Miami Office:
4000 Ponce de Leon Blvd
Suite 470
Coral Gables, Florida 33146

Phone: (305) 777-0482
Fax: (305) 675-3271

Boca Raton Office:
6111 Broken Sound Pkwy NW
Suite 330
Boca Raton, Florida 33487

Phone: (561) 443-7124
Fax: (561) 431-0419

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    The process of obtaining a court order requiring a person or agency to hold funds owed to someone who allegedly is in debt to another party.

    Generation Skipping
    Refers to a grandparent giving gifts to a grandchild through a trust, skipping the grandchild’s parent in the process. Originally used as a tactic to avoid or defer federal gift or estate taxes, a generation skipping tax is now incurred if made through a trust, while standard gift taxes apply if made directly, without a trust.

    Gift Tax
    A federal tax levied on gifts; some states also impose gift taxes. Gifts to family members may be given tax-free up to $10,000 per year per family member plus an additional $30,000 accumulation of gifts.

    Good Faith Estimate
    An estimate of closing costs that a lender is required, under the federal Real Estate Settlement Procedures Act, to disclose to a buyer within three days of a mortgage loan application.

    Grace Period
    A time stipulated in a contract during which a late payment or performance may be made without penalty.

    Graduated Payment Mortgages (GPM)
    Mortgages that begin with lower monthly payments that gradually increase over a number of years before eventually reaching a fixed rate and remaining there for the life of the loan.

    Grandfathered In
    Refers to the use of property as it was before certain restrictions or zoning ordinances were instated.

    A transfer of from one title holder (the grantor) to another (the grantee), with or without payment, as a deed, of which there are two types. A grant deed warrants, or guarantees, that the grantor has full title and right to the property, while a quitclaim deed only grants what the grantor owns, which in some cases, could be nothing, and comes with no guarantee.

    Free, or voluntary.

    A Latin term meaning “to weigh down,” refers to the basic idea underpinning every claim or charge in a lawsuit complaint.

    Gross Negligence
    Reckless disregard for the safety of others that appears in the eyes of the law to be a conscious violation of other people’s rights to safety.