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...
Your Spouse Needs a Nursing Home – Avoid this Planning Pitfall
It happens a lot. One spouse goes to the nursing home and is eligible for Medicaid. So, the family doesn’t do any post-death asset protection planning. But what happens if the “well-spouse” dies first. Well, it’s a nightmare because the well-spouse's death may make...
Is Your Will/Trust Done, or Done RIGHT?
Most people think that filling in blanks on a Will, Trust, Power of Attorney, etc. is all that’s necessary. Although those documents are “done,” I often find that they’re not done “RIGHT.” Common wisdom is that a Will, Trust, Power of Attorney, and Healthcare Power of...
5 Ways to Help Protect Your Loved Ones from Elder Abuse
On June 15, citizens worldwide will commemorate World Elder Abuse Awareness Day to help bring awareness to the millions of older adults subject to elder abuse, neglect, and exploitation each year. According to the Department of Health and Human Services, 2.1 million...
How Do We Protect Seniors During National Elder Law Month?
Each month, many of us worry how to best ensure that our older parents who live alone in Florida are safe. This starts with making sure that our senior loved one has the Florida estate and long-term care planning he or she needs to protect him or herself now, and well...
Do You Know How to Preserve Public Benefits for a Loved One with Autism?
Ensuring your loved one with autism’s elder care needs are provided for in the event you are no longer here, is a critical planning step. You need to create the special needs planning that will ensure he or she is not only protected but will not lose access to vitally...
When It Comes to Elder Care Law What Is The Difference Between Will and Trust Planning?
When deciding between a trust agreement and a last will and testament, there are many things to consider. You need the right plan in place for you and your loved ones. When it comes to elder care law, what is the difference between will and trust planning? The...
Why You Need to Plan for Your Elder Care Law Needs Early
Many seniors do not have elder care planning of any kind. Unfortunately, this means they are not prepared for a sudden crisis. This crisis could be a healthcare diagnosis, a car accident or a rapid decline in cognitive abilities. Most of the elder care planning you...
How Could “Gray Divorce” Impact Your Elder Care Planning?
There is no question that getting a divorce is a stressful and tense time period. Emotions are heightened as paperwork begins to pile up, meetings with attorneys become more frequent and discussions between ex-spouses become argumentative or sad. Did you know,...