Your Elder Care Law Prescription — Avoid Common Long-Term Care Asset Protection Mistakes Legal
Long-Term Care Asset Protection planning is a difficult and confusing process. Families make many mistakes when planning, usually, because they were given bad information from well-meaning loved ones, friends, and non-attorney professionals. Thinking it’s too late to...
Plan to Protect Your Assets from Long-Term Care
One of the greatest fears faced by aging Americans is that they may need a lot of care at home, in an assisted living or in a nursing home. This not only means a great loss of independence; it comes at a tremendous financial price. Nursing homes in Volusia and Flagler...
Legal – Legacy Estate Planning
Month after month, you may read articles about the importance and value of estate planning. Congratulations! The message is sinking in, and you’re making a plan that will benefit your family for years, decades, perhaps generations, into the future. So, at this...
How to Help Aging Parents Get Their Estate Planning Done
Depending on your relationship, it may be uncomfortable to approach your aging parents about their end-of-life choices, but do not put off his conversation. As our parents age it is critical we foster open communication on who they want to take care of them, how care...
Can You Change Your “Revocable” Trust to an “Irrevocable” Trust
Such a simple question begs for a simple answer. Problem is that there is no simple answer, but I’ll give it a try. First, you need to understand the difference between a revocable and irrevocable trust. The difference is that every word of a revocable trust can be...
Tips on How Seniors Can Prepare for Hurricane Flooding
Hurricanes are massive storms with winds that can reach upwards of 150 miles per hour, spawn tornadoes, create storm surges along coastal areas, and cause extensive damage from heavy rainfall. Perhaps the deadliest hurricane complication is flooding. Floods can affect...
Medicare, Medicaid and Long-Term Care– What Will They Pay?
They sound alike, but they aren’t. Medicaid and Medicare are quite different programs. Everyone who is age 65 and over (some younger) that receives Social Security benefits also receives Medicare. Medicaid, on the other hand, is a program that helps pay for long-term...
Ways You Can Prepare for Alzheimer’s Disease
There is a lot more to Alzheimer’s Disease than just forgetfulness. It’s actually the sixth leading cause of death in the United States annually, with more than 5 million people currently living with the disease. Nearly every American family has been touched. While...
How Much Can You Give Away and Not Pay Taxes?
After staying the same for five years, the amount you can give away to any one individual in a year without reporting the gift has increased for 2018. The annual gift tax exclusion for 2018 is $15,000. This means that any person who gives away $15,000 or less to any...
How to Protect Your Parents from Elder Abuse When You Live Out of State
Elderly parents don’t need to live very far away to be out of reach. Living only a few hours by car or in a neighboring state might as well be living in different country. Regardless of how close or how far away they live from you, an uncomfortable aspect to consider...