Co-authored by Sharon L. Palmer, ACP, FRP Life can be a whirlwind after the death of a loved one, especially when one is unfamiliar with the legal system and what is required to get assets properly transferred to beneficiaries. We began our series to help you get...
Co–authored by Kristine M. Scott, Estate Planning Associate In the last post, we talked about the role of Trustee in general, as well as the importance of a Trustee fulfilling his or her obligations to the trust and its beneficiaries. This week, we’ll elaborate on...
Co–authored by Kristine M. Scott, Estate Planning Associate The role of Trustee comes with very serious responsibilities. Not only has the person who created the trust, the Grantor, relied on that person to fulfill the Grantor’s intentions after his or her death, the...
Co-authored by Sharon L. Palmer, ACP, FRP It’s that time of year again. Of course, our thoughts are turning to preparing our income tax returns – and imagining all the different ways we can “invest” our tax refund! Perhaps a down payment on a new car, something new...
Co-authored by Sharon L. Palmer, ACP, FRP It is not unusual for our office to receive calls from a recent decedent’s family members who have little knowledge of their loved one’s assets and debts. They are often at a loss as to where to begin to find that information....
Co–authored by Kristine M. Scott, Estate Planning Associate As discussed in part 1, the IRS requires you to begin withdrawing a minimum amount annually from traditional IRAs (and from most 401ks) once you reach age 70 ½. These minimum withdrawal amounts are called...
Are you one of the millions of Americans with an IRA or 401k who have recently turned 70 or will reach that age in 2018? There are a few rules you need to know to avoid heavy penalties by the IRS for failure to take the proper required minimum distribution, commonly...
Medicaid is the joint state-federal program that pays for nursing home benefits. Since it is a joint program, the requirements vary from state to state, although the program itself is fairly uniform. This summary reflects only Florida law, and is current as of...