To qualify for Medicaid in Florida, you must meet certain income and asset limits. Single applicants can earn up to $2,829 per month and have assets up to $2,000. For married couples, the combined income limit is $5,658 per month, with assets up to $3,000. Many people...
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Guardianship in Florida: Understanding the Drawbacks and Strategies for Avoidance
Introduction: Guardianship is a legal arrangement in which a court appoints a guardian to make decisions for an incapacitated individual. While it serves a crucial purpose in protecting vulnerable individuals, it comes with its own set of disadvantages. In this...
Safeguarding Your Legacy: Top 3 Ways to Avoid Probate in Florida
Introduction: Probate can be a time-consuming and costly process that many individuals aim to avoid. Fortunately, in Florida, there are several strategies available to bypass probate and streamline the transfer of assets to your loved ones. In this article, we'll...
The Cost of Probate in Florida: What You Need to Know
Introduction: Probate can be a complex and costly process, and understanding the potential expenses involved is crucial for both estate planners and beneficiaries. In Florida, the cost of probate can vary depending on several factors. In this article, we'll explore...
Mitigating Trustee Liability in Florida: Top 3 Actions Trustees Must Take
Introduction As an attorney well-versed in the intricacies of the Florida Trust Code, you understand that serving as a trustee comes with significant responsibilities and potential liabilities. Trustees are entrusted with the management and protection of trust assets...
Don’t Forget About the Accounting Requirements as a Successor Trustee in Florida!
Introduction As an attorney assisting clients in trust matters, a failure to provide an accounting to qualified beneficiaries is one of the most common issues I see in practice. As a successor trustee, it is crucial to grasp the significance of accounting...