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...
by Randy Coleman | Dec 23, 2011 | Estate Planning |
To all of our friends, clients, vendors and readers, we wish each and everyone of you a very happy holiday season, filled with good spirit and family gatherings. May your New Year be your happiest, and most prosperous, ever.But, should that holiday party or...
by Randy Coleman | Dec 14, 2011 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Nursing Homes, VA Aid and Attendance, VA Benefits, Veterans Pension Benefits |
For about the last year I have been an Accredited Attorney with the Veterans Administration, Department of Veterans Affairs. Over that period of time I have been exploring all of the nuances of Veterans Benefits and the situations in which Veterans Benefits can be of...
by Randy Coleman | Nov 11, 2011 | VA Aid and Attendance |
Today is Veterans Day 2011. Our sincere thanks and gratitude to the many in America who have served our great country, and our heartfelt desire that the politicians running our country can have the backbone and resolve to keep it great.More than 41 million...
by Randy Coleman | Nov 3, 2011 | Disability Planning, Elder Care, Elder Law, Long Term Care, Medicaid Planning, Medicare, Nursing Homes, Retirement Planning, Social Security |
Ignorance is bliss! The baby boomers, turning 65 at the rate of 10,000 per day, seem to be fooling themselves into believing they won’t need long term care during their lifetime. In a recent study conducted by Genworth Financial (the 2011 Financial Reality...
by Randy Coleman | Nov 2, 2011 | Beneficiary Designations, Durable Power of Attorney, Estate Litigation, Estate Planning, Executor, Probate, Probate Litigation, Trust Litigation, Will Contests, Wills and Probate |
Diamonds are forever! Estate planning is not!The travails of the James Brown (Godfather of Soul) estate show just how bad things can get when estate planning documents are not updated when there are changed circumstances. Brown didn’t update his...
