In Florida Statute 733.301(1)(b)(2) defines how a minor child can participate in a probate proceeding. Minor children are not able to participate directly, but can do so through a court appointed guardian over their property. In a recent Florida case out of the 2nd District of Florida the appellate court…
In Florida Probate is the legal process which occurs after death and is used to transfer assets and pay the debts of the person who is deceased. This process takes place in the Civil Court where the person lived at the time they passed away or in the county where…
Provincetown, Massachusetts is the new LGBT place to be. The Williams Institute of Census has said that South Florida is one of the top spots for LGBT population Growth. Florida is the last state to declare the ban on gay adoption as unconstitutional. According to the 2010 Census, Florida has…
In Florida when a someone dies family members will need to compile a list of important information to deal with the estate. These documents will include what the deceased person owned, a list of their creditors and the amount of money owed at the time of death. To help get…
A Florida Voluntary Guardianship is a great option for those with elderly parents and elderly relatives who have increasing difficulty managing their own “property affairs”. Business transactions such as banking matters, real estate transactions, and money management are some of the everyday tasks that become increasingly difficult to handle for…
Currently the Revocable Living Trust is the most popular type of trust for estate planning. With the current estate tax exemption at 5 Million dollars, many have begun to ask if there is a need for such a trust. More over the Revocable Living Trust provides no asset protection. Currently…
The Florida law governing powers of attorney and similar instruments is found in Chapter 709 of the Florida Statutes. The Florida legislature on May 4, 2011 voted to pass Senate Bill 670 which significantly revised Chapter 709. A. Generally A power of attorney is a writing that grants authority to…
They sound similar. Unfortunately many people do not understand the differences between the two. Most people think Medicare will “care” for them forever but, that is simply not the case. While Medicare and Medicaid sound similar, they are very different government programs. Medicare provides healthcare benefits for the over 65,…
Asset protection is one of the most important planning tools for America’s aging population, especially in our current tumultuous economy. One new tool in protecting your assets is the Irrevocable Pure Grantor Trust — AKA, the iPug™. iPug™ trusts are not based on any state statute, but are instead grounded…
While most people feel they have to be super rich to use Asset Protection trusts an IPUG™ Trust is a Self-Settled Asset Protection Trust for that makes sense for regular people and offers Medicaid compliance that works in all states. It protects client assets from creditors, predators and nursing homes,…