When you’re the caregiver of a loved one with special needs, you make important decisions every day. Sometimes those decisions are life-changing – for you and your loved one. Often, caregivers enlist the help of experts: therapists, medical specialists, and other advisers. It’s also important to consult with an attorney. An attorney who understands the needs...
Perhaps a family member or close friend has asked to name you to be their agent under a power of attorney. It sounds like an easy thing to do, but you’re not sure what your responsibilities would be. Before you say ‘yes,’ here are some things you should know about serving as someone’s agent under a...
Establishing a dynasty trust has some major benefits for those seeking to protect generational wealth. One of the primary purposes of a dynasty trust is to shelter family assets from the effects of transfer taxes for generations. Here’s what you need to know about them. What are they? The purpose of the dynasty trust is similar...
In Florida, you may be able to protect the value of your primary residence, including the building and the land, from creditors, and receive a discount on property taxes. If you meet the qualifications of homestead in Florida, you will want to make sure you take full advantage of all the benefits. Florida homestead laws are...
After setting up a revocable living trust, too many people think that their estate planning is done, once and for all, and can be checked off the list.  The fact is, however, that regular reviews of a revocable living trust, and other estate planning documents, are essential. Here are five of the most important reasons you...
No one wants to find themselves in the situation where their assets are at the mercy of creditors and they are powerless to staunch the assault. However, some of the options for asset protection in this kind of situation can appear to be limited and unattractive. Moving assets offshore may be impractical and expensive. Placing them...
While Hollywood movies may give the impression that a scrawled bequest on a scrap of paper found in a long-lost safe deposit box will automatically result in the heroine rightfully inheriting her fortune, if the story takes place in Florida, the heroine is likely out of luck. This is because Florida follows a simple, but profound...
A Standalone Retirement Trust can be an incredibly useful estate planning tool. Suppose you have an Individual Retirement Account (IRA) which is not fully depleted at the time of your death. Where do you want that money to go, and how do you want it to be distributed? While you can name a specific beneficiary (or...
So, you’ve decided to set up a trust. If you want to ensure that your trust is executed in exactly the manner in which you intended, it is absolutely vital that you select an appropriate trustee to administer your trust. While the specific duties of a trustee may vary depending on the type of trust being...
When you have loved ones in your life with special needs, they require extra care and attention in order to provide for those needs. Special needs, broadly defined, are needs that arise from a significant disability, usually medical or psychological in nature. It could be a physical disability such as blindness or a mental disability such...