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Category Archives: Elder Law

EstatePlan7

Choosing the Right Trustee

By William Rambaum, P.A. |

Putting together an estate plan can be quite complicated, especially if a person owns a number of different assets and/or has many heirs/beneficiaries. One common feature of more complex estate plans involves the creation of trusts to achieve goals related to maintaining privacy, avoiding the costs of probate, tax planning, deferred distributions, provisions for… Read More »

GrayDiv2

Can You Disinherit a Spouse or Child?

By William Rambaum, P.A. |

When people think about putting together an estate plan, most focus first on how to adequately provide for their spouse and/or children. However, for a number of reasons, a person may desire to leave his/her spouse or child out of the estate plan. Not only is this approach against societal norms, it is also… Read More »

FathSon

Taking Over the Affairs of Declining Elderly Parents

By William Rambaum, P.A. |

With the ease of communication and travel, people are no longer tied to a desk or a particular location for work. This reality means more and more people are moving away from family and friends, creating significant relational and legal issues if an elderly parent starts to decline, and is no longer capable of… Read More »

Medicaid2

Federal Court Decision Could Sink Florida’s Medicaid Plans

By William Rambaum, P.A. |

Healthcare is expensive, regardless of the stage in life in which a person finds him/herself needing medical care. For those that need around the clock care in a nursing home, Medicaid is the source most turn to in order to pay the extremely high cost. Health being unpredictable, knowing when admittance to a nursing… Read More »

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Avoiding the Stress of Probate

By William Rambaum, P.A. |

When someone dies, typically, they will have some amount of property that needs to be distributed to new owners, hopefully through an established estate plan. Depending on the type of property involved and the overall value, the law may require the family to go through the probate process before a transfer of assets is… Read More »

ElderLaw3

Nursing Home Planning When a Crisis Hits

By William Rambaum, P.A. |

No one has the goal of entering a nursing home when a major health crisis hits, but such events can occur at any time. Prudent planning in advance of this need, i.e., before a person meets the medical qualifications, can make it possible to qualify for Medicaid immediately upon learning that long-term care is… Read More »

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Why Do-It-Yourself Estate Planning Is Not the Answer

By William Rambaum, P.A. |

As the deadline for filing income taxes fast approaches, people are forced to take stock of what they own, and perhaps start to ponder what to do with this property once they are gone. Proper estate planning takes careful consideration of one’s goals and legal options, which can only be fully understood under the… Read More »

AssetP3

The Method and Purpose of Freezing Trust Assets

By William Rambaum, P.A. |

Trusts are an increasingly popular way to protect and distribute assets to loved ones after death. Once a trust is established, the person charged with managing the trust property, the trustee, holds a high level of responsibility to treat these assets in a manner that best protects the interests of the beneficiaries. Given the… Read More »

Medicaid

State Considering Changes to Medicaid Eligibility

By William Rambaum, P.A. |

Figuring out how to pay for long-term and expensive medical care is a stress and concern for millions of Americans. Seniors, though, are at a much higher risk of needing this type of intensive care within a relatively short time frame due to the infirmities that come with aging. Medicaid is one answer to… Read More »

EstatePlanning2

Florida’s Homestead Law and Estate Planning

By William Rambaum, P.A. |

People are drawn to Florida for a variety of reasons, and one reason related to the purchase of real estate is the state’s homestead law. Florida law allows generous tax exemptions (up to $50,000) to homeowners, and protection from creditor claims and forced sales in bankruptcy, often referred to as unlimited homestead protection. People… Read More »

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