How to Officially Become a Florida Resident

Norton Hammersley Estate Planning, Real Estate Law

With no state income or inheritance/estate tax, Florida is becoming a preferred destination for more than 330,000 individuals annually.If you are thinking about or have just made the move follow these steps to confirm and establish your legal domicile in Florida. We are often asked how to become a Florida resident, or how to maintain that residency. This decision can …

Peter Skokos joins the board of the Sarasota Military Academy

Norton Hammersley Firm News

Norton Hammersley partner Peter Z. Skokos has been named as a board member for the Sarasota Military Academy in 2021. Peter will enhance the governance, diversity and leadership of Sarasota Military Academy and add new ideas to the organization. Founded in 2002, Sarasota Military Academy (SMA) is a nonprofit, tuition-free, public charter school with two unique campuses offering Quality Academics, …

Norton Hammersley teams up with All Faiths Food Bank

Norton Hammersley Firm News

This has been a trying year for everyone but even more so for families in need.  NHLS has decided to team up with All Faiths Food Bank to create a virtual fundraiser “Turn an empty plate into a ThankFULL tummy””.  The holidays are almost here and although some of our gatherings may look different this year, most of us will …

Sarasota County to vote on continuance of tax exemption program for business incentives

Norton Hammersley Business & Corporate Law

Sarasota County residents will be able to vote on the Economic Development Ad Valorem Tax Exemption renewal during the Nov. 3 general election and also during early voting, An ad valorem tax is a tax based on the value of land or buildings on real estate or personal property and reflects the fair market value. The ad valorem property tax …

Lakewood Ranch record sales again in August

Norton Hammersley Real Estate Law

Although COVID-19 seems to be not going anywhere soon many buyers have noted that COVID-19 has accelerated life plans to set their roots in an environment that affords a more active and connected lifestyle. Lakewood Ranch’s vast green space, amenities, and vast array of modern floorplans has become very attractive to those seeking to escape urban centers. The luxury market …

Low Inventory Generates Sarasota’s Strongest Seller’s Market in 15 years

Norton Hammersley Real Estate Law

Homes and Luxury Homes in Sarasota are selling big right now — something one might not expect in times of social distancing and widespread unemployment. But the COVID-19 pandemic has had a surprising effect: lowering interest rates. It has created low inventory in the housing market. And it has eliminated the “just looking” crowd. How low will interest rates go? …

Establishing Florida Domicile for Income and Estate Tax Planning Purposes

Norton Hammersley Announcements

Florida is attractive to residents living in higher tax locales, as one of only seven states without an income tax or state level estate/inheritance tax.  However, establishing Florida domicile is no longer a simple process, as more aggressive tax collection by other states has raised the bar on what steps are required to truly relocate to the Sunshine State.             …

Is it the right time to buy during the pandemic?

Norton Hammersley Real Estate Law

To say COVID-19 has impacted the market is an understatement but the big question may be Is buying a home in the wake of the COVID-19 pandemic a good idea? It depends! Due to historically low interest rates buying a home might be a wise choice and the right thing to do even now. If you have the desire to …

CARES Act for Individuals

Norton Hammersley Announcements

The Coronavirus Aid, Relief and Economic Security (“CARES”) Act The Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), became law on riday, March 27, 2020. This memorandum provides an overview of CARES Act programs that may be applicable to our individual clients. If you are a business owner please contact us for additional firm publications as there are …

CARES Act for Businesses

Norton Hammersley Announcements

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. As a part of the initiative, the Paycheck Protection Program was included within the Act to provide $350 billion in emergency loans to small businesses. In general, the loans can be utilized by small businesses to pay for such things as payroll, …