“How can I avoid death taxes?” “Are there any death tax benefits for living in Florida?” We hear these questions frequently when we are discussing estate planning with our clients here in the Tampa area. An estate plan may consist of a Last Will and Testament and/or a Revocable Living Trust. It also includes other
Read MoreRead More Read More Today, June 15 is World Elder Abuse Awareness Day. Each year hundreds of thousands of older persons are abused, neglected, and exploited. Many victims are people who are older, frail, and vulnerable and cannot help themselves and depend on others to meet their most basic needs. Abusers of older adults are both women and men,
Read MoreRead More Read More Last year in January (2015), the Department of Veterans Affairs published lengthy new regulations which would dramatically affect veterans and their widows receipt of the Aid & Attendance pension. The proposed regulations elicited approximately 900 comments to the VA, overwhelmingly negative. Yet, since the first quarter of last year, advocates for veterans have heard only
Read MoreRead More Read More MUHAMMAD ALI’S FORTUNE: What will we get to know about it? What we may all get to learn about Muhammad Ali’s fortune depends in large part upon how he arranged his affairs. If he failed to arrange his affairs like Prince (or what is being reported about Prince) we may get to know quite a bit about Ali’s
Read MoreRead More Read More Eleven years after the highly publicized Terri Schiavo case, the taboo surrounding conversations regarding death and end-of-life decisions is finally waning. As Elder Law Attorneys, we frequently initiate end-of-life conversations with our clients in order to properly draft advanced directives, such as Living Wills and Health Care Surrogates. Until recently, health care professionals have either
Read MoreRead More Read More Effective today, July 1, 2016, a brand new law goes into effect which will finally protect Florida’s citizens from getting surprised by unfair medical bills. This law helps eliminate the problem of “balance billing”, which sticks an unsuspecting individual with the total cost of medical services even though the individual thought he was covered under his
Read MoreRead More Read More What is ABLE (Achieving A Better Life Experience)? ABLE arose from a federal law enacted in December 2014 which allows for a tax-favored account to be established for people with disabilities. A new 529A section within the Internal Revenue Code and regulations were issued in Summer 2015. The State of Florida enacted its own ABLE
Read MoreRead More Read More Many low-income seniors have no idea at least 3 different programs exist which allow seniors to get back an extra $100 in cash currently being deducted from their monthly Social Security checks. These eligible seniors should apply for the Medicare Savings Programs (MSPs), under which the Medicare Part B premium ($104.90) is never deducted from
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