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….

an illustration of Florida map and a medicaid stamp with the phrase Florida Medicaid Benefits

Florida Medicaid Benefits

Medicaid in Florida provides manifold benefits to those who are eligible.   In many cases, such as with long-term care, it can be difficult to become eligible for Medicaid benefits if you have assets or income over a certain limit.  Because these limits are low, many are not eligible. However, working with an elder law attorney…