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For those unfamiliar with Florida estate law, there can be the assumption that “estate planning” is reserved for those who own a large gated property. Legally, however, an estate plan is nothing more than a set of legal documents that outline your wishes for the distribution of your assets after your death. Estate plans are [...] The post Florida Estate Law: What To Know About Estate Planning in the Sunshine State appeared first on Walser Law Firm.

The process of Medicaid asset protection in the state of Florida can be a bit complicated to understand, but knowing the rules, laws, and regulations can help ensure that your money is going to the proper place, and that long-term care will still be provided. Proper Medicaid asset protection planning can often blindside individuals, most [...] The post Understanding Medicaid Asset Protection in Florida appeared first on Walser Law Firm.

To answer the question, "how long does an executor have to settle an estate in Florida?" an individual should be aware of a number of facets of the state's probate process. An executor's time to settle an estate varies considerably depending on assets, and there are multiple ways of achieving this process. To better understand [...] The post How Long Does An Executor Have to Settle An Estate In Florida? appeared first on Walser Law Firm.

Due to the complexity of the Medicaid application and eligibility process, it can be quite a challenge to get started on your Medicaid planning. Since these programs differ greatly between states, the body of rules, regulations, and requirements that govern them change often. For this reason, numerous Medicaid planning services exist to help individuals with [...] The post What You Should Know About Medicaid Planning appeared first on Walser Law Firm.

Matrimony is always a cause for celebration, but for those who are entering their second marriage, financial advice for your estate planning can help you avoid a mess of problems later on. Individuals who remarry following a separation often have children and other dependents who are eligible to receive benefits and assets. With proper estate [...] The post Second Marriage Financial Advice appeared first on Walser Law Firm.

When someone dies and does not leave a will, a letter of administration (or letters testamentary) is used to legally permit a person with the power to become administrator of the deceased’s estate. When this happens, the chosen individual (who is usually a close family member or friend), takes on the responsibility of sorting out [...] The post What Are Letters of Administration? appeared first on Walser Law Firm.

You might think it a strange practice to tax an individual’s right to distribute their own property after passing, but estate taxes constitute an important part of the process, and it’s something you should absolutely understand if only to ensure the right amount of tax is being levied. Estate taxes are one of the oldest [...] The post What Are Estate Taxes? appeared first on Walser Law Firm.

Individuals looking to begin the process of estate and trust administration commonly find themselves asking a few questions: what is trust administration? What does trust administration do? And, why is it a vital aspect of any proper estate plan? These are all excellent questions, and we’ll touch on these subjects, and more. To ensure that [...] The post What is Trust Administration? appeared first on Walser Law Firm.

What is a special needs trust? This is a common type of trust with a very important purpose, and it’s one that you’ll want to understand fully if you have a loved one who would benefit from this level of support. Below, we’ll discuss in further detail what special needs trusts are, how they’re different [...] The post What is a Special Needs Trust? appeared first on Walser Law Firm.