Tag Archives: The Villages Estate Planning Lawyer
Florida College Savings: A terrific way to give
For Florida seniors looking to lower their taxable estate, annual gifts may be just the ticket. Many seniors wonder about this because not too long ago estate taxes were a real threat to upper middle class earnings. This is not as true these days, as the maximum exclusion limits risen significantly. Nevertheless, there are… Read More »
Retired and Working: What Seniors are Doing to Supplement Retirement Income
Traditionally, retirees would move to Florida with a healthy retirement already planned and in place. This included the standard three-legged stool: Social Security, employer-sponsored retirement (pensions and 401K accounts), and individual savings. These three methods of accruing wealth and stability in old age offered seniors the ability to largely replace their income. Elder law… Read More »
Will the Nursing Home Take My House?
Clients often wonder what will happen when and if they must go to a long-term skilled nursing facility. Fears may range from practical financial concerns, such as whether their retirement will be sufficient to cover the expense or whether they will become a financial burden on their children to more unspeakable fears like mistreatment… Read More »
What is Aid and Attendance and How can it Help?
The U.S. Department of Veterans Affairs (VA) has some great programs to help elderly veterans, even beyond the typical assistance of other programs like Social Security and Medicare. However, there is a lot of misinformation on the internet, and sometimes clients will approach experienced elder law attorneys in The Villages, asking about applying for… Read More »
Alabama Supreme Court Upholds Nursing Home Arbitration Agreement Preventing Lawsuit for Injuries
When admitting a loved one to a long-term care facility, contracts must be signed. In those contracts are little-known and little-understood clauses called “arbitration agreements.” These clauses state that if there is any dispute between a resident and his family, the parties must use a third-party arbitrator instead of going to court. In short,… Read More »
Dispute over B.B. King’s Estate: Executors and their Role
According to NBC, blues legend B.B. King’s will is being contested by family members. Specifically, King’s heirs are challenging the will’s named executor, LaVerne Toney. Toney was King’s longtime business manager, as well as King’s power-of-attorney. King’s family – a representative board of five of King’s 11 surviving children – claims that Toney isolated… Read More »
Changing Family Structures Impact Estate Planning
Family structures and dynamics have changed drastically over the last several decades. The New York Times reports that the birthrate in the U.S. is half of what it was in 1960. Fewer women are having children – 10% fewer women are having children than in the 1970s, and 41% of children are born to… Read More »
What is a Will and Do I Need One?
The prospect of estate planning can be daunting. There are different instruments – wills, trusts, powers of attorney – and they can be difficult to understand. It can be complicated to figure out which instruments are best for you. A good place to start is to understand your options. What are wills? Wills are… Read More »
