As you choose someone to be the executor of your estate, you probably are thinking of the various qualities your pick should have. People want their executors to be loyal, ready to carry out their wishes, and also capable of handling the tasks of the position. In...
If you anticipate that someday you or a family member will need coverage for costs such as nursing home expenses, you should take a look at your income. You may not earn enough to pay for your long term care but your income is too high to qualify for Medicaid. This...
Although you might not realize it, you need an estate plan. This plan covers everything from your long-term care to what you want to happen after you die. Unfortunately, there are a lot of myths that surround this process. Only the ultra-rich need an estate plan You...
If you are the personal representative of your loved one's estate, there are many issues you need to take into consideration. You likely need to think about the distribution of assets among beneficiaries and could have to take other inheritance-related matters into...
Losing a loved one in Florida is rarely easy, yet for the impacted by such a loss, the decedent's passing typically brings some degree of finality. They view their family member or friend's death as the end of their physical suffering, and as offering them the chance...
When dealing with an elderly loved one, you have extra hurdles and potential obstacles to handle if they have memory issues. This is even more true if any members of your family or loved ones might take advantage of it to meet their own goals. Still, if an individual...
Experts suggest you review your estate plan every few years. This may seem like a long time, but in reality, an estate plan review is often a daunting and time-consuming project. If you are starting on your estate plan review, you may want to prioritize things. This...
Planning for the future may feel like a daunting task. This is one of the main reasons why you may have put off planning your estate until this point. If you have yet to create a will or put together other estate planning documents and you are over the age of 55,...
You may be putting back quite the inheritance for your children, but even a brief time in a nursing home facility could eat all your savings quickly. The Florida Health Care Association reports on 2020 data indicate that you are likely to pay more than $100,000 to...
Previous posts on this blog touched upon the fact that estate taxes may or may not be a concern to Florida residents. While the state does not impose a local estate tax, the federal government does levy a tax against estates exceeding a certain threshold. Per the...
