Inheriting a home in Florida can be both a gift and a responsibility. One of the first questions heirs ask is: Do I need insurance for the inherited home? The short answer is yes—keeping proper insurance in place protects the property, the estate, and you from costly...
If you’ve inherited a Florida home, you’re probably asking two urgent questions: What tax breaks or exemptions do we qualify for, and what do we need to file (and when) to keep them? Good news: Florida offers several powerful protections and exemptions for...
When you inherit property with siblings or relatives, it’s common for one person to want to keep the home while others prefer cash now. The good news: buying out other heirs—or being bought out yourself—is absolutely possible in Florida, and often the cleanest path to...
Inheriting a home with siblings or other relatives can be a blessing—and a challenge. One heir wants to keep it, another wants to rent it, a third wants cash now. If you’re stuck at a standstill, you’re not alone. Below is a clear, Florida-focused roadmap to help you...
Quick Answer Yes—there are several types of exemptions and tax breaks that may apply to spouses, children, and other family members who inherit real estate. The big categories include property tax exemptions or reassessment exclusions, estate/inheritance tax...
