Category archives: Asset Protection
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3 weeks ago
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With the recent and ongoing concerns about the coronavirus, as we shift into the fall, it remains clear that we are continuing to face an unprecedented public health crisis--one that is affecting many people of all ages, and from all walks of life. It has become tragically clear for many that Estate... [read more]
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3 months ago
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One of the greatest fears of older Americans is that they may end up in a nursing home. This not only means a great loss of personal autonomy, but also a tremendous financial price. Careful planning can help ease the financial burden.
Depending on location and level of care, nursing homes cos... [read more]
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3 months ago
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As many of us are preparing for the fall and family members going back to school, some people are experiencing the excitement of children or grandchildren starting college. Other adult children are perhaps entering the work force or traveling to enjoy a break from academic demands. Regardless of the... [read more]
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3 months ago
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The federal government has expanded access to protections for spouses of reverse mortgage holders who are not named in the loan document, allowing more such spouses the ability to stay in their home if the borrowing spouse dies or moves to a care facility.
A reverse mortgage allows ho... [read more]
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3 months ago
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When applying for Medicaid many people often forget about life insurance. But depending on the type of life insurance and the value of the policy, it can count as an asset.
In order to qualify for Medicaid, you can't have more than $2,000 in assets (in most states). Life i... [read more]
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4 months ago
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Some conversations are more awkward than others, and while discussing illness and death with our loved ones can feel uncomfortable, it is also important and helpful to do so.
A difficult part of life is that accidents, illnesses, and death are inevitable, and unfortunately often unexpected too. N... [read more]
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8 months ago
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Many employers offer critical illness insurance as part of their benefit package. What is this insurance and is it worth purchasing? Before paying for a plan, you should read the fine print and consider alternatives.
While a regular health insurance plan usually offers comprehensive coverage ... [read more]
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9 months ago
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Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options.
Long-term care – care in a nursing home or at home -- may be paid for in four main ways:
Out-of-pocket. If y... [read more]
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10 months ago
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In some circumstances, immediate annuities can be ideal Medicaid planning tools for spouses of nursing home residents. Careful planning is needed to make sure an annuity will work for you or your spouse.
An immediate annuity, in its simplest form, is a contract with an insurance company under... [read more]
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1 year ago
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A major concern many of people have is how they can make sure that their loved ones are taken care of in the event of their incapacity or death. A solution to this significant worry is by addressing your concern with proper Estate Planning. Our Florida Elder Law and Estate Planning Attorneys cre... [read more]
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1 year ago
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The Coronavirus pandemic has clearly affected all of our lives, and many people have found that this unprecedented public health crisis is an important time to address their Estate Planning needs. We agree with this decision to create or update essential documents in order for clients to protect the... [read more]
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2 years ago
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During this very challenging time, as we are all affected by the COVID-19 virus and are making efforts to reduce its spread, please allow us to remind you that we are here, actively practicing, and are staying in regular contact with our active clients on all pending matters.
We are taking ex... [read more]
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