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Melbourne’s Estate Planning Attorneys talk Tips

ByDavid Slonim

5 Estate Planning Tips That Aren’t Just for the Wealthy by Miranda Marquit source here None of us likes to think about dying—and what will happen to our money afterward. However, estate planning is an important part of managing your finances. One common misconception is that estate planning isn’t necessary if your estate’s assets amount…

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No Children? Why You Still Need an Estate Plan (Melbourne, Kissimmee, Clearwater)

ByDavid Slonim

Someone has to inherit your assets, and if you don’t decide, state laws will do it for you. That means your awful Great Uncle Ed may inherit, while your beloved cousin Mary may get nothing. That’s only one reason to get busy. by: Tracy Craig, Fellow, ACTEC, AEP® Estate planning is an extremely personal process, not…

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What to tell your adult kids when planning your estate

ByDavid Slonim

What to tell your adult kids when planning your estate Sarah O’Brien So you finished your estate plan. You finalized a will, made sure beneficiaries are named on financial accounts, signed all other pertinent documents and picked an executor to carry out your wishes when you die. You might have overlooked one consideration: whether you…

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10 Reasons to Create an Estate Plan

ByDavid Slonim

10 Reasons to Create an Estate Plan Life is uncertain. While no one likes to think about their mortality, the hard fact is that everyone will pass away some day and leave assets to someone else. An estate plan can help you to: Make sure your assets go to the right beneficiaries Without an estate…

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Estate Planning Melbourne, Kissimmee and Clearwater Must-Haves

ByDavid Slonim

The Estate Planning Must-Haves  by GLENN CURTIS Here is a list of items every estate plan should include: Will/trust Durable power of attorney Beneficiary designations Letter of intent Healthcare power of attorney Guardianship designations In addition to these six documents and designations, a well-laid estate plan also should consider the purchase of insurance products such…

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Qualified Income Trusts | Medicaid Explained in Melbourne

ByDavid Slonim

What is a Florida Medicaid Qualified Income Trust (QIT)? Posted by Bishop L. Toups A Florida Medicaid Qualified Income Trust is used when an individual has too much income to qualify for Medicaid. Currently the yearly Medicaid maximum an applicant for Florida nursing home Medicaid can have is $2,349 (2020) per month. If the applicant is…

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7 Estate Planning Mistakes to Avoid

ByDavid Slonim

Most estate planning mistakes tend to be fall into one of several categories. Every estate plan has unique features, but the same problems and mistakes recur. Many mistakes don’t vary with the value of an estate and other factors. Each of the classic mistakes is avoidable. All that’s needed is knowledge of what to beware…

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Don’t DIY Estate Planning – Melbourne, Florida Estate Planning Attorneys Agree

ByDavid Slonim

The Hazards of Do-it-Yourself Estate Planning Many websites offer customized, do-it-yourself wills and other estate planning documents.  Although such products are convenient, using them could create serious and expensive legal problems for heirs.  These digital services appear to offer a cost-effective and easy alternative to visiting an estate planning or elder law attorney. But is…

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Keep Estate Planning Documents Safe – Slonim Law, Melbourne, FL

ByDavid Slonim

Make Sure Your Estate Plan and Other Essential Documents Are Safe from Disasters It’s an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods, and hurricanes, the chance that you could lose your house and possessions has become more likely. In the event of such a calamity, it…

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Estate Planning for your favorite Pets – Melbourne, Florida

ByDavid Slonim

How to Create an Estate Plan That Includes Your Pet Pets are members of the family, so it is important to consider how to provide for them in your estate plan just as you would the human family members. While we may think of pets as part of our family, the law considers them to…