The distribution of estate assets could be tricky because even before the administrator can distribute the assets to the beneficiaries according to the estate owner’s wishes, the estate has to cover certain debts and costs first. Understandably, this process might...
Jacksonville Estate Planning And Elder Law Blog
Estate planning strategies for business owners
Building a startup remains a dream for many. After all, who can deny the appeal of working for oneself while shaking up the marketplace? If all goes well, it is reasonable to expect that the business will far outlast the life of its creator. Thus, it is vital to have...
Methods of paying for assisted living
With advancing years comes infirmity. Eventually, putting your parents into an assisted living community may be the wisest. These residences are havens for those in need of continual care. Enrolling in such centers, though, can be expensive. There might be uncertainty...
Grounds for challenging wills in Florida
It is ideal for all interested individuals for the enforcement of a will and the distribution of assets to go smoothly. However, some circumstances can lead an affected party to worry about the will’s validity and force them to bring an action to the court. Proving...
Why is asset protection important?
Estate planning is the process of arranging your financial affairs and assets to ensure their smooth transfer to your heirs and beneficiaries after you pass away. Asset protection is essential to estate planning. It involves safeguarding your assets against various...
3 common myths about estate planning
For most people in Jacksonville, estate planning is something they rarely think about or do. Many people have never started their estate plan or even considered what they would want in a plan. So it's no surprise that there are a lot of misconceptions about estate...
What behavioral changes can indicate elder abuse?
When your loved ones enter a care facility, you expect the staff to provide quality care. Unfortunately, many people within vulnerable populations suffer neglect and abuse at the hands of their caregivers. Understanding the emotional side effects of abuse can help you...
What is the lookback period?
Medicaid is a government-based health insurance for lower-income individuals. To get these benefits, you must qualify under income guidelines. The state will consider assets when determining your eligibility. Many older adults want to get Medicaid benefits because...
Starting the conversation about estate planning with your parents
Several reasons might prevent your parents from taking a proactive approach to estate planning. Perhaps they feel there is not much of a need yet. Maybe they feel too overwhelmed. Or they could lack an understanding of how important it is. If you have concerns about...
How can you prevent sibling squabbles over your estate?
Sibling spats are bound to happen throughout the lifetime of said siblings. However, they sometimes boil out of control and quickly grow from little fights into enormous explosions. One common trigger for such explosive fights often comes in the form of a parent's...