Category archives: Asset Preservation
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5 days ago
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We are often asked by clients how complicated it is to administer a trust. Our answer is that administering a trust is a formal, fiduciary process that can be a difficult task for a Trustee, the person who manages the administration.
Numerous detailed and precise steps are legally required by Flo... [read more]
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3 weeks ago
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We're often asked by clients how they can avoid or limit tax consequences for their family and loved ones through Estate Planning. Our answer is that part of our comprehensive and customized approach to working with our clients is to find opportunities to minimize tax liabilities that can include li... [read more]
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2 months ago
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A question we are asked regularly by new and potential clients is how they can prepare for a meeting with one of our Elder Law Attorneys. Our answer is: first, think about your goals, and identify what you'd like to accomplish; second, generate a list of any questions you'd like the attorney to answ... [read more]
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2 months ago
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We're often asked why someone needs an Estate Plan from an Elder Law Attorney when there are so many do-it-yourself Wills and Estate Planning documents readily available. Our answer is that as in addition to staying current with all relevant Florida Statutes that may affect our clients and their fam... [read more]
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2 months ago
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While long-term care insurance costs are up in general, some policies are going down in 2018, according to the 2018 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance (AALTCI), an industry group.
A married couple who are both 60 y... [read more]
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2 months ago
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We are often asked by caregivers how they can manage their duties of helping the seniors in their lives and be prepared to meet the needs for their futures too. Our answer is that depending on their situation, we can help them better manage their vital caregiving roles and protect themselves with ap... [read more]
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2 months ago
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Valentine’s Day is the perfect time to express gratitude for your family and friends. Our office wishes you and your loved ones all the best today, and throughout this beautiful early spring in North Florida!
We are grateful to be a part of your community and to have to the opportunity to help fa... [read more]
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4 months ago
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We're often asked what it means to be an Elder Law Attorney, and if it is the same as being an Estate Planning Attorney. Our answer is that while Estate Planning is an important aspect of Elder Law, an Elder Law Attorney is concerned with much more than just creating Wills and Trusts. Elder Law Atto... [read more]
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4 months ago
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We are often asked by clients if they need to establish a Qualified Income Trust to be eligible for Medicaid so they can cover the high costs of long-term nursing home care. Our answer is that if their gross monthly income exceeds the current limit of $2,205, a Qualified Income Trust (also called a ... [read more]
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5 months ago
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We are often asked by clients if they need a will or a trust. Our answer is that decision depends on their individual and family situations and goals. One main advantage to a trust is that it helps avoid probate and the costs and public exposure that can come with that legal process.
Many clients... [read more]
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6 months ago
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We are often asked by caregivers how they can protect a loved one's home, if they need to have skilled at-home or nursing home care and cannot afford the high costs to cover these services or facilities. Our answer is that with appropriate legal strategies we can help them get financial assistance t... [read more]
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6 months ago
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We are asked regularly about how to cover the high cost of nursing home care. This is a serious concern for many, as it appears that these costs for skilled care continue to rise: www.floridaelder.com/nursing-home-costs-rise-sharply-2017/. Fortunately, with proper planning, there are ways to prepar... [read more]
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