Medicare Open Enrollment: Three Things Seniors Need to Know

Medicare Open Enrollment: Three Things Seniors Need to Know

Did you know that Medicare open enrollment is upon us? With Medicare open enrollment time, there may be important things seniors need to keep in mind. Here are three things seniors should know: You must have enrolled in Medicare when you were first eligible to participate in open enrollment. This means that you (1) were automatically enrolled in Medicare because you were already receiving Social Security or Railroad Retirement benefits and you...
How You Can Use Your 529 Savings Plan as an Estate Planning Tool

How You Can Use Your 529 Savings Plan as an Estate Planning Tool

Many parents use 529 savings plans as a way to let their child’s college funds grow tax-free. Did you know, however, that 529 plans are not just for parents and children? They are also not limited to use for tuition. Parents, grandparents, and other adults with children, grandchildren, nieces or nephews can use a 529 savings plan not only to fund college tuition, but to ensure that a myriad of other expenses are covered for their loved ones,...
Why You Need to Use a Florida Estate Planning Attorney

Why You Need to Use a Florida Estate Planning Attorney

Did you know a Florida estate planning attorney advises people of all ages on how to create a legacy that can protect them both in life and in death?  This practice of the law deals with all aspects of Florida estate planning for the conservation and disposition of estate assets, while giving due consideration to the applicable tax consequences, both federal and state.  The lawyer, also known as a wills, trusts and estates lawyer, advises and...
What is Ancillary Probate in Florida?

What is Ancillary Probate in Florida?

Did you know if you own a home or a car in another state, besides the probate process in your home state, your beneficiaries might need to go through another, ancillary, form of probate to receive it?  Having your assets transferred to your heirs after you pass away can be something that you want to think through and plan for carefully because you want to do it the right way for your family. Without advance planning, the laws of the state where...
5 Estate Planning Mistakes to Avoid in the New Year

5 Estate Planning Mistakes to Avoid in the New Year

The holidays are a special time of year for families to gather and spend time together. For parents and grandparents, the holidays can also be an occasion to update an estate plan. Life events, such as the birth of a child or grandchild, may have occurred since an estate plan was last revised. Plus, changes in tax laws, investment markets or the sale of assets may require additional planning. With everyone in the same place, and a new year...