Who are the death beneficiaries for your assets? Many of us forget to keep track of beneficiary designations as time goes by. However, keeping designations current is critical to ensure that the right people inherit your assets. That is why…
more
Beginning January 2025, the final rule is in effect for non-spouses who inherit a qualified plan (IRA, 401k, 403b, 457). If you plan to pass down a qualified plan or expect to inherit one, read on for details. Background The…
more
Nothing illustrates a general principle better than a real-life example. In this post we give you the example of Bitetzakis v. Bitetzakis. It demonstrates why your estate planning documents should be created by, and their signing supervised by, an experienced…
more
This post brings you up-to-date on recent developments regarding the MV Realty scam. Attorney Joseph Karp alerted the Florida Attorney General to the scam when he discovered that an elderly client had signed what he considered to be an unconscionable…
more
According to the U.S. Department of Health and Human Services, if you are 65 now, you have a 70% chance of needing some form of long-term care in the future. Long-term care could be an at-home caregiver, adult day care,…
more
We are often asked if Medicaid nursing home benefits can be transferred to Florida from another state. Usually the question comes from an adult child who wants to bring a parent to Florida so that the parent can get more…
more
If you use the internet – and if you are reading this, clearly you do – chances are you have been the target of a tech support scam at some point. It goes like this: You get a call, email,…
more
The year 2025 has brought changes to the unified gift and estate tax exemption, and the annual gift tax exclusion. Federal Estate Tax Exemption The federal estate tax is levied on gross taxable estates. A taxable estate includes trust assets,…
more
Congratulations to Certified Elder Law Attorney Joseph Karp. He has once again been named an AV Preminent Attorney by Martindale Hubbell. It is the attorney rating organization’s highest possible rating for both professional expertise and ethical standards. Inclusion in the…
more
The Florida homestead exemption deducts a certain amount of assessed value from your primary residence, thereby reducing the property tax you owe on your home. The basic exemption can be up to $50,000. To be eligible for this year’s exemption,…
more
