Elderly Florida residents often experience major health problems that need emergency attention. Because of this, it is essential that adult children of aging parents have immediate access to estate planning documents. A health crisis may prevent an elderly parent from making important medical and financial decisions. According to Money, aging parents need documents such as…
Continue reading…How can my parent make a valid will?
Creating a will in Florida is one of the most important things your parent can do. A will allows your parent to make choices regarding property distribution after his or her death. It also allows your parent to name a guardian for minor children and appoint a personal representative of his or her estate. If…
Continue reading…What happens to my parents’ assets under Medicaid?
As your parents age, long-term care may become a necessity. While programs such as Medicare offer short-term care for patients, Medicaid is a government program that offers long-term care. Since Florida is an income cap state, patients who want Medicare benefits must abide by a hard income limit. According to Senior Planning, as per Medicaid’s…
Continue reading…What happens when your sibling disputes your parent’s will?
A rivalry with your sibling may begin when you are kids but last well into adulthood. Even if you are able to keep things civil with your brother or sister for a while, the conflict can arise again. This is especially true when there is a dramatic change in the family, such as the death…
Continue reading…Have you talked to mom and dad about estate planning?
Growing up, some conversations between parents and their children prove more difficult than others. For instance, you may have a hard time talking to your mom and dad about their end-of-life plans here in Florida. Money Crashers offers some insight into the most essential questions to ask your parents regarding their estate and advanced care….
Continue reading…What to know about burial arrangements and Medicaid
Adults who have elderly parents in Florida can understand their anxieties if they fear losing eligibility for Medicaid if they keep too much money for burial arrangements. Medicaid allows a recipient to set aside $2,500 for burial expenses that will not be counted as an asset. However, your parents should not have to choose between…
Continue reading…What do you need to know about Florida estate tax?
If you have an elderly parent or parents who retired to Florida, you may wonder what you can do to help them with the estate planning process from across state lines. Though there are several ways in which you can assist with the financial planning process, one of the first things you can do is…
Continue reading…How to secure long-term care VA benefit for vets
One of the scariest aspects of long-term care for the elderly in Florida is not just the cost, but the lack of proper planning for it. Many people rely on Medicaid, only to find out too late that it does not cover all the costs associated with care. However, when it comes to veterans there…
Continue reading…What happens when someone passes away without a will in Florida?
It is paramount to create essential estate planning documents as early as you can in life. Far too many Floridians delay this process because they think they have plenty of time. Unfortunately, life may not work out the way you plan. Death can strike at any moment, and when that happens, you want to make…
Continue reading…How can I choose a good nursing home?
If you have elderly parents living in Southern Florida, you probably have long-term care on your mind. Finding the right nursing home for aging parents is a decision many adult children face, and securing a respectable facility is crucial to ensure your loved ones are in good hands. Medicare.gov explains what to look for when…
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