Good news if you are a grandparent who owns a 529 account, and for your account beneficiary: Beginning in the 2024-2025 school year, contributions you make to a 529 plan need not be reported on the student’s FAFSA application (Free…
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Recently we told you about recommendations issued in 2021 by the Florida Guardianship Improvement Task Force. Most court-appointed guardians are sincere and well-meaning and do good work – but the system itself is not as good as it should be….
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The Medicare general enrollment period ended March 31, 2022, but some people who missed the deadline are getting more time. One signs up for Medicare through Social Security. Social Security field offices were shuttered for many months, having re-opened only…
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Mary Daniel made headlines in 2020 when she took a dishwashing job at an assisted living facility in Jacksonville, Florida. The facility had been locked down due to Covid. Taking the job was the only way Daniel, 57, could get…
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The Karp Law Firm participated in several professional and educational events in May 2022. Social Worker Appreciation Luncheons The firm participated in two Social Worker Appreciation events, held May 10 in West Palm Beach and May 13 in Port St….
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V.A. Aid and Attendance benefits can help elderly and disabled veterans and their widows/widowers pay for the cost of in-home care, assisted living, or nursing home care. Certain income and asset criteria must be met in order to qualify. This…
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A trust can be an effective estate planning tool for clients who desire a level of control over their assets. A trust allows you to place various “qualifiers” and incentives on distributions to beneficiaries. You can direct your trustee to…
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We often note in our posts that when leaving an inheritance to children, “equal” is not always “fair.” This applies if your children are adults, and it also applies if one or more of your children are minors. A prudent…
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It is well-known that the probate process in Florida can be drawn out and cumbersome. That is why so many Florida residents build their estate plans around a revocable living trust, which if properly set up and funded, avoids probate….
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The Federal Deposit Insurance Corporation is changing its policy for trust accounts effective April 1, 2024. If you are a typical depositor, you should experience no change in coverage and will not need to take any action, says the agency….
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