Florida Elder Law & Estate Planning Blog

Six Estate Planning Steps If You Have Minor Children
March 5, 2024

Every adult with people and assets to protect needs a plan to protect loved ones in the event of incapacity or death. And what better example of a person with people to protect than the parent of a minor child?…

ABLE Accounts: Onset Age Raised To 46
March 13, 2023

The Achieving a Better Life Experience (ABLE) Act of 2014 had a huge positive impact on some people with disabilities. The legislation allowed them to work and save – without losing vital government benefits. Prior to the legislation, benefits such…

ABLE Account Annual Contribution Limit Rises
February 26, 2022

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…

long-term care insurance
Long-Term Care Insurance Can Safeguard Assets, and Premiums May Be Tax Deductible
November 13, 2020

The American Association for Long-Term Care Insurance reports that as of January 1, 2020,  7.5 million Americans have some form of long-term care insurance. If you are thinking about purchasing a long-term care insurance policy, you should take into consideration…

Renown Dementia Expert Coming To Florida
Renown Dementia Expert Coming To Florida
March 9, 2020

Dementia care expert Teepa Snow is making several presentations in our area this month. An occupational therapist with over 40 years of experience, Ms. Snow helps families and professionals understand how it feels to live with a neurodegenerative disorder. Her…

ABLE United Princesa Collage
Congress Considering Raising ABLE Account Age Threshold
December 16, 2018

In prior blog posts we told you about the ABLE (Achieving a Better Life Experience) Act. The 2014 legislation allows individuals with qualifying disabilities to save in tax-advantaged accounts. The main advantage of the account is that it allows eligible…

Tim Conway
With Comedian Tim Conway Incapacitated, A Familiar Family Drama Unfolds – Make Sure It Doesn’t Happen to You
October 7, 2018

On November 2 a Los Angeles judge is scheduled to decide who will serve as guardian for Tim Conway: His wife of 33 years, Charlene, or his daughter from his first marriage, Kelly Fusco. The case has been postponed until…

IRS eases up on ABLE account regulations
December 9, 2015

As we reported earlier this year, Congress passed legislation in 2014 authorizing the establishment of tax-free ABLE accounts (acronym for “Achieving a Better Life Experience”). The ABLE program permits a disabled individual to maintain assets above $2,000, the current limit…

ABLE Act allows people with disabilities to save and still keep government benefits
ABLE Act allows people with disabilities to save and still keep government benefits
February 11, 2015

The recently passed ABLE Act (“Achieving a Better Life Experience”) amends section 529 of the IRS code, allowing people with disabilities to save for the future and still be eligible for means-tested federal benefits. Prior to passage, special needs individuals…