Basic Estate Plan for Melbourne, Florida A basic estate plan in Florida, through Rhoden Law Group, typically includes the following documents: It’s important to note that estate planning can be a complex process and the specific documents and strategies needed will depend on an individual’s unique circumstances and goals. Consulting with an experienced estate planning …
Trust vs. Last Will: The Age Old Debate And why probate is not a dirty word! By: Bonnie Klein Rhoden, Esquire In Florida there are differences between a TRUST and a WILL. When deciding which one is right for you (or maybe both) you should know what a trust does and what a will does …
When a Power of Attorney Goes Wrong Granting another person the authority to act on your behalf is most commonly done using a Durable Power of Attorney document. Such documents are created and controlled under Florida Statute §709. There are many powers that may be granted by a Principle (the person giving power) to an …
How Does Probate Effect Long Term Care? How Do Medicaid And Medicare Play Into Planning? Many of us do our very best to prepare for the inevitable – we will all pass away. We create a will and ensure our assets go to those persons, entities, or charities with as much planning as we can. …
Part II Planning With Medicaid and Medicare Read Part I, First. Building on Part I of this article we continue here beginning with transferring assets. Transfer of Property to Children or Family Transfer of property can and likely will have a tax load that effects your family/children. If you gift assets to your family such …
Planning in Florida: How Do You Consider The Role Of Medicaid in Your Plan? We can’t plan for our futures properly without considering the potential need for Medicaid. Florida Medicaid planning is a process during which you can structure your assets and income before you may need to qualify for Medicaid. By doing so you …
Durable Power of Attorney A Durable Power of Attorney document is an important part of your plan for possible incapacity. This document is helpful if you have trouble getting around or become incapacitated. A Durable Power of Attorney is only effective during your lifetime, its power terminates upon your death. It can be revoked or …
Health Care Surrogate According to Florida Statutes any adult that is considered legally competent may choose to appoint a person or persons to make medical care choices and decisions if that adult experiences any period of incapacity. This person is called a Health Care Surrogate. Incapacity can be caused by an accident, an illness, or …
Living Will If a person experiences changes to their physical or mental abilities they may no longer be able to make decisions for themselves. It may be something unexpected like an accident or a coma, or a long-standing illness or dementia that causes the incapacity to develop. Here in Florida any competent adult has a …
Last Will & Testament The first step in any solid estate plan is a last will and testament. This is a document that outlines the details of who will inherit your assets and how that inheritance will be carried out. It will name a Personal Representative (formerly ‘Executor’) who will be in charge of settling …
