A picture of a senior couple smiling in the park with this title "How to be Eligible for Florida Medicaid with Real Estate Investment Income"

How to be Eligible for Florida Medicaid with Real Estate Investment Income

Understanding how real estate income affects Florida Medicaid eligibility is important information for Florida property investors over 65. The Florida Agency for Health Care Administration sets specific guidelines for income and asset limits that determine eligibility. Income Considerations The Florida Department of Children and Families evaluates all sources of income when determining Medicaid eligibility. For…

A picture of 2 hands holding in the air an icon of a familywith umbrella in white with the title "Five Life Insurance Strategies in Florida Estate Planning"

Five Life Insurance Strategies in Florida Estate Planning

Life insurance plays a vital role in Florida estate planning. When properly structured, life insurance can provide liquidity for estate taxes, create wealth for future generations, and offer tax advantages. Understanding available strategies helps Florida residents make informed decisions about incorporating life insurance into their estate plans. 1. Irrevocable Life Insurance Trusts (ILITs) One of…

A picture of midle age couple talking over a table with the title "Deciding Between Revocable and Irrevocable Trusts in Florida"

Deciding Between Revocable and Irrevocable Trusts in Florida

When planning an estate in Florida, the choice between a revocable and irrevocable trust represents a significant decision that affects asset control, tax implications, and beneficiary rights. Understanding the key differences between these trust types helps inform the best choice for individual circumstances. Revocable Trusts: Flexibility and Control Revocable trusts, also known as living trusts,…

Revocable vs Irrevocable Trusts

Revocable vs Irrevocable Trusts

To understand the difference, between revocable trusts and irrevocable trusts, it is improtant to first know what a trust is. Trusts are legal entities created to hold assets for the benefit of one or more beneficiaries. They are often used in estate planning to manage and protect assets, minimize taxes, and provide for loved ones….