Blog
Can I Control How My Money is Left to my Children?
Yes, most definitely. This is your money. It's your property. You can control how the money is going to be left to your heirs. If you want to leave it to them outright, if you want to set it up in percentages over a period of time, if you want to hold it in trust...
Can I Name Two People to Serve as my POA at the Same Time?
Yes, you can name two people to serve as your agent at the same time, they would be co-agents. It's just a bad idea in application. Say, for example, the first person you name as a co-agent goes into the bank in the morning and says, "Hey. I need you to surrender...
Can I Transfer my Assets Just Before Going into a Nursing Home to Qualify for Medicaid?
Yes, you can do that. It makes me a little nervous when you say transfer, because you can't give assets away. Gifting assets creates periods of ineligibility, but there are proper legal planning techniques and tools that we have here in the state of Florida that we...
Does a Revocable Living Trust Protect my Property from Creditors?
A revocable trust does not protect your assets from creditors. You are the grantor, you set up the trust. You are the initial trustee, you manage and administer the trust and you are the beneficiary. It's your money, it's your property. Because of that, the trust does...
Do I Need an Attorney for Estate Planning?
Do you have to have an attorney? No. Do you want to have one? Yes. An attorney's going to take things and be more in depth with it and handle your specific situation, whereas a paralegal's just going to fill in the blanks on a form. So you most definitely want to have...
Do I Need a Living Will, Health Care Proxy and Power of Attorney?
I think everybody over the age of 18 needs to have a durable power of attorney, in case something happens, somebody can handle your financial affairs for you. A healthcare surrogate, and a living will in case something medically happens to you, you've already made a...
Do we Need to go Through Probate if there is a Valid and Non Contested Will?
Yes, having a will means you're going to go through probate, a will is the car you drive through the town called probate, that's its purpose. For more answers to commonly asked questions, head to our YouTube Channel. Contact our firm with any questions you may have.
For a Person on Medicaid, What is the Personal Needs Allowance?
When an individual's on medicaid here in the state of Florida, all of your income goes as a copay to the facility, except for a couple things. The first would be the premium payment for your medicare supplement or the premium payment for prescription drug coverage....
How Do I Fund a Trust?
Funding the trust is actually probably the most important part of the process. If the trust is not funded, if the assets are not titled to the name of the trust, it's not worth the paper it's printed on. So, the way to fund the trust is you have to re-title assets in...
How Vulnerable is a Home to a Lawsuit?
Here in Florida, we have something called homestead. If your house, if that house is your homestead, it is protected from creditors and judgments. So, if somebody wins a lawsuit against you, they will not be able to take your house. The only people who potentially can...