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As we age, the need for long-term care becomes increasingly likely, with many seniors requiring assistance with daily living activities such as bathing, dressing, and eating. The cost of long-term care, whether provided at home, in an assisted living facility, or in a nursing home, can be exorbitant, quickly depleting a lifetime of savings…. Read More »
Estate planning is an essential process for individuals and families to ensure their financial affairs are in order and their loved ones are taken care of after they’re gone. One essential aspect of estate planning that cannot be overlooked is planning for long-term care. There may come a time when an individual requires long-term… Read More »
When it comes to securing your financial future and ensuring your healthcare needs are met in your golden years, understanding the intricate relationship between estate planning and Medicaid is crucial, as both concepts can play a major role in your future. Below we discuss the essential link between estate planning and Medicaid, highlighting the… Read More »
One of the qualities that sets us apart from almost all other elder law firms in West Palm Beach is the fact that our lead attorney, G. Mark Shalloway, is certified as a specialist in Elder Law by The Florida Bar. Just so you know that board certification isn’t just some “participation trophy” that… Read More »
Pretty much every estate plan should include a basic set of documents, including a will, revocable living trust, power of attorney, and advance directives for healthcare. Each document should be individually prepared and custom-tailored to the needs of the individual and their family. For many, additional documents are needed for a complete estate plan,… Read More »
Elder law is a vital area of legal practice that focuses on the needs of older adults, particularly in areas like estate planning, healthcare, guardianship, retirement, Social Security, and, notably, planning for Medicaid and long-term care. As we age, the likelihood of requiring long-term care services increases, making it essential to understand how an… Read More »
If you are new to estate planning in general or revocable living trusts in particular, you might just now be familiarizing yourself with the legal names for the parties involved in a typical trust, such as “Settlor,” “Trustee,” and “Beneficiary.” You might then be wondering what a “successor trustee” is and whether your trust… Read More »
Understanding the intricacies of healthcare insurance can be overwhelming, especially when it comes to distinguishing between Medicare and Medicaid. Both are federally funded programs aimed at helping individuals access healthcare services, but there are important distinctions between the two. For instance, Medicare is open to people once they reach a certain age, while eligibility… Read More »
Estate planning, in part, involves deciding how to distribute the contents of your estate to family members, friends, charities, and other individuals or institutions you choose to remember in your will or trust. Your “estate” is not just “real estate,” such as a house, land, or investment property; it is everything you own. A… Read More »
Whether you are planning out how to distribute your estate after your passing or you stand to receive a large inheritance in Florida, you may be wondering, Does Florida have an inheritance tax? This is an important and relevant question to ask no matter which side of the equation you are on. Read on… Read More »