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Tag Archives: Oldsmar Elder Law Attorney
Why Everyone Needs to Consider Asset Protection
The general goal of thoughtful and carefully-crafted estate plans is to leave a legacy to those left behind that represents the hard work performed by the deceased to amass the assets left to distribute and to ease the financial burden of loved ones once a person is gone. Proper estate planning documents are vitally… Read More »
Asset Transfers Related to Medicaid Qualification
Entering a nursing home is a decision few people consider lightly or happily, but it is one of the potential realities of growing older. Few can afford to pay the staggering costs of nursing home care without assistance, and most people turn to Medicaid to provide financial assistance to help cover this expense. However,… Read More »
The Pros and Cons of Probate
When friends and family learn someone is thinking about an estate plan, it is not uncommon to hear a lot of conflicting advice. Some people will say an estate plan is unnecessary and not worth the expense. Others will argue in favor of either setting up a trust or just sticking with a will…. 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 »
Using a Trust to Protect Assets and Paying for Nursing Home Care
The autonomy individuals enjoy as adults is easy to take for granted, but if someone is concerned about retaining control over their life and living situation into their later years, advanced asset protection planning is needed. Finances are a concern for almost everyone, and making sure there is enough money to cover medical and… Read More »
Planning for Long-Term Nursing Home Care
As people age, many face the realization that a time may come when they will no longer be able to care for themselves due to physical or cognitive issues. A skilled nursing home, whether for a few months or indefinitely, may be necessary if daily medical care is required. This realization can be difficult… Read More »
Documents Adult Children Need to Help Aging Parents
Estate planning is about more than who gets the family china when someone dies. What happens during a person’s life also needs consideration. As people age, at some point, many realize they need assistance to deal with daily life issues. Florida, being home to many retirees, has a large segment of its population that… Read More »
How Trusts Can Protect You and Your Family
Accumulating and preserving assets to pass on to the next generation is a goal of many parents. A number of alternative legal and financial arrangements can be employed to minimize or eliminate unnecessary costs, and maintain flexibility in the investment and management of the assets. One option that is often used is a Trust…. Read More »
How Probate Impacts Your Estate Plan
Choosing the right estate plan is one of the most important decisions a person can make, and one that will have long-term repercussions for surviving family members. Probate is a legal proceeding to finalize someone’s affairs after their death. The purpose of a probate proceeding is for the court to identify the applicable Will… Read More »
The Importance of Planning for Guardianship
Making important life decisions on issues such as where to live and how to spend one’s money is a measure of autonomy that adults generally take for granted. The ability to exercise such control reflects the commonly-accepted belief that adults have the experience and knowledge necessary to make these decisions in a reasonable manner…. Read More »
