Florida Elder Law & Estate Planning Blog


University graduate – at age 96
September 16, 2020

Age? Just a number for Giuseppe Paterno. On July 29, he became the oldest person ever to graduate college in Italy, reports Reuters. Paterno is 96. Born in Sicily in 1923 into humble circumstances, higher education wasn’t in the cards…

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CARES Act changes retirement account rules
March 27, 2020

The CARES Act (Corona Aid, Relief and Economic Security Act) signed into law on March 27 provides $2 trillion in relief for Americans impacted by the COVID19 pandemic. Among its many provisions, the law relaxes several rules for retirement accounts…

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2020 U.S. Census Begins
2020 U.S. Census Begins
February 25, 2020

The 2020 census begins in mid-March. That is when the U.S. census bureau begins sending postcards to all U.S. households requesting their participation. You should receive the correspondence by April 1. This is the first time that households may provide data…

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SECURE Act Makes Big Changes To Retirement Plans
January 2, 2020

The SECURE Act has just been signed into law and went into effect January 1, 2020. Short for Setting Every Community Up for Retirement Enhancement, the legislation makes sweeping changes to the rules for retirement plan savings. We are in the…

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Portrait of an elderly woman sitting alone in a senior care facility
Medicaid Eligibility Rules Have Changed
January 1, 2020

Florida Medicaid has revised several eligibility criteria that must be met to receive benefits for long-term nursing home care. These changes went into effect on January 1, 2020. The Medicaid applicant’s gross monthly income cannot exceed $2,349 per month (was…

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Blue Water Vietnam Veterans Again Denied Agent Orange Benefits
Retirement Isn’t For Everyone – Just Ask These Lawyers!
January 5, 2019

Retirement isn’t for everyone. If health holds out, some people want to keep working. Just ask Attorney Martin Katz, whose remarkable career was covered in a recent Associated Press article. At the age of 99, Katz works as a special…

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401k
Beneficiary Designations: So Much Can Go So Wrong If They’re Not Right
November 2, 2018

I was contacted some months ago by  “Patricia.” She had read my Palm Beach Post article about 401K beneficiaries and it immediately reminded her of a situation that had occurred in her own family.  She suggested my readers would benefit…

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Retirement
MyRA retirement savings program now terminated
September 3, 2017

The Obama Administration introduced the myRA program in 2014. Designed to help low- to middle-income earners with no workplace retirement plans begin saving for retirement, the myRA program was open to married couples and individuals with adjusted gross incomes up…

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Retirement
Trump executive order creates more uncertainty for retirement advisor fiduciary rule
February 11, 2017

As I explained in this  June 2016 post, a Department of Labor policy, originally set to go into effect April 1, requires brokers giving advice on retirement accounts to put their clients’ best interests above their own. For example, given…

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deadline
IRS relaxes rule for late retirement plan rollovers
September 24, 2016

Taxpayers rolling over a distribution from an IRA or other retirement account into another account must complete the rollover within 60 days of taking the distribution, or face paying income tax on those funds. In the past, if you failed…

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