Trusts are commonly used within an estate plan because a trust can help to further so many estate planning goals. Given how popular trusts are, there is a very good chance that you will be directly involved in a trust at some point. If that trust is an irrevocable trust, it generally means that the trust cannot be modified or revoked by the Settlor (creator of the trust). Does that really mean … [Read more...] about Can an Irrevocable Trust Be Modified or Terminated?
Is Trust Administration Expensive?
A trust can be used to help with a variety of estate planning goals, including probate avoidance, incapacity planning, and asset protection. If you are considering the addition of a trust to your estate plan, you may be concerned about the cost of administering that trust once it is active. The Port St. Lucie trust lawyers at Kulas Law Group explain the costs involved in administering a … [Read more...] about Is Trust Administration Expensive?
Are You Entitled to Veterans Aid and Attendance Benefits?
As a veteran or the surviving spouse of a veteran, you are likely entitled to a number of service-related benefits. Most of those benefits you probably already know about: however, there is one benefits program you may not have heard of yet – the Veterans Aid & Attendance program (VA&A). As a senior, the benefits provided by the VA&A program may be invaluable. A Vero Beach veteran … [Read more...] about Are You Entitled to Veterans Aid and Attendance Benefits?
Do I Have to Serve as the Executor If Appointed?
Losing a family member or loved one is difficult enough to process and handle without adding additional stress. If you also learn that the decedent appointed you to be the Executor of the estate, you may not feel emotionally or practically able to perform the job. Are you obligated to serve as the Executor if appointed? The Port St. Lucie probate lawyers at Kulas Law Group explain your options if … [Read more...] about Do I Have to Serve as the Executor If Appointed?
Veteran’s Benefits and Medicare
In the United States, veterans and their dependents enjoy a wide range of benefits for their service to the country. Many of these benefits, including health care coverage, are available both while actively in the service and during retirement. Most non-military personnel look forward to depending on Medicare for their health care coverage during their retirement years. If you were in the … [Read more...] about Veteran’s Benefits and Medicare
Understanding the Medicaid Look-Back Rule
As a senior, the likelihood that you will need to qualify for Medicaid increases substantially as a result of the high cost of long-term care. Consequently, it is wise to plan for the possibility by learning more about the Medicaid eligibility requirements. Among the most important of those requirements is the Medicaid look-back period. To help you better understand, a Port St. Lucie Medicaid … [Read more...] about Understanding the Medicaid Look-Back Rule
The Basics: Financial Power of Attorney
Powers of Attorney are part of even the simplest estate plan. A Power of Attorney allows your Agent to act for you. There are Powers of Attorney for financial matters and also those for health care. Read on to learn more … [Read more...] about The Basics: Financial Power of Attorney
Reasons You Might Need an Elder Law Attorney
As the older population in the United States has increased in recent years, legal issues related to the elderly and to those who care for them have taken on a heightened importance. Given that elder law is such a relatively new area of the law though, you may not even recognize that you need an elder law attorney when you have a legal issue. To help you understand when you might need one, a Vero … [Read more...] about Reasons You Might Need an Elder Law Attorney
Stimulus Checks and Nursing Homes
Over the last several months, the United States economy has been hit hard as a result of battling the Covid-19 pandemic. Unemployment has been at a record high due to job losses caused by mandatory shut-down orders across the country. As part of the Coronavirus Aid, Relief, and Economic Security Act (Cares Act) passed into law in late March, most taxpayers have received, or will receive, a … [Read more...] about Stimulus Checks and Nursing Homes
Asset Protection Planning Tips
When you contemplate your estate plan, you likely focus on decisions surrounding the division of your estate assets when you are gone and the desire to provide for loved ones with those assets. Your estate plan, however, should do more than simply create a roadmap for the distribution of your estate assets. It should also include strategies for growing and protecting those assets over the course … [Read more...] about Asset Protection Planning Tips
