Estate planning encompasses planning for how your
assets will be conserved, distributed, and managed after your demise. It also
considers, managing your property and finances if you are incapacitated. Most
people think that estate planning is meant for elderly people with a
significant amount of finances, however, this is not true as estate planning
serves to protect the assets and finances of all individual’s regardless of
age, and amount of finances. Some of the assets that could make up an estate
include; cars, houses, pensions, stocks, life insurance, paintings, and debt.
Therefore, you need a Marco Island Estate Planning Lawyer to oversee the
arrangement, planning and preparation of your estate and offer legal counsel as
well regarding the same.
Recently, Florida increased the personal Medicaid needs
and allowances for Institutional Care. Initially, the payment was $105.00 per
month. After the increase, the total allowance became $130.00 per month. The
increment meant that individuals will be receiving more updated institutional
care and Medicaid benefits.
Your will is like a car—it can require regular
maintenance to remain highly effective. Life circumstances change with time,
and your will also need to be modified accordingly. Below are some top reasons
why you need to update your Sanibel will:
A part of retirement is that most retirees end up in
nursing homes. Living in the comfort of your own home is what you may desire as
you age, but unfortunately, chronic ailments may make it difficult for you to
live independently without seeking daily assistance. Therefore, nursing homes
become the best option even though they are expensive. Without proper financial
planning, you may not be able to afford to live in your own home or nursing
home. Below are some ways to pay for nursing homes.
If you are here, you have probably heard of
government-subsidized health care but it can be difficult to distinguish
between the various federally funded programs. So what is Medicaid? Created in 1965
alongside Medicare, Medicaid was part of Lyndon Johnson’s Great Society
program. Since then, Medicaid has become an integral part of the American life.
Medicaid is a federal-state program that helps pay long
term medical and custodial care costs.
Couples always promise to support their spouse in both
sickness and health, but the obligation never stops at that. Once married,
there are certain responsibilities and rights that they have that single
persons do not possess. Marriage brings both legal and financial benefits,
along with duties. In most cases, marital responsibilities and rights will go
on even the marriage ends- either through divorce or death. In Florida, the
surviving spouse is entitled to receive rights and benefits from the deceased
Medicaid offers health coverage to more than 65 million Americans, including eligible low-income adults, pregnant women, children, elderly adults, and persons with disabilities. This program is administered by states, according to the federal requirements. Medicaid is funded jointly by the federal and state governments.
Medicaid is a program that offers healthcare coverage to almost 60 million people who are unable to pay for medical care services. These are US citizens or any eligible immigrant with low income. It targets senior citizens with 65 years of age and above as long as they are eligible for the program and covers all the required medical services inclusive of custodial care or skilled nursing care.
is the methodical way of organizing personal affairs and financial matters to
ensure that the future possibility of certain death and mental incapacity is
taken care of. Your initial estate plan includes either four or five vital
estate planning documents that are legal depending on the family’s current
situation and its financial situation. Apart from all these important
documents, your state laws may dictate the different estate planning documents
created. Therefore, an estate planning attorney may guide you with all the
preparation of the estate planning documents needed in the situation.
Estate planning documents like wills do not expire but
may become out-of-date and obsolete if they aren’t reviewed regularly. Even
though you may have not experienced significant changes in your life recently,
your North Fort Myers estate planning attorney recommends going over your will
every year to guarantee the will still reflects accurate instructions regarding