Some retirees in Florida have a very dismissive approach to estate planning. They decide that when they pass away, their heirs can tackle the paperwork and the details. They are content to live in the moment. However, there are others who prefer to plan ahead and ensure that as little of their assets as possible…
Continue reading…Estate taxes benefit the government
When wealthy people die in Florida, law enforcement often looks at those close to them with some suspicion until investigations prove no foul play. Those who stand to benefit financially from the individual’s death often face the greatest suspicion. However, heirs are not the only ones who can expect a windfall after a billionaire dies….
Continue reading…The pitfalls of aid and attendance for veterans
Helping your parents develop an estate plan and collect benefits from programs they qualify for can be stressful and complicated if the process is new to you. Veterans have additional programs they can take advantage of to assist in paying for the high costs of long-term care. There are three types of veteran pensions: Basic:…
Continue reading…My parent has dementia, how should we approach estate planning?
Dementia can cause serious cognitive issues that may get in the way of daily chores and tasks. It can also prevent a person from making the right decisions about their estate and other important issues, like financial authority and end-of-life care. If you’re a caregiver for a person with dementia or Alzheimer’s symptoms, the Alzheimer’s Association offers…
Continue reading…Does your loved one qualify for the veteran’s pension?
As you plan for your loved one’s future, it is important that you consider all the benefits and programs he or she may qualify for in Florida. This is especially true if your loved one is a veteran. There are many benefits offered by the U.S. Department of Veterans Affairs that could help your loved…
Continue reading…Moving to Florida to become a paid family caregiver
Constantly traveling to Florida to check in on elderly parents or relatives may eventually take its toll on an individual who lives out of state. While a relocation seems tempting, there are some important issues to consider when moving to the Sunshine State. For individuals finding themselves becoming more involved with an elderly relative’s care,…
Continue reading…How important is a healthcare directive for your ailing parents?
As elderly Florida residents plan for their end of life care and create a trust or will, there are some important decisions to make. One of those is if your parent needs a healthcare directive and how it can benefit you and your siblings if there is an accident or injury and your parent is…
Continue reading…Should you discuss power of attorney with your parents?
The duties of a caregiver are numerous. When you are responsible for your parents’ wellbeing, your top priority is their health and quality of life, but your responsibilities do not end there. To protect your parents in Florida, you may want to consider talking to them about power of attorney. Many Americans try to procrastinate…
Continue reading…What is a Medicaid spend-down?
As your parents continue to age, they may face increased health problems that could ultimately make it necessary for them to move into a Florida nursing home. But the sad truth is that nowadays, no one other than an uber-wealthy person can afford to pay the costs of long-term nursing home care. For most people,…
Continue reading…Essential points for writing an effective will
Those who are coming to the later years of life in Florida will want to ensure that their loved ones are accounted for after they pass away It is important to make sure that a last will and testament is written in a way that covers all of the bases, and to avoid the common…
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