Before you turn 59 ½ you will incur a 10% penalty for withdrawing money from your IRA. However, there is an exception for people who are below the minimum age requirement but are considered [...]
Even if your gross income (prior to deduction) is above the minimum required to qualify for Medicaid ($2,199 for 2015), you may be able to become eligible by setting up a Qualified Income Trust [...]
Certain assets by their very nature can avoid probate. Probate is not necessary to transfer certain jointly owned non-probate assets because these assets pass by operation of law. In Florida, [...]
Probate can be necessary or appropriate in certain cases. However, these are some common disadvantages to probate. Probate in Florida can be a lengthy process which can begin as [...]
Probate can be a good option for those who do not want to spend money during their lifetime on legal fees to prepare Trust documents. Allowing an estate to go through probate would instead cause [...]
Probate assets include assets for which the deceased person was the sole owner or jointly owned assets which lacked provisions for automatic succession of ownership at death. Non-probate [...]
Probate is a court-supervised process for identifying and gathering the assets of a deceased person, paying their debts, and distributing their assets to beneficiaries only after some of [...]
Enacted legislation (HB 1001) that will go into effect on July 1st, 2015 will provide more consumer protections to patients in assisted living facilities. This bill seeks to better and more [...]
Were you an account holder for a financial account located outside of the US valued at over $10,000 in 2014? If so, you must file an FBAR by June 30th. An FBAR, also known as Form 114, must be [...]
A January 15, 2015 ruling by the Florida Supreme Court makes it illegal for a non-lawyer to provide services assisting in Medicaid planning. The decision classifies the following actions as the [...]
