Category Archives: Trust
Will vs. Trust: What is the Difference?
You may be thinking about starting your estate planning process but don’t know where to start. Should you create a will, trust, or both? What is the difference between the two? What if you do nothing? Both wills and trusts provide instructions on how to distribute assets and property to beneficiaries after death, but… Read More »
Special Needs Trusts
When you have a loved one with physical or intellectual disabilities, it is essential to establish an estate plan that considers their long-term care needs and abilities. While needs-based government benefit programs assist in covering the cost of certain types of medical care, they may not cover all the specific needs and services that… Read More »
What is a Qualified Income Trust?
Paying for long-term care can quickly deplete an individual’s assets due to how expensive long-term care services are. In Florida, the average price of a private nursing home room is $10,809 per month. However, additional expenses such as the cost of medications and medical supplies are likely to increase that average to $12,000 to… Read More »