The purpose of Estate Planning is to avoid probate, minimize taxes (estate taxes and income taxes, including capital gains taxes), control the future uses of the assets, protect against future incapacity, and provide protections for heirs. In these times the need for a proactive plan is critical considering the prospect of long-term nursing care and tremendous medical expenses, coupled with a concern about the possibility of future mental incapacity.
The Florida Planning Law Firm can assist with planning for the high cost of long term care. As the population ages, there are more seniors needing assistance in their activities of daily living. That could mean in home care, Independent Living, Assisted Living, Skilled Nursing Care, or Memory Care.
Florida Medicaid and Long Term Care Planning
How much do you know about Florida Medicaid right now? A surprising number of Florida seniors and their families mistakenly believe Medicaid is Medicare. This is not true. While Medicare is a federal health insurance program that all seniors are entitled to be a part of, Medicaid is a joint federal and state program that can provide additional health coverage, such as nursing home coverage, to eligible seniors in the state of Florida. The Medicaid program is administered by the Florida Agency for Health Care Administration (AHCA) in partnership with the Centers for Medicare and Medicaid Services (CMS).
Special Needs Planning
Special needs planning is a unique area of law that helps those with special needs and their families care for them in the best way possible. It involves creating protection from creditors, predators, and other outside forces while providing opportunities to manage assets. A Special Needs Trust can be essential as it provides a practical framework for medical care and reasonable financial security over time.
VA Benefits Planning
At Florida Planning Law, we are your trusted partner in VA Benefits Planning. We focus on helping senior veterans and their families access the VA Pension benefits available to them to secure essential long-term care benefits. Our experienced attorneys are dedicated to helping veterans and their families access the VA Pension, securing vital long-term care benefits. With personalized strategies, expert guidance, and thorough evaluation, we simplify the complex application process. Beyond securing the VA Pension, we offer insights into additional benefits to enhance your financial security. We consider it an honor to serve those who have served our nation.
At Florida Planning Law we understand that adoption changes the lives of everyone involved. For most, adoption will be the biggest decision of their lives. It is for this reason we feel extremely privileged to be able to participate in this process of helping families grow through adoption. If you are looking to adopt, or are a birthparent making the decision to place your baby with an adoptive family, we can help.