Florida Medicaid Planning: 2028 Changes Under the One Big Beautiful Bill Act (OBBBA) The One Big Beautiful Bill Act (OBBBA), effective January 1, 2028, introduces significant reforms to Medicaid eligibility for long-term care. This document summarizes the most impactful changes for Florida residents, outlining which exemptions are being eliminated, which…
Do Trustees Have to Provide Accountings for Irrevocable Grantor Trusts in Florida? When dealing with Florida trusts, one of the most common questions we hear is: “Does a trustee have to provide accountings to a beneficiary of an irrevocable grantor trust when the settlor can still change the beneficiaries and…
As loved ones age, they usually require assistance with their everyday lives, including managing their money. Most people work around this by adding a family member to their account or setting it up as a convenience account. While both accomplish the same goal, they have slightly different impacts on the…
People who have been to a major Florida city, including Jacksonville, Orlando, Tampa or Miami, will have no doubt noticed the massive influx of electronic scooters, bikes and skateboards. These vehicles are often ridden on sidewalks, to the chagrin of pedestrians, and on the sides of the road, to the…
“Till death do us part” – These words serve as the basis for modern-day marriages. The idea initially was that marriage was a lifelong contract between partners and was only to be broken upon the death of one or both spouses. But what if the best way to save your…
In Part 1 of our article on Understanding the Florida Uniform Fiduciary Income and Principal Act, we introduced the recently enacted Florida Uniform Fiduciary Income and Principal Act (FUFIPA) and the 2002 Florida Uniform Principal and Income Act (FPIA) that it replaced. This…
Florida has been growing incredibly quickly. According to a study by U.S. News and World Report, the state was one of the top five places people moved in 2024, and Fort Myers, Florida, was the fastest-growing place of the year.[i] Florida cities comprise 7 of the top 10 spots on…
Will It Include My Wallets? – Questions and (some) Answers About Estate Planning With Cryptocurrency. Over the past 15 years, cryptocurrency has slowly become an integrated part of society and day-to-day life. Gas stations have Bitcoin ATMs, famous athletes and celebrities (in)famously starred in a commercial for a Cryptocurrency venture…
The FTC, in their Final Rule released online on Tuesday, April 23, 2024, determined that non-compete agreements are “an unfair method of competition”, and thus are in violation of Section 5 of the Federal Trade Commission Act (the “FTC Act”). The ban, which will take effect in the latter half…
One of the most common questions we receive is: “What is Better in Florida? A Will or a Trust?” Many clients that we work with think that if they live in Florida and have signed a Florida Last Will and Testament, they no longer have to worry about a probate…