Posts

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There are several reasons to create a basic estate plan in Stuart Florida

Stuart, FL - There are many benefits to having a complete estate plan rather than just creating a standard will with no other testamentary documentation. As with any important financial decisions, it is best to consult with a local professional…
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Estate planning professionals can prepare for a will contest

Vero Beach, FL - When someone is making their final estate plan, they should ensure that all other prior testamentary documents are revoked to avoid confusion or will contests. This can be done with the help of a legal professional, and it is…
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Florida residents should look at an estate planning checklist as they age

While many people tend to put off their estate planning needs until they are very old or in poor health, it is important to start this process sooner rather than later. Certain instruments, such as trusts, can even start to distribute assets…
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Coral Springs, Florida, What will happen to my 401(k) if I die but have a will?

If you opted to set up a retirement account (i.e. a 401(k) retirement plan) through your employer so that one day, you can discontinue working and retire, you should have been prompted to select a beneficiary, or a person you assign to receive…
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Florida Medicaid plans were sanctioned by the state with millions in penalties

Data released for the 2019-2020 financial year showed that the state penalized managed care plans for several million dollars related to breach of contract issues and other problems.  Just one year of records shows dozens of Medicaid violations  Florida’s…
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South Florida Teachers Returning to School Amid the COVID-19 Pandemic Should Consider Getting a Living Will

Although some schools will not be requiring their teachers to return to their classrooms just yet as COVID-19 cases continue to climb in Florida, there are some schools that are expecting their teachers to return and prepare for the 2020-2021…
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Florida’s Medicaid spending has stayed consistent most years

Despite controversies in Florida’s state budgeting over the last several years, Medicaid spending has remained fairly consistent. This is good news for those who depend on the program, however each year’s budget brings new challenges.  Governor…
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Destin families should make an estate plan early to avoid court battles

Things like estate planning or drafting a will are an important investment for the future. This may shape your family’s finances for years to come, and some documents such as trusts can start paying out money or distributing property immediately.  Experts…
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Florida residents who need advice regarding power of attorney or inheritance taxes should talk to a local professional

When someone needs to start preparing for disposing of their property and wealth, they may find that the process is difficult and confusing. Certain professionals focus their entire careers on helping people in these situations.  An advice…
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Setting up a trust may be a good way for families in Florida to handle inheritance issues

As people age, they start to think about how their wealth will be distributed when they die. While a simple will works for some families, it is always important to consider other options that make work more effectively in your situation, such…
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What are some probate hurdles of estate plan administration in New York?

In New York, the statutory and procedural guidelines of the state must be followed to complete probate of a will. Estate planning can reduce complications that may drag out the process and can be effectively handled with the help of legal counsel.…
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What happens to a person’s debt when they pass away?

Do you ever wonder what happens to your debt when you pass on? While debt collectors can certainly try and collect what is owed to them when you are alive, what do they do when you are no longer here? Will the debt get wiped away and your name…
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Fort Walton Beach residents should review Florida’s laws governing wills and estate plans before deciding how to distribute their property

Making a proper will or estate plan is so crucial because without these documents, your property will go through a set of default rules listed in the state’s intestacy statute. While these rules try to keep your property within the family,…
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Florida families looking to transfer real estate should only do so with professional help

Real estate professionals gave advice in a Florida news column related to keeping a house within a family after an elderly family member has died.  Family wonders how they should transfer a house from an elderly relative The reader asked…
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New York City couples who live together but are not married may need special estate planning advice

Even though a couple may have lived together for years or decades, in the eyes of the law they are still treated as if they were two single people with no formal relation.  Local news for New York reported on how unmarried couples should…
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Florida may spend all of its allocated Medicaid funding prematurely

Local news for Florida reported that Medicaid enrollment increased greatly during the coronavirus pandemic in 2020. This was problematic because the unexpected costs that were added to the program could affect future budgeting.  Floridians…