by Randy Coleman | Feb 29, 2012 | Asset Protection, Beneficiary Designations, Estate Planning, Individual Retirement Accounts, IRAs, Retirement Accounts, Retirement Planning, Revocable Living Trusts |
There is a difference of opinion among estate planning professionals regarding designating a revocable living trust as a beneficiary of a 401(k) plan or other retirement plan (such as an IRA). Some of the differing opinions derive out of misconceptions involving the...
by Randy Coleman | Feb 24, 2012 | Advance Directives in Florida, Designation of Health Care Surrogate, Estate Planning, Health Care Power of Attorney, Irrevocable Trusts, Living Will, Titling of Assets, Trust Administration, Trust Litigation, Trustee |
If you can get past the swooning over George Clooney, this year’s five time Oscar nominee “The Descendants” is really about estate planning. In the movie plot, Clooney’s character’s ancestors left valuable Hawaian real estate in a...
by Randy Coleman | Feb 6, 2012 | Asset Protection, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, Qualified Income Trust |
Florida is an “Income Cap State” with regard to eligibility for Medicaid benefits to pay for nursing home care. That means that if the nursing home resident’s income exceeds the “income cap”, he or she will not be able...
by Randy Coleman | Jan 25, 2012 | Advance Directives in Florida, Designation of Health Care Surrogate, Disability Planning, Durable Power of Attorney, Elder Care, Elder Law, Guardianship, Health Care Power of Attorney, Life Estates, Living Will, Long Term Care, Medicaid Planning, Nursing Homes, Retirement Planning, Titling of Assets |
There is no question that long term care for the elderly is expensive. Similarly, there is no question that as the population ages, the cost of long term care will continue to increase if for no reason other than the basic economic propositon that increased...
by Randy Coleman | Jan 19, 2012 | Disability Planning, Elder Care, Estate Planning, Long Term Care, Medicaid Planning, Special Needs Trusts |
Let’s say you have a child with “special needs,” or a sister, brother, mother or other family member. You have not created a special needs trust as part of your own estate plan. Why not? We know why not. We have heard pretty much all the explanations...
