Most established adults don't think about Medicaid until they need health care benefits. Particularly once people start preparing for retirement, there may be an assumption that Medicare can help them cover their expenses. Unfortunately, older adults sometimes become...
What you should know about Florida’s preneed guardian law
No one wants to think about the possibility that they could become incapacitated to the point where they can’t care for themselves or even be competent to make decisions for themselves. However, it can happen to anyone – suddenly or over a matter of time. If you have...
3 reasons to update an estate plan after moving to Florida
People who have spent most of their lives in the colder North may want to retire in Florida. The warmer climate can be beneficial for people with an assortment of different medical challenges. Additionally, many communities have infrastructure that is useful for older...
3 key estate planning provisions to foster your children’s well-being
If you’re a parent, your top priority is helping to ensure the happiness and well-being of your children. This extends far beyond the here and now and into the future they’ll inherit. An often-overlooked component of this responsibility is creating a watertight estate...
What penalties are possible when seeking long-term care Medicaid benefits?
Some older adults in Florida eventually require significant help with daily life. They might have a nurse come visit them at home or may move into a nursing home. Both arrangements can provide someone with the care they need but can also strain their finances. Most...
3 things you should know about irrevocable trusts
Creating an estate plan is a major undertaking for most people, not necessarily because it’s a lot of work but because the decision-making process itself is so consequential. There are several things that should be included in an estate plan. People who have assets...
Key life events that mean it’s time to craft or update an estate plan
For many people, the life event that spurs them to start making an estate plan is retirement. Once they are done working, they know that it’s time to begin thinking about what to do with the assets that they have accumulated. They then make an estate plan to pass...
3 reasons that probate can diminish someone’s final legacy
Probate court is the special court wherein families and other interested parties make claims related to someone's estate. The estate administration process typically involves filing someone's planning paperwork, such as their will, with the courts, communicating with...
How far back does the Florida Medicaid lookback period go?
By the time someone decides to apply for Medicaid, they may already have a significant amount of unpaid medical bills to cover. People often don't understand the gaps in their Medicare coverage until they have expenses that they theoretically have to cover. At that...
Traits to look for in your child’s guardian
As you create your estate plan, if your child is a minor, you may be interested in picking a guardian. In fact, maybe that’s the whole reason you wanted to create that estate plan to begin with. You just became a new parent and you need to know who is going to take...