Miller Trusts Can Help You Qualify for Medicaid
Many seniors find themselves in need of Medicaid to pay for their long-term care but are surprised to learn that their modest monthly income may disqualify them. The reason for this is that Medicaid is a “means-tested” benefit. In other words, you must not have income exceeding certain thresholds in order to...
Pros and Cons of a Medicaid Asset Protection Trust
A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care.
What Is a MAPT?A MAPT is an irrevocable trust created during your lifetime. The primary goal of a MAPT...
What Are Medicaid Asset Protection Trusts?
Medicaid is a state- and federally funded health program for lower-income persons of all ages. For applicants who fall into certain categories, Medicaid imposes specific rules on how much income and resources they can have and still qualify for benefits.
Each state has different rules for how much an...
Bankruptcy Lawyer in Florida: Understanding the Impact of Divorce
If you and your spouse are considering filing for bankruptcy and divorce in Florida, the parallel processes can be tricky as much as they can be detrimental to your unique situation. Several factors must be taken into consideration. Timing is important and can affect the complexity, costs, and outcomes of both sets of proceedings.
Five Common Mistakes with “DIY” Estate Plans
Considering the current pandemic, many Americans are becoming aware of the importance of creating or updating their estate planning documents. With the extension of some states' stay in place orders, it may be tempting to create your own documents all on your own. Whether you are considering writing your own will or...
Protect Your Finances From Coronavirus Complications
Many Americans spend a lot of time and effort in managing their finances. While most are worried about how the coronavirus (COVID-19) will impact their income, there is another way COVID-19 can wreak havoc on American's finances: lack of incapacity planning.
As the coronavirus continues to expand across the...
COVID-19: Estate Planning Steps to Protect Yourself and Your Loved Ones
News about the coronavirus is everywhere, and we have all been affected by it in some way, even if we are currently completely healthy. Although it may seem as though circumstances are spinning beyond our control, we are not powerless. There are steps we can take to protect ourselves and our families,...
Preparing for Coronavirus: The One Legal Document Every Adult Needs to Have in Place
As the coronavirus continues to disrupt daily life and leave Americans uncertain of the future, you don't have to feel helpless during this pandemic. In fact, now is a great time to be proactive and plan ahead should you or a loved one fall ill. One of the most important and relatively...
Legal Considerations for Your Business during a Pandemic: Responding to COVID-19
In a matter of weeks, the COVID-19 pandemic has impacted the world and forced communities to reevaluate everything. Despite the unpredictability that has accompanied this global crisis, it is not too late to implement changes to protect you, your employees, and your business. Here are some tips and strategies to help you...
Spring Cleaning Your Estate Plan
Your estate plan, like your home, periodically needs a thorough polishing. Your life circumstances are constantly changing, and an estate plan that perfectly met your needs a couple of years ago may now be cluttered with outdated provisions or documents. Now that Spring is here, it is the time to dust off...