The rising cost of medical care in Florida and throughout the United States is a source of pain for many families. If you are considering taking action to reduce costs, there could be other options available to you. However, these would probably involve taking certain steps to preserve family assets. Before reading, please understand that…
Continue reading…How to approach your parents about estate planning
As you get older, you may find yourself taking on more of a caretaker role with your parents. It is a fact of life that the tables turn, and things change. There may come a time when you need to discuss with your parents what happens after they are gone. It is a tough discussion,…
Continue reading…Why avoid probate and how to do it
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…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…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…
Continue reading…Planning to avoid estate taxes
The primary purpose of estate planning is ensuring that the people one leaves behind in Florida can benefit from the assets that a decedent worked a lifetime to accumulate. The thought of a good portion of those assets being eaten up by taxes can certainly be demoralizing (even to the point of causing some to…
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