Category Archives: Estate Planning
How A Pour Over Will Can Protect Your Privacy
At Millhorn Elder Law Planning Group, some of our clients are surprised to find out that probate is a public proceeding. Not only is your will filed with the court, but any member of the public can research probate records to find out how many assets you had at death and who you left… Read More »
Compensation As A Florida Personal Representative
Being the personal representative of an estate is a lot of work. Not only must you submit the deceased’s will to probate court, but you will also need to deal with the estate’s assets and debts. Many people serve as personal representative for their parents or for their spouse but are unaware of the… Read More »
Warning Signs Your Loved One Is Being Psychologically Abused
Some abuse is very easy to spot. You might visit an elderly relative in a nursing home or at another facility and see unexplained bruises, cuts, or broken bones. However, the elderly are increasingly at risk of psychological abuse as well. This abuse is much harder to identify; nevertheless, you must take action at… Read More »
Four Common Estate Tax Planning Trusts In Florida
Even though the Sunshine State does not have an estate tax and federal lawmakers recently raised the IRS threshold, taxes are still a concern in many estate planning scenarios. The estate tax is not the only issue facing The Villages residents as they prepare their estate plans. Certain kinds of property, most notably rent… Read More »
Can I Disinherit My Child?
Yes—in some situations. It all depends on how old your child is. Under Florida law, you can certainly disinherit your adult children. However, certain rules prevent you from completely disinheriting minor children. Florida’s Homestead Laws The state’s constitution contains homestead laws that limit what you can do with your residence. In particular, you cannot… Read More »
How To Divide Your Estate Fairly Between Your Children
When writing a will or trust, many people are worried about showing favoritism to one or more of their children. Instead, they want to divide their estate fairly so that each child feels appreciated. Nevertheless, sometimes dividing an estate fairly between your children is complicated. In that situation, you are advised to meet with… Read More »
Protect Yourself From Common Financial Scams
Older Americans are ripe targets for all kinds of financial scams. Many have no spouse or adult children living with them, and they might be worried about falling sick and growing old. As a result, savvy scam artists prey on America’s seniors, hoping to hoodwink them into handing over their money. To protect yourself,… Read More »
Be Careful When Paying In Advance For Funeral Expenses
For some people, the thought of planning their funerals ahead of time gives them a sense of comfort knowing that their loved ones will not have the burden of making the plans. In addition, some people like the fact that they get to personally make the plans for their funerals, choosing everything from the… Read More »
Estate Planning Considerations For Your Family
If you are planning on getting married or expanding your family in 2018, you also need to review your estate planning needs and make appropriate changes. After your wedding, you should revise your will and ensure that your spouse is included in your division of assets. Your spouse will have opportunity under Florida law… Read More »
Some Medicaid Planning Basics In Florida
A semi-private room in a Florida nursing home costs over $11,000 a year. And, with most people living much longer, some long-term care is almost inevitable. These costs add up over time, and it does not take long for this expense to erode a financial legacy that it took a lifetime to build. Medicaid… Read More »
