One of the greatest benefits of living in Florida, aside from the beautiful weather, is the state’s strong homestead protections. These protections safeguard your primary residence from creditor claims and prevent creditors from placing a lien on the property. Homestead property also offers valuable tax benefits, such as an exemption from a portion of the [...]
Today, in honor of Social Work Month, Gibbons | Neuman proudly showed our support for the dedicated case managers and social workers at Tampa General Hospital. Social workers and case managers are essential in healthcare, providing invaluable support to patients and their families. They advocate, navigate complex systems, and offer both emotional and logistical assistance during [...]
Family is at the heart of estate planning, and that includes blended families, second marriages, stepchildren, and mixed family situations. While these family dynamics bring joy, they can also create complexities when it comes to ensuring everyone is cared for after you're gone. For example, stepchildren do not have automatic inheritance rights unless they [...]
When you’re reviewing your estate planning documents, it’s not uncommon to feel overwhelmed by all the legal jargon. Words like "testator," "per stirpes," or "fiduciary" might leave you wondering, why is all this legalese necessary? After all, these are your personal documents, so why do they need to be filled with complex language? The answer [...]
On Wednesday, October 12, 2022, the firm's elder law attorney, Elizabeth Allen, will be discussing elder law issues at Finances by the Fountain in Hyde Park, a monthly event presented by Unique Wealth. She will touch on long term care and Medicaid planning, along with end of life matters. Unique Wealth is located at 732 [...]
The firm's elder law and estate planning attorney, Elizabeth P. Allen, attended the Health Fair at Unisen Senior Living in Tampa on May 6th. It was a well attended, informative and fun event. Representatives from many businesses that assist seniors and their families were there. Ms. Allen provided attendees with information concerning her estate [...]
This is the final installment (see the May 6th and August 16th blogs) dealing with potential actions (or inactions) that may lead to a battle over your estate when you are gone. LATE MARRIAGE. Marrying later in life, especially a May-December match-up can cause resentment among the heirs especially where the children are all those [...]
This is the second installment to the blog posted May 6th. Here is another warning sign that family may battle over your estate when you are gone. UNDUE INFLUENCE. Not everyone can have a Will made. First, you have to be of legal age-here in Florida that means 18 years old. Second, you must have [...]
There is good news for clients with family members or other beneficiaries who are disabled or chronically ill. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was integrated into the Further Consolidated Appropriations Act of 2020. The SECURE Act has been big news in the special needs planning community, as it carved out [...]
Many people believe that the cost of long term care in a nursing home is covered by Medicare. That’s probably because they’ve known someone who: a) broke a hip; OR b) had a stroke; OR c) suffered some sort of illness or injury for which they were hospitalized for at least 3 days. Then that [...]
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