimlaw.com 

Originally posted at:https://www.oppenheimlaw.com/a-change-of-scenery-the-migration-to-florida/ 

Real Estate Attorneys Serving Florida State 

Founded in 1989 by a husband and wife legal team, Oppenheim Law is uniquely positioned as one of Florida’s leading boutique law firms in Ft. Lauderdale, Florida, serving national, international, and local clients. We are one of the leading real estate law firms, but have diversified as experienced advocates in a wide range of areas. The Firm is proud to have the highest rating (AV) conferred by Martindale Hubbell® Law Directory, the most respected directory of lawyers and law firms in the U.S. In addition, the firm, through Roy Oppenheim, commands the highest rating from AVVO, a 10.0., the largest web-based attorney directory service in the U.S.

The Firm’s practice areas include real estate and business related matters, consumer rights, commercial litigation, foreclosure, employment and contract law, and health law. The Firm is counsel to a myriad of residential and commercial developers, and homeowners associations, coordinating all legal related matters. The Firm is also involved with various high-profile nationwide class actions on behalf of consumers.

Top Three Florida Real Estate Attorneys At Oppenheim Law
Roy D. Oppenheim

Leading real estate and foreclosure defense attorney, and recognized legal expert. FromFrom Wall Street to Main Street, Roy Oppenheim is a successful serial entrepreneur and attorney focusing on Florida foreclosure defense, Internet ventures and direct sales companies. He founded Oppenheim Law more than 20 years ago with his wife, Ellen Pilelsky, and uniquely positions the Florida.

Ellen B. Pilelsky

Ms. Ellen Pilelsky began her legal career at the Wall Street litigation firm of Liddle & O’Connor. Upon moving to Florida, Ms. Pilelsky was associated with the law firm of Thomson Zeder, where she continued to hone her litigation skills. In 1989, Ms. Pilelsky formed her own law firm, practicing civil litigation and family matters before joining her husband to form Oppenheim Law. Ms. Pilelsky continues to concentrate on commercial litigation and serves as outside counsel for numerous closely held companies.

Geoffrey E. Sherman

Looking to gain legal experience during his final year of law school at Nova Southeastern University, Geoffrey Sherman started working for Oppenheim Law as a law clerk. He quickly became a valued employee of Oppenheim Law while assisting in discovery research for a multi-district national class action lawsuit against DuPont. Teflon Products Liability Litigation, MDL No. 1733, 4:06-md-01733-REL-CFB, United States District Court, Southern District of Iowa, Central Division. 

CONTACT US

Oppenheim Law | Florida Real Estate Attorneys Handle:

• Residential Real Estate Transactions for Buyers
• Residential Real Estate Transactions for Sellers
• Lender Representation
• Real Estate Development
• Commercial Real Estate
• Commercial Landlord/Tenant
• Commercial Loan Workouts
• Home/Condo Owner’s Association Law
• Tax Liens and Tax Deed Certificates
• Breach of Real Estate Contracts
• Real Estate Agent/Buyer-Seller Disputes
• Real Estate Defense Law
• Forged Deed & Loan Documents
• Interpleader Litigation

Choose A Directory Below For Real Estate Attorneys Near You In The Surrounding Areas: https://www.oppenheimlaw.com/florida-real-estate-attorneys/ 

  • Entire State Of Florida
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