Florida Elder Law & Estate Planning Blog


Bob_Ross
TV Painter Bob Ross’ Son Loses Lawsuit In Battle Between Father’s Trust And Business Agreement
June 13, 2021

Bob Ross rose to fame in the 1980s as the host and instructor of the wildly popular Joy of Painting TV show. Viewers were smitten not just with his artistic techniques but also with his mesmerizing voice and congenial manner….

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Non-Borrowing Spouses of HECM Reverse Mortgage Borrowers Get More Protections
June 8, 2021

The Federal Housing Authority this month issued new rules that provide more protection for non-borrowing spouses of reverse mortgage borrowers. The new rules apply to HECM reverse mortgages – Home Equity Conversion Mortgages – which are federally insured and backed…

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Florida hurricane
Florida Homeowners Face Insurance Hikes, Policy Cancellations
May 28, 2021

Floridians pay more for homeowners insurance than residents of any other state, according to the Insurance Information Institute. Premiums continue to increase dramatically. The average Florida resident will pay premiums of $2,380 this year, a 21% increase over 2018. Owners…

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Florida Medicaid
If I Apply For Medicaid, Will The State Of Florida Take My Home?
May 25, 2021

Many people have misconceptions about the rules for obtaining Florida Medicaid benefits for nursing home costs. This is not surprising, considering that the Medicaid program is vast, and its rules are complex and differ from state to state. Before clients…

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business agreement v. last will and testament
When Your Business Agreement Doesn’t Agree With Your Will
May 16, 2021

Estate planning clients frequently come to us who are parties to business agreements such as limited liability companies, shareholder agreements, partnership agreements, corporations. These agreements routinely include clauses that govern who may inherit the shares of deceased partners. If you…

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disinherit child in Florida
Disinheriting Your Estranged Adult Child: Factors to Consider
May 13, 2021

Parents with estranged adult children: An unfortunate situation that our attorneys see increasingly often these days. Sometimes parents and their adult child have not spoken in years. Sometimes the child will stay in touch with siblings or other family members;…

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Jonathan D. Karp
Attorney Jonathan Karp Joins Alzheimer’s Walk Executive Leadership Team
April 22, 2021

Attorney Jonathan D. Karp has joined the Executive Leadership Team for the 2021 Palm Beach Walk to End Alzheimer’s. As Community Engagement Chairperson, Mr. Karp is responsible for engaging sponsors and recruiting teams for the event, scheduled for Saturday, October…

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homeowners
Check Homeowner’s Insurance Policy After Putting Your House In Trust
April 21, 2021

If you are a Florida resident, having a living trust as the cornerstone of your estate plan can offer many benefits. Among them are probate avoidance, privacy, possible tax advantages, and the ability to set conditions on your heirs’ inheritances….

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IRA
Non-Spouses Who Inherit IRAs Could Be Required To Take RMD’s
April 17, 2021

From the law is a moving target department: The SECURE Act (Setting Every Community Up For Retirement Enhancement) became law on January 1, 2020 and made several changes to the rules for retirement accounts. One provision is that non-spouse beneficiaries…

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Despite Covid, 2/3 of Americans Still Lack A Basic Estate Plan
April 16, 2021

Covid has been a reality check for many of us: A brutal demonstration that life can turn upside down in an instant, and that no one is invincible. But if you think that knowledge would spur most people who do not…

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