by Patrick Quarles | Mar 19, 2021 | Medicaid Planning
Florida has a reputation for being home to many Americans who are advanced in age. This is for several reasons: no state income tax, beautiful weather, beaches, and affordable cost of living. One reason that is very important, but often overlooked, is that our rules...
by Patrick Quarles | Mar 15, 2021 | Estate Planning, Probate Administration
By creating a will, a person gets to decide what will happen to their estate when they pass away. So, if a will is never created, who decides the fate of the deceased’s estate? In Florida, the answer to that question is the state of Florida. Passing without a will is...
by Patrick Quarles | Mar 5, 2021 | Estate Planning, Uncategorized
Do you have a will with terms that are outdated or no longer align with your wishes? If so, you always have the option to make changes to your will. People may choose to change or update their will at any time for whatever reason. If you have a will with terms that...
by Patrick Quarles | Feb 26, 2021 | Medicaid Planning, Uncategorized
A qualified income trust (QIT) is a Medicaid planning technique used often by Medicaid recipients. A QIT allows one to still qualify for Medicaid if their monthly income exceeds the limit set by Medicaid. Not every state recognizes QITs, but Florida does. As of...
by Patrick Quarles | Feb 22, 2021 | Estate Planning, Medicaid Planning, Uncategorized
Did you know there is a way to provide funds for someone who is disabled or ill without reducing their eligibility for Medicaid or other government disability benefits? This can be done by setting up a special needs trust. All assets placed into a special needs trust...
