Medicaid is a very important benefit program for those with significant medical needs and need long term care. Many people who expect to depend on Medicare in their golden years actually end up needing Medicaid benefits instead. Medicare, the insurance program available for retirees, doesn’t cover all of the expenses people incur as they age. […]
When you have a child with special needs, you’re naturally concerned about your child’s well-being after you’re gone. There are assets available that could be used to see to their comfort, but you’re concerned about interfering with their eligibility for government benefits like Medicaid and Supplemental Security Income (SSI). You know that special needs trusts […]
Is your divorce going to involve the division of a considerable amount of assets? How about a complex mix of assets like multiple properties, investments, businesses and more? Determining not only the short-term implications of how these assets, as well as debts, are divided but the long-term financial and tax implications can be more than […]
Parenting teenagers comes with many challenges, even for parents that are still married. After a divorce, these challenges often increase as both parents strive to remain active in their teens’ lives. In Florida, divorcing parents must submit a parenting plan, which you may know as a child custody agreement or plan. If your kids are […]
Estate planning goes beyond distributing money and valuable assets to surviving loved ones. Life will go on for family members after the death of a loved one. During that time, inter-family issues could arise that result in contentious litigation over the course of several years, fracturing and destroying longtime relationships. In addition to a will […]
“Guardianship” means that a guardian is appointed to make financial or personal decisions once an incapacitated person is no longer able to make those decisions. Once the guardianship has been adjudicated (a judge has made a formal decision), the person under guardianship is considered to be a “ward.” When guardianship is necessary Under Florida law, […]
There are many critical aspects involved in the estate planning process. You have to draft a will and health care directives and proxies. You must appoint a guardian for minor children, draft a financial power of attorney and complete beneficiary designation forms. Many individuals who come to learn more about the estate planning process, including […]
Maybe you see your parents only a couple of times a year. During your last visit, you were shocked at how much mental and physical ground they seemed to have lost since your last visit. Alternatively, if you live closer to them, you might have a much clearer picture of the day-to-day struggles they have […]
Many individuals understand the importance of engaging in estate planning, yet many put off doing so until later in life. It becomes increasingly important for individuals nearing the age at which they can receive Medicaid benefits. Individuals who don’t engage in Medicaid planning as they age put themselves at risk of losing access to these […]
Older adults often become dependent in a manner similar to the dependency of children. They may have lost both the physical ability and the mental acuity to live independently. They require support, if not outright care. Family members worried about the effects of aging on parents or other older loved ones may eventually have to […]
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