Floridians are beginning to receive their new Medicare cards. Unlike the old cards, your new card will not display your Social Security number. Instead, you will have a unique “Medicare Beneficiary Number.” (Note that if you are enrolled in a…
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ABLE (Achieving a Better Life Experience) accounts allow individuals with disabilities to save in a tax-advantaged account without jeopardizing eligibility for Medicaid or other federal benefits. Funds in an ABLE account may be used only for qualified disability-related expenses and…
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Spider Man. Ant Man. The Fantastic Four. The Hulk. These comic book superheroes sprang from Stan Lee’s imagination and made their creator a wealthy man. But at 95, the Marvel mogul’s own powers appear diminished, potentially putting him and his…
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Florida has passed the Electronic Documents Act (HB 409). Signed by Gov. DeSantis on June 7, 2018, it allows for electronic signing, witnessing and notarization of wills and other estate planning documents, and outlines strict standards that must be followed…
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On March 15, 2018 the Fifth Circuit Court of Appeals struck down the Department of Labor’s proposed fiduciary rule. As we reported in November 2017, that rule was intended to curb conflict of interest by financial professionals who offer retirement account…
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The Karp Law Firm is one of the sponsors of the Area Agency on Aging’s 26th annual Prime Time Awards Breakfast. The May 24 event honors seniors in Palm Beach, Martin, St. Lucie, Okeechobee and Indian River counties who have…
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Nat Shaffir has seen more than most. A lot more. Born in 1936 in Romania, he later managed to escape Nazi-occupied Europe. He was shot at while serving as a paratrooper in the Israeli army. He made his way to…
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Estate Tax Exemption Changes, But Not Permanently 1-1-2018 – Effective January 1, 2018, the federal lifetime estate and gift tax exemption has doubled. An individual may now pass $11.2 million estate tax free. With portability, a married couple may pass…
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Effective January 1, 2018, the Internal Revenue Service raises the total amount that may be contributed to an ABLE account to $15,000 (was $14,000). The ABLE account (“Achieving a Better Life Experience”) allows an individual with disabilities to save in…
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While the majority of Americans worry about having enough money just to last their lifetime, there’s a vastly smaller group with a different set of concerns: Ultra-wealthy seniors who live in luxurious surroundings, and want to keep it that way….
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