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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If the court decides you can’t make your own decisions due to incapacity, it will appoint a guardian for you. You then lose the right to make your own decisions. Your guardian gets extensive authority over your life, from deciding…
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Keep your eye on the on the Securing A Strong Retirement Act, aka Secure 2.0 (HR 2954). The bill passed the House on March 30 with overwhelming bipartisan support and now heads to the Senate. The bill attempts to make…
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Will Medicare continue to cover the cost of virtual visits with your doctor? The answer is yes – at least temporarily. The Consolidated Appropriations Act, effective March 15, 2022, extends telehealth services for an additional 151 days following the end…
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Being placed under court-ordered guardianship means that the court has found you incapable of managing your own affairs, and has appointed a guardian to make decisions for you. The guardian may be someone who does not know you and who…
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Elder Law and Estate Planning Attorney Joseph Karp was the featured speaker at the South Palm Beach Quest for Knowledge program on March 14, 2022. The presentation addressed “What Floridians Need To Know About Life Planning and Death Planning in…
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Admitting a loved one into a nursing home can be an extraordinarily stressful experience, even when you know it is the best option for your loved one and for you. Yet it is precisely at this emotionally challenging time that…
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Effective January 1, 2022, the maximum annual contribution to an ABLE account is $16,000 (up from $15,000). Florida was among the first states in the nation to establish ABLE saving accounts. ABLE is the acronym for “Achieving A Better Life…
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