Our office frequently receives calls from adult children whose parents have entered or are about to enter long-term nursing care. Accustomed to Medicare covering their parent’s medical bills, they now face a frightening fact: Medicare will not cover their parent’s…
more
Clients often ask us about creating a lady bird deed for them. They have heard that this type of deed can be useful for both Medicaid planning and probate avoidance. While it is true that a lady bird deed confers…
more
Medicaid law changes frequently. Our elder law attorneys carefully monitor changes in order to properly advise clients seeking Medicaid nursing home benefits. We can often recommend legal steps that allow clients to protect their assets and retain a good portion…
more
In recent years there has been a proliferation of individuals who refer to themselves as “Medicaid planners” but who are not licensed to practice law. They claim to have the expertise to help clients become eligible for Medicaid nursing home…
more
Families and individuals with significant assets will have new opportunities in 2023 to transfer tax-free wealth to their heirs. Your estate planning attorney can provide you with guidance on any gifting you should be doing to take advantage of the…
more
There have been changes to two key numbers Florida uses when assessing an applicant’s eligibility for Medicaid nursing home benefits. These changes went into effect July 1, 2022. Minimum Monthly Maintenance Needs Allowance The income of an applicant’s spouse is…
more
Oh My God I’m Getting Older And So Is My Mom on July 18 featured Joseph Karp and Jonathan Karp. The father-son lawyer duo had a lively discussion with host Scott Greenberg about some intriguing topics: why some people are…
more
Florida Medicaid’s Minimum Monthly Maintenance Needs Allowance, MMMNA for short, increases to $2,288.75 effective July 1, 2022 (up from $2,177.50). This is an important change if you or a loved one apply for Medicaid benefits for nursing home care in…
more
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…
more
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…
more
