Florida Elder Law & Estate Planning Blog


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…

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medicaid
Florida Medicaid Eligibility Numbers Change January 1, 2022
December 24, 2021

  Many Florida seniors and their families incorrectly assume they will not qualify for Florida Medicaid benefits for long-term care because they do not appear to meet all the financial criteria. This post tells tells you how, with guidance from…

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Medicaid Personal Services Contract
Personal Services Contract Can Help You Qualify For Medicaid Nursing Home Benefits, Preserve Assets
September 7, 2021

    It is a common misconception that you cannot get Medicaid benefits for long-term nursing care until you “spend” down” your nest egg. Depending on your specific circumstances, there are a variety of legal tools that can be employed…

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Florida nursing home Medicaid benefits
Two Florida Medicaid Changes to Know About
July 18, 2021

The eligibility criteria for Florida Medicaid benefits are always changing. Our Florida elder law attorneys stay current with every change. With expert planning from The Karp Kaw Firm’s attorneys, your loved one may qualify for benefits without you having to…

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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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Florida Long-Term Care Costs Increase
Florida Long-Term Care Costs Increase
February 13, 2021

The cost of long term care in all forms continues to increase, to no one’s surprise. The 2020 Genworth Cost of Care Survey was just released, revealing continuing cost increases in Florida as well as nationally. Costs in 2020 of…

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florida medicaid benefits
Florida Medicaid Eligibility For Nursing Home Care: Three Rule Changes You Should Know About
January 25, 2021

Many Florida seniors who require nursing home care incorrectly assume they will not qualify for Florida Medicaid benefits because they do not initially appear to meet all the financial criteria. This post tells you about recent changes in those criteria,…

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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…

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Florida Durable Power of Attorney
Want Florida Medicaid Benefits For Nursing Home Costs? First You’ll Need The Right Power of Attorney
October 21, 2020

Every Florida adult needs a valid Durable Power of Attorney. This essential legal document gives one or more people – your “agents” – the authority to handle financial matters on your behalf. It provides you with important protections, one of…

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Medicaid Spousal Allowance
Florida Medicaid Rules For The Well Spouse’s Income
July 20, 2020

Florida rules for long-term nursing care are complicated and are actually a combination of both state and federal regulations. Among the rules of great importance for married couples is the Minimum Monthly Maintenance Needs Allowance, or MMMNA. What is the…

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