At this point in your life you may be fortunate enough to have employer sponsored health insurance coverage for you and your family. As such, you may have never given much thought to qualifying for Medicaid benefits. When you create your comprehensive estate plan, however, you need to do more than just think about qualifying [ ] The post Vero Beach Medicaid Planning Tips appeared first on Kulas Law Group.
As 2015 comes to a close and 2016 gets closer, anyone who has an estate plan in the Treasure Coast area of Florida should take some time to go over a few year-end estate planning tips. Regardless of when you created a plan, or what tools you ve decided to include in it, taking some time to go over your plan to make sure it still matches your needs and desires is worthwhile. If you have yet to do so, here are several year-end estate planning tips you might want to consider. Year-End Estate Planning Tips. Personal Circumstances Review A lot can happen in a year, and when something significant does occur you may need to update your estate plan to reflect the new circumstances. Some of these common changes include getting married or divorced, the birth of a child or grandchild, or the death of a relative or loved one that you had included in your inheritance plan. Other changes may arise entirely from you or your wishes. If, for example, you created advance medical directives that include
Last week we looked at a couple of basic estate tax planning tips that almost everyone can take advantage of. This week we thought we would expand on the idea of estate tax planning by looking at some additional strategies that might be useful to you. When talking about estate taxes, it s important to remember that the issue is often a complicated one, and developing an estate tax plan is something that you should only do with the advice and guidance of your attorney. Many of the estate tax planning strategies available today are rather complex, and you need to speak to your attorney for advice if the estate tax is something you are worried about. Estate Tax Planning Tip: Develop a gift plan. One of the most effective strategies for reducing the amount of estate taxes your estate might have to pay is to develop a comprehensive gift-giving plan. The IRS allows each individual to give other individuals up to $14,000 per year as a tax-free gift. If you give people gifts, and make sure th