Qualified Plans into Testamentary Trusts

“Carmen” had a daughter “Julie” who had disabilities and was on Medicaid among other government programs. When Carmen prepared her estate plan, she told her attorney about Julie’s disabilities and government benefits. As opposed to Medicare which most retirees are eligible for, Medicaid is a government health care program for those without money or income. […]

Trust Creditor Protections

 Are the assets in your revocable trust outside of the reach of your creditors?  During your lifetime, the answer to that question is “No.” Many clients mistakenly believe that by creating a revocable living trust, they protect their assets from the claims of divorcing spouses, predators and creditors. This isn’t the case. When you transfer […]

Florida Homestead Descent and Devise

In addition to the annual savings, claiming Florida homestead entitles you to a cap on the annual increase to your home’s assessed value. Even if the value of your residence exceeds a 3% increase, the appraiser’s office can only increase the value by 3%.  Over the years, the “Save Our Homes Property Tax Assessment Cap” […]