As discussed in a previous blog entry, making a qualified disclaimer can be a useful tool in estate administration. In particular, it allows a beneficiary to renounce an interest in an inheritance or gift and thereby let it pass to another beneficiary. However, what...
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Month: May 2015
In estate administration, what is a “qualified disclaimer?”
One definition of "disclaim" is when a person denies or renounces a claim to some thing or some right. In the context of estate administration, when a person disclaims, they are renouncing part or all of their right to receive under a Will, Trust or by operation of...
In Florida, should you own your principal residence in an LLC?
In certain situations, Florida property owners recognize the benefits of owning real property in a Limited Liability Company (LLC). In particular, such ownership can protect the owner's other assets from liability in a lawsuit. It may also make transfer at death...
Long-Term Care Planning: Beware the Five-Year Look-Back!
Clients often approach us as elder law attorneys explaining that their elderly loved-one needs to go into a nursing home. Because of the prohibitive expense of such care, they want governmental assistance to pay for the care. Specifically, they want to qualify for the...
How do I pay for long-term care in Florida?
As our population ages, providing long-term care becomes increasingly important. Long-term care can include everything from in-home assistance, assisted living facilities (ALF) and nursing home care. In particular, how to pay for long-term care can overwhelm both the...