What is Better in Florida? A Will or a Trust?
Florida Estate Planning Lawyer Blog
by Wesley J. Dickson
1M ago
One of the most common questions we receive is: “What is Better in Florida? A Will or a Trust?” Many clients that we work with think that if they live in Florida and have signed a Florida Last Will and Testament, they no longer have to worry about a probate in Florida. As Chris Rock can attest, Wills are often a big “slap in the face” to the assets you are trying to protect.  In Florida, assets that pass under the terms of a Last Will and Testament have to go through a process known as probate ..read more
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2024 Florida Medicaid Long-Term Care Eligibility for Seniors
Florida Estate Planning Lawyer Blog
by David M. Goldman
3M ago
The Following limits  for Medicaid eligibility for Medicaid for Florida as of 1/1/2024 have been adjusted again. There were changed in the income criteria, maximum amount of assets, and maximum equity in your homestead property. Florida Medicaid Income Limits as of 1/1/2024. The Applicant’s income limits have increased  to $2,829/month if single and $2742 if you are married. If the applicant for Medicaid has income in excess of 2,7, they may use a Qualified Income Trust or Miller Trust to help the applicant qualify for Florida Medicaid Benefits under the Medicaid Asset Test ..read more
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Florida Estate Planning and Elder Law – What is the difference?
Florida Estate Planning Lawyer Blog
by David M. Goldman
1y ago
Florida Estate planning and Florida elder law planning are two distinct areas of law that often overlap, as they both involve preparing for the future and ensuring the well-being of individuals and their families. However, they have different areas of focus. Florida Estate planning lawyers primarily deal with the management and distribution of an individual’s assets upon their death. Key components of estate planning include: Wills: Legal documents that outline how an individual’s assets should be distributed after their death. Trusts: Legal arrangements that enable a third party (the trus ..read more
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Estate Planning for Families Facing Addiction
Florida Estate Planning Lawyer Blog
by David M. Goldman
1y ago
Addiction is a serious illness that effects millions of families. Over 7,000 people died from overdose in Florida in 2020, the second most of any state (Statistics from Riverside Recovery, Tampa). Aside from illicit drug use, addictions to gambling, alcohol, or prescription medications can be just as dangerous and no less destructive in the lives of those who struggle with them and their families. Our natural instinct is to care for our family and loved ones as best we can for as long as we can. For families facing struggles with addiction, Estate Planning can often be more complex than for th ..read more
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Estate Planning in 2022
Florida Estate Planning Lawyer Blog
by David M. Goldman
2y ago
After a year of speculation, 2022 begins with no new federal estate and gift tax legislation. The significant changes to federal estate and gift tax laws were not implemented by new legislation. Those changes included a substantial reduction in the estate and gift tax exemption among altered tax treatment for grantor trusts and even a proposal to eliminate the different tax treatment of grantor trusts and elimination of step-up in basis for assets at death. Keep in mind that the current estate tax exemption levels will expire after 2025, even without legislation. After 2025, the federal estate ..read more
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Thought about gifting in 2021 and 2022
Florida Estate Planning Lawyer Blog
by David M. Goldman
2y ago
There are many reasons you might consider giving your adult children a portion of their inheritance now while you’re alive and well. Maybe you’ve seen your nest egg grow thanks to a robust stock market, and you have more in savings than you thought you would at this stage of your life. Perhaps you and your spouse enjoy excellent health and have received nothing but good checkups for years, so you’re not overly concerned about medical expenses. Or maybe you just want to be there to experience how your financial assistance helps your children pursue their dreams and achieve their goals. Do you r ..read more
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The 99.5% Act – Time to Rethink Your Estate Plan?
Florida Estate Planning Lawyer Blog
by David M. Goldman
3y ago
While many do not think all of the “For the 99.5% Act introduced by Bernie Sanders plan on March 25, 2021 will become law, there is certainly concern over the gifting and estate tax portions which would seem to affect more than just the upper 1/2 percent of the US population. This is the first attempt at legislation following Joe Biden’s election that could lower the federal estate tax exemption. There are many changes and various dates when the changes would take place: For those who die or make gifts after December 31, 2021. Reduce the U.S. federal estate tax exemption from over $23 Million ..read more
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How to Select a Senior Living Arrangement for Your Elderly Loved One
Florida Estate Planning Lawyer Blog
by David M. Goldman
3y ago
How to Select a Senior Living Arrangement for Your Elderly Loved One Moving an older loved one into a new living arrangement is an emotional process. However, feelings aside, there are many practical steps we must take before a decision is made. From how to pay for custodial services to the kinds of help they need now, and in the future, there are lots of details to sort out. This guide, presented by the Florida Estate Planning Lawyer Blog, can help you navigate this process. Paying for long-term care Even if your loved one is still perfectly capable of caring for themselves, there is never a ..read more
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Surge on wills: Fearing death by COVID-19, people ask lawyers to write their last wishes
Florida Estate Planning Lawyer Blog
by David M. Goldman
4y ago
The Miami Herold is reporting the there is a surge in people asking for wills to be written. The article states: Lawyers are being bombarded with requests to write wills, update estate plans and prepare health surrogate or “pull the plug” documents as people are confronted by the realization that they could be diagnosed with COVID-19 and dead within days ..read more
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Have You Lost Your Job because of the Coronavirus?
Florida Estate Planning Lawyer Blog
by David M. Goldman
4y ago
Have you lost your job because of the Coronavirus? As an essential business, we are open and available to meet by phone  by calling (904) 990-8000 or video conference We have a Certified Online Notary on staff ..read more
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