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Monthly Archives: September 2017
The Role of Digital Assets in Your Estate Plan
Digital technology is a part of daily life for everyone, even those that did not grow up using it, or perhaps even contemplating its existence. In fact, digital technology is so pervasive in modern society that it is now an integral part of any comprehensive estate plan. If a person thinks about it, some… Read More »
Why Single Seniors Are Most in Need of an Estate Plan
As a person enters his/her retirement years, unexpected and significant shifts in his/her social circles, both core and extended, occur more often than many people think. Moving to a new place, the death of a spouse, and divorce are all issues that can drastically alter a person’s support system and financial resources. In this… Read More »
Are Trusts a Good Way to Overcome Medicaid Income Limits?
Many people will prepare a comprehensive estate plan as well as essential medical documents, but overlook the importance of preparing for the possibility of long-term nursing home care. The average daily cost for nursing home care in Florida is now $293.33, or approximately $8,800 per month. The Medicaid Institutional Care Program (ICP) can be… Read More »
Medical Decisions and the Incapacitated Patient
The need for advanced planning by seniors concerning end-of-life medical intervention and decision-making authority as part of a comprehensive estate plan can never be overemphasized. No one wants to face a situation where there is no clear authority on who is to make decisions on medical care and the extent of medical care an… Read More »
Estate Planning Strategies for Second Marriages
Remarriage in the later years of life is not as uncommon as it once was. As people are living longer and healthier lives, people are more willing to enter into new marriages post-retirement. While this situation is great personally, it can create issues from an estate planning perspective. Children born in the first marriage… Read More »
