Estate Planning Basics: Will You Qualify for Medicaid?

If you need long term care and cannot afford private medical insurance, you’ll need to apply for Medicaid. Medicaid is a health care program that is run and administered by federal and state governments. It is essentially designed for low-income American citizens who are disabled or aged 65 and above. Here is everything you need to know about Medicaid eligibility and whether you qualify for the program.  Medicaid Read More

Understanding the Role of the Personal Representative in Probate

A personal representative is one of the key figures in probate proceedings. In this formal process overseen by the court, a personal representative plays a crucial role in managing the deceased person’s estate. An effective personal representative may ensure that the decedent’s assets find their way to the appointed heirs and beneficiaries without any unnecessary delays. Since probate proceedings can be Read More

3 Lesser Known Florida Trusts and How You Can Benefit from Them

Trusts are excellent estate planning tools. Their main advantages lie in their flexibility and versatility. A person’s assets and money can be organized in different kinds of trusts according to that person’s individual needs, family situation, and estate planning goals. In this article, we will present a brief overview of 3 trusts available to Florida residents that may be lesser-known but can provide enormous Read More

3 Benefits of Having a Will in Place

While most people adequately plan and manage their daily affairs, however, many fail to make adequate arrangements related to the distribution of their property after their passing. For example, according to statistics, as much as 60% of Americans have no valid Will in place. A Will is an essential estate planning document every adult should prepare - regardless of their age or the value of their property and assets. Read More

A Brief Overview of Life Insurance Trusts

Just like tools in a toolbox, legal instruments related to estate planning can be simple and versatile - like Wills or Powers of Attorney - or complex and precise, allowing a person to achieve specific goals related to the unique circumstances of their estate. Life insurance trusts are one of the more advanced estate planning instruments. Read on to learn what they are and in what circumstances it may be useful for Read More

3 Ways You Can Minimize Your Estate Tax

One of the primary reasons to create an estate plan is to ensure that a person’s wealth will be swiftly and effectively transferred to their heirs. The estate tax, however, can often get in the way of fulfilling this goal by reducing the amount of wealth the deceased person’s family members will receive.  The estate tax is a federal tax levied against the net value of a decedent’s estate owned at the time of their Read More

A Brief Guide to the Probate Appeals Process

When a deceased person’s Will and estate go to probate, parties who have some financial or personal interest in the estate may not always be completely satisfied with a court’s decision regarding various aspects of the process. If you disagree with how matters have been handled with regards to a probate issue you or your family member have been involved with, you may resort to the probate appeals process. In this Read More

Don’t Put it Off: Why You Need a Will, Even If You’re Young and Healthy!

More than half of Americans don’t have any of the essential estate planning documents such as a Will. There may be many explanations for this trend, but one of them likely lies in the current U.S. demographics. In 2019, Millennials are projected to overtake Baby Boomers as America’s largest demographic. Currently, they constitute about a quarter of the total U.S. population. And a grand majority of Millenials - up to Read More

Elder Law: How to Protect Your Loved Ones as They Age

As parents get older and enter into their seniors years, their adult children become acutely and somewhat painfully aware that the people who cared for and protected them for the most of their lives now require tender care and loving protection themselves. Sadly, the particular challenges related to old age - such as physical infirmity, emotional frailty, or dependence on others to name just a few - can make the Read More

Estate Planning 101: What Happens if You Pass Away Without a Will?

A Will is one of the most important documents you can prepare in your adult life. It constitutes the basis of every estate plan and as such is instrumental in securing your legacy and a stable financial future for your family after your passing. Yet, despite the enormous importance of this step, more than half of Americans don’t have any estate planning documents in place. This holds true both for ordinary people but Read More