Category archives: North Florida
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5 years ago
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The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2019 income as a result of buying long-term care insurance.
Premiums for "qualified" long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with oth... [read more]
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5 years ago
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Most special needs trusts (SNTs) are set up to benefit one individual. But it’s possible to contribute to a trust where the funds of many people with special needs are “pooled.” This kind of trust, called a pooled or (d)(4)(C) trust, may be a better option for some people than the conventional SN... [read more]
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5 years ago
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One question that we're often asked by clients is how they can protect their family's privacy and avoid a costly probate process.
Our answer is that summary and formal probate administration can be a long and expensive court process, and we can use a number of Estate Planning tools to avoid proba... [read more]
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5 years ago
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The older the population gets, the greater the potential for elder abuse. States have laws in place designed to combat elder abuse, but some states are doing a better job than others. The consumer finance website WalletHub researched the protections in place in all 50 states and the District of Colu... [read more]
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5 years ago
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A durable power of attorney is one of the most important estate planning documents you can have. It allows you to appoint someone to act for you (your "agent" or "attorney-in-fact") if you become incapacitated. Without a power of attorney, your loved ones would not be able to make decisions for you ... [read more]
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5 years ago
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If you are paying for your own insurance, you may think you do not need to sign up for Medicare when you turn 65. However, not signing up for Medicare Part B right away can cost you down the road.
You can first sign up for Medicare during your Initial Enrollment Period, which is the seven-mon... [read more]
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5 years 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 online. Our answer is that in addition to staying current with all relevant Florida Statutes that may affect our clients and their... [read more]
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5 years ago
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A question we're often asked is how parents can make sure that their minor children are provided for in the event that they cannot care for them due to incapacity or death.
Our answer is that this is an incredibly important consideration and that, in addition to having their own Advance Directive... [read more]
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5 years ago
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A new report suggests that many people with disabilities will unfairly lose Medicaid coverage as a result of a new requirement in some states that Medicaid recipients work for their benefits.
For millions of people with disabilities, Medicaid is a lifeline. Even short interruptions in coverag... [read more]
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5 years ago
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If you, or a senior is your life, are looking for a great community resource, you'll find that the Shepherds Center has much to offer.
Many classes and activities are detailed in their current newsletter that you can access by clicking on the following link: Shepherd's Center Newsletter
Accord... [read more]
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5 years ago
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We're often asked by parents if when their child turns 18 year old, and goes away to college, they will they be able to access information and make important decisions for their children when necessary.
Our answer is that while your child transitions into adulthood they may need your help with im... [read more]
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5 years ago
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For many parents, the majority of their savings is held in some kind of a retirement account, often an Individual Retirement Account (IRA). At age 70 1/2, an IRA account holder faces the Required Beginning Date, when he or she must take mandatory distributions from the IRA. These payments are determ... [read more]
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