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All estate plans start with a will. This is a very important legal document that outlines the final wishes of the testator. The will can provide instructions on who should receive assets. It can also declare guardians to look after minor children. Life is not static,...
When planning your estate, having advance directives can be helpful in making sure your medical and financial decisions are respected if you're unable to communicate them. To be effective, advance directives should be carefully prepared, taking into account key...
It's a situation no one wants to encounter. A loved one is in critical condition, and no one knows their wishes for medical treatment. Without advance directives, you place your family in a heartwrenching position, wondering if they're doing the right thing. What are...
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...
Over the past 20 years or so, social media has become increasingly consequential and increasingly prevalent in American life. If you’re like most Americans, you spend considerable time on at least one social media account. As such, it’s important to consider what will...
Long-term care options are costly and aren’t covered by Medicare. Because of this, some people have to determine how they will pay for the care they need. One option is Medicaid, but this is a needs-based program that comes with strict income and asset limits. People...
Most people have heard of wills. However, most people also don’t think that a will applies to their lives, at least not until they get older. Over half of the population is currently without a will. There are several reasons for this, but one reason could be that...
When someone you love asks you to be the executor of their estate, that’s a great honor – but they’re also laying a big responsibility on your shoulders. Before you accept, think long and hard about what the job entails, because it’s a lot more complicated than most...
After a person dies, their estate goes through the probate process. This is the judicial process of administering the estate according to their will or state law if there is no will. As such, it is important to understand the probate process when planning your estate...
Nowadays, almost everyone has some form of digital presence, from email accounts to online document storage. This presence is often referred to as each individual’s “digital footprint.” However, many people overlook the importance of addressing their digital footprint...