Category Archives: Asset Protection
How Asset Protection Planning Can Help Safeguard Your Legacy
Asset Protection Attorneys Palm Beach County and Martin County FL Most people spend a lifetime carefully accumulating whatever financial wealth and tangible assets they can, in order to live comfortably, eventually passing the balance of that legacy on to their beneficiaries. Comprehensive and highly-personalized estate plans and elder law measures should include strategies related… Read More »
How Medicaid Planning Today Can Help Pay for Long-Term Care Tomorrow
Medicaid Planning and Elder Law Attorneys, Palm Beach County and Martin County FL The Medicaid program was established to provide medical coverage to low-income American individuals and families for their healthcare needs. Among the benefits provided within Medicaid is financial coverage for those 65 and older, for long-term care in facilities such as assisted… Read More »
Asset Planning and Estate Planning: What’s the Difference?
A common mistake people make when discussing asset and estate planning is thinking that comprehensive planning only pertains to high net worth individuals. This is simply not the case. Regardless of whether you are an individual with modest income and a monthly rental, or an executive with an impressive stock portfolio, the bottom line… Read More »
What Is the 5-Year Look Back Period for Medicaid?
Most Florida residents considering Medicaid planning measures are aware that Medicaid has a five-year look back period that applies to asset transfers. However, they don’t precisely know how this works, nor how it affects their eligibility for Medicaid benefits. Before explaining the five-year look back period, though, we first need to explain how Medicaid… Read More »
Planning for Long-Term Care in Florida
Most Florida residents reading this article are probably healthy enough to take care of themselves right now, but we all grow older. Sooner or later, many of us will need some help completing our daily living tasks through long-term care. Long term care might include living in a nursing home with round-the-clock nurses and… Read More »
Don’t Avoid Long Term Care Planning: Tips to Cut Costs
When it comes to long term care planning, many Floridians are avoiding it. This is primarily because they are uninformed or unable to afford insurance. Many people are also in denial. However, the statistics don’t lie. At some point, approximately 70 percent of Americans age 65 or older will require nursing home care or… Read More »
Handling the Cost of Nursing Home Care
The good news for Florida residents is that people are living longer than ever. Retirement years are full of opportunities for seniors to enjoy activities of all kinds. At some point, however, they must think about long term care planning for the likelihood that some type of assisted living or medical needs will be… Read More »