In the estate planning world, there are actually two
types of wills that can be completed and submitted to the probate court. The
type of will that people are most familiar with is the last will and testament
which outlines how you would like your assets distributed after you have passed
away. The second is called a living will, and it is a very different type of
document. A living will is like any other estate planning document in that it
is always better to have one in place in the event of an emergency rather than
allowing other people to make decisions for you.
Florida Medicaid laws regarding exemptions is over 50 pages long and contains complex guidelines governing a wide variety of assets. For senior residents of Naples, Medicaid planning is vital to ensuring most, if not all, their medical treatments and nursing home care are paid for without being forced to give up assets.
Living in Port Charlotte means plenty of warm weather,
fun activities, and the challenges that come with everyday life. Of course,
those challenges are a lot easier to take while sitting in the warm weather or
enjoying fun activities. It can be easy to let life pass you by in Port
Charlotte, but you should take some time to stop and contract the services of a
good elder law lawyer.
In Florida, there are many benefits to turning your
property into your Florida homestead. When you register your Florida home as a
homestead, you are indicating that it is your primary personal residence. In
the state of Florida, it is not unusual for families to own primary homes and
vacation homes throughout the state. The Florida homestead laws allow a family
to be able to receive certain financial and legal benefits when they establish
their full-time personal dwelling.
When you are looking for ways to protect your Bonita
Springs estate while paying for long-term health care, you are usually looking
for ways to protect or utilize assets that would normally be taken by Medicaid
when your spouse goes into assisted living. The best way to protect your estate
is to understand the Medicaid application rules and be familiar with the term
community spouse.
Elder law is a field of legal practice that deals in the needs of people as they age. It is important to note that you do not need to be elderly to benefit from the services of an elder law professional. If you are looking to be as prepared as possible for your golden years, then it is best to visit an elder law professional as soon as you can. When it comes to complicated family matters, sometimes the very best person for the job of sorting it all out is an elder law professional.
Life changes for everyone; even people who are
residents in assisted living facilities. A change in your family might mean
that you want to move to a different state to be closer to loved ones. The
problem is that you are not sure if you can just transfer your Medicaid
benefits from your current state to a new one. By understanding how Medicaid is
structured and administered, you can find out if you can move to a new state
and keep your Medicaid benefits.
If you live in the Fort Myers area, then it is important that you visit an estate planning professional to get your will drafted. A will needs to be reviewed and updated regularly to stay in line with the changes that can occur in a person’s life from year to year.
Estate planning delivers a will to the probate court
that is in order and reflects the final wishes of the estate owner. But every
so often, there is a situation where a relative of the deceased feels that
there is something wrong with the will and that the will needs to be contested.
In order to contest a will, you need grounds to contest it. After that, there
is a process you can follow that will have your side of the story heard.
As part of an estate plan, your planning attorney will
help you put together a power of attorney. This is a document that names the
person you want to take care of all of your financial and legal dealings if you
are ever unable to speak or act on your own behalf. When you choose your power
of attorney agent, you should know that you are not tied to that person
indefinitely. You can make a change, and there are some instances where
changing your power of attorney might be a good idea.
