Tag Archives: Central Florida Elder Law Attorneys
Medicare Part A Coverage
Medicare Part A covers up to 100 days of patient care in skilled nursing facilities and hospitals, and is a great benefit to have as a senior. If you are 65 or older and entitled to Social Security benefits, you are eligible for Part A. Even better, there is no charge for premiums, unlike… Read More »
The Surprising Benefits Of Probate
Probate gets a bad rap here at the Millhorn Elder Law Planning Group blog. Many of our articles state that probate is a lengthy, tedious process that people can avoid by creating the right estate plan. And this is still true. Often, you can minimize the number of assets that must go through the… Read More »
Three Common Probate Problems
For some estates, probate will be a seamless process. If the estate is very small, then there might not even need to be probate. Instead, the estate can be wound up using disposition without administration. Other estates can take advantage of a “summary administration,” which makes the probate process quick and easy. However, other… Read More »
Do You Own Stocks? Leave Them To Heirs In Your Will For Tax Savings
Estate planning is complicated, particularly thinking through the tax consequences of leaving property to your heirs. Fortunately, few estates will need to pay federal estate taxes, and Florida does not have an inheritance tax. Nevertheless, leaving stocks and other assets to people in your will can reap significant tax advantages. Capital Gains Tax When… 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 »
Questions To Ask A Long-Term Care Facility
When an elderly parent or loved one can no longer live on their own, it is time to consider a long-term care facility. These facilities help residents with daily activities, such as getting dressed or preparing meals, as well as with their medical care. Choosing a long-term care facility is not easy, and you… Read More »
The Scoop on Spousal Impoverishment
No one wants to be impoverished. But when it comes to Medicaid planning, being impoverished actually provides benefits. Most seniors contemplating admission to a Florida nursing home may have been alerted of this strange fact. But what exactly does impoverished mean in this context? Medicaid rules are difficult to follow, and, as such, we… Read More »
