Wills & Trusts Lawyers Answer FAQ's About Wills & Trust Law
Jacksonville Wills & Trusts Attorneys Explain Florida Wills and Trusts Law
Florida Wills and Trusts Law
In these pages, our Jacksonville wills & trusts lawyers provide you with relevant information about wills and trusts law in Florida. The FAQs are those generally asked by those who are interested in protecting the passage of their assets through the use of wills and trusts law, and the protection of their assets during their lifetime, including periods of incapacity. Our Jacksonville wills & trusts lawyers will provide concise answers to precise questions, so if you need additional information about wills and trusts law, in Florida, please let contact us at (904) 448-1969, or toll free at 1-866-510-9099, or email us at Info@TheColemanLawFirm.com. We’ll respond to your questions as soon as reasonably possible.
Our Jacksonville wills & trusts lawyers welcome the opportunity to provide you with counsel about all aspects of wills and trusts law in Florida. Thank you for visiting our site and we sincerely hope the information you will receive about wills and trusts law in Florida will be of beneficial use to you.
Estate Planning for Farms and Ranches
I hold a special place in my heart for the family farm. My paternal and maternal grandparents were farmers. Their fields of peanuts, soybeans, tobacco, corn, and livestock fed our family and many others in South Alabama and the Florida panhandle. Like many of you,...
Why Do I Need a New Power of Attorney?
Earlier this week, the CPA for a client called to determine that all of the client's estate planning documents were up to date and in good order. The reason for the call was that the client has been diagnosed with Alzheimer's disease and is beginning to show the...
Early Alzheimer’s Diagnosis – Curse or Blessing?
In yesterday's Wall Street Journal is a story about a woman who was diagnosed with Alzheimer's disease at age 56. "The Curse of a Diagnosis" details the issues the family has been forced to deal with, knowing there currently is no cure for...
Medicaid Immersion Camp
Steven Covey, in his best seller "The Seven Habits of Highly Effective People," maintains that to be highly effective you must take time to "sharpen the saw." Last week I sharpened the saw. Three intense days of immersing myself, along with 29 other...
Wills and Trusts Online Documents Wins ABA eLawyering Award
A Lexington, Kentucky, based law firm, Hargrove Madden, has been named the recipient of the 2012 American Bar Association eLawyering Award, given annually to recognize innovative delivery of personal legal services. Special attention is given by the ABA to firms that...
If I Am In a Nursing Home, Is It Too Late to Give Away My Assets and Qualify for Medicaid to Nursing Home Costs?
In Florida, if you are already in a nursing home, it may be too late to "give away" your assets and still qualify for Medicaid benefits for nursing home care, but that doesn't mean that you can't protect most of your assets and still qualify for Medicaid benefits to...
How Much Income Can I Make and Still Qualify for Medicaid?
In Florida, which is an "income cap" state, eligibility for Medicaid benefits is barred if the nursing home resident's gross income from all sources exceeds $2,094 a month (for 2012). However, if the excess income above this amount is paid into a "(d)(4)(a)" qualified...
Must I give away all my assets to keep them from being taken to cover the costs of my spouse’s nursing home care?
If your spouse is required to enter a skilled nursing facility it is not necessary for you to "give away" all of your assets to protect your assets from the cost of your spouse's nursing home care. Assuming that you and your spouse do not have adequate assets, or long...
How can I avoid being impoverished by the high cost of nursing home care?
Nursing home care in a skilled nursing home in Northeast Florida now averages about $85,000 per year. If you, or a family member or other loved one, needs skilled nursing home care, there are only three ways to pay for the cost of the nursing home care. The first is...
Is it a good idea to list my TRUST as beneficiary for my 401k plan?
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...
Academy Awards Nominee “The Descendants” Really About Estate Planning
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 trust, of which Clooney's...
How a Qualified Income Trust Can Help You Qualify for Medicaid to Pay for Nursing Home Care
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 to qualify for Medicaid...