Blog
If I Create a Revocable Living Trust, Do I Still Need a Will?
Yes, and the document says last will and testament but it's commonly referred to as a pour-over will. It's kind of like a whoops, if on the day that I die, I own assets that are not in my trust or they haven't been funded or retitled in your trust, then the will...
If my Spouse is Going Int a Nursing Home, Can he Transfer all His Assets?
Yes, there is no look-back time period when you're transferring assets from one spouse to the other. I know it's not romantic or sexy, but spouses are looked at as one unity, one entity. So then the question becomes, are you above or bellow what the threshold is to be...
Can a Spouse Transfer Their Assets to Qualify for Medicaid?
Yes, there is no lookback time period when you're transferring assets from one spouse to the other. I know it's not romantic or sexy, but spouses are looked at as one unity, one entity. So then the question becomes, are you above or bellow what the threshold is to be...
I Heard Medicaid Can Take Our House for Reimbursement, Is That True?
If the Medicaid planning process is done properly, no they will not be able to take your Homestead property. Homestead here in Florida is exempt from creditor's claims and from the Medicaid estate recovery department when you pass. If you have more questions regarding...
In a Power of Attorney, Who is the Agent and Who is the Principle?
In a power of attorney the principal is the person signing the document so they're the one giving the power. The agent is the person you nominate inside there, the person who will act on your behalf. So if I was to create a power of attorney and I named my daughter, I...
Is an Agent Acting as my Power of Attorney Required to Disclose Receipts Disbursements and Transactions?
Surprisingly the answer to this question is, no. The agent is not required to release that information unless the principal requests it from the agent, unless the court orders the agent to turn the information over, or the principal dies and the personal...
Is Signing a Will a Formal Process?
Here in the State of Florida, signing a will is a formal process. You want to make sure you have two witnesses and a notary. You want to make sure that all of those people are not related to the person signing the document, and the will also needs to be self-proved....
Must The Personal Representative Post a Bond?
Oftentimes, in most wills they'll be a provision that says, "My personal representative does not have to post a bond." However, many of the counties here in the state of Florida require the personal representative to post a bond. Personally, I think it's a good idea...
Should I Consider Life Insurance During the Estate Planning Process?
Yes, I think life insurance can definitely serve a place in the estate planning process. I like flexibility in planning. So if you have someone that's young or middle age, maybe you need a life insurance policy to pay off the mortgage on the house if you were to pass...
What Are Digital Assets?
Digital assets are all being overlooked when doing estate planning. Digital assets are things like your email account, domain names, account registrations, Bitcoins, even your personal cloud. Everybody has their own personal cloud nowadays. These are all examples of...