Adults may require guardians for financial or health matters
Adults may require guardians for financial or health matters
Court-appointed or chosen guardians may assist adults with physical or mental disabilities. Their assistance may include making financial or personal decisions. As noted on the Florida Courts’ website, the court may establish legal guardianship when an individual becomes severely impaired. By not drafting documents specifying ...
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3 common myths about Medicaid planning
3 common myths about Medicaid planning
When you require long-term care in Florida, Medicaid can help cover the costs. Many people have misinformation about how this assistance works. It is crucial to dispel any misconceptions to plan for your financial future. You can give away assets to meet the qualifications When ...
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When should you consider a pooled special needs trust?
When should you consider a pooled special needs trust?
As a Florida resident who has a child with special needs, you may have concerns about whether leaving money behind for that child may impact his or her eligibility for means-based government benefits. Having too much money available may hurt your child in the long ...
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Should homebuyers create estate plans?
Should homebuyers create estate plans?
The recent trend in the housing market has shown that supply is low, demand is high, and prices have reached a peak in a seller’s market. More young people have hit the market to buy their first home, which is a big step for many. ...
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When should you review your estate plan?
When should you review your estate plan?
When you first work on an estate plan, you may not realize one important factor: your maintenance will last longer than the creation of the plan itself. After the initial creation of the plan, you will have to continually maintain it throughout your life. But ...
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Have you planned for estate taxes?
Have you planned for estate taxes?
You work throughout your life to accumulate assets to (hopefully) pass on to your beneficiaries in Florida. Putting plans in place to avoid probate or settle liabilities prior to your death help to ensure the preservation of as many of those assets as possible. Yet ...
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Common estate planning mistakes to avoid
Common estate planning mistakes to avoid
Estate planning can be a burdensome task that you might rather avoid, but it is an essential part of preparing for the end of your life. Your will or trust ensures that your loved ones have everything they need after you pass. As you prepare ...
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How may I plan for Medicaid and keep my assets?
How may I plan for Medicaid and keep my assets?
Florida residents may qualify for Medicaid even if they have not yet turned 65. If you have a disability, however, you may apply for medical coverage regardless of age, as explained on the U.S. Government’s Benefits.gov website. If you currently care for a minor or ...
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Why should executors have good communication with heirs?
Why should executors have good communication with heirs?
If a parent has asked you to serve as the executor for your parent’s estate, you should know that you will have to communicate with estate beneficiaries concerning the estate. A failure to keep heirs in the loop could cause them to suspect you are ...
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How do you create an estate plan that succeeds?
How do you create an estate plan that succeeds?
When you decide to create an estate plan, it is important to create one with success in mind. You can do this by recognizing and knowing how to avoid some of the biggest mistakes others make when creating their own estate plans. You must first ...
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