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Is it Ok to Use a DIY Will Service in Florida?

Is it Ok to Use a DIY Will Service in Florida

During the stress and downtime of Covid-19, many South Florida residents turned to DIY online Wills to protect their families. A do-it-yourself Will seem like a quick and easy way to make sure your loved ones are taken care of after you’re gone. But all too often, a DIY Will can lead to costly mistakes that jeopardize the future security of your loved ones.  Some things that can easily go wrong with DIY Wills are: Expensive mistakes and errors They do not take into account state laws They fail to consider estate taxes They are vulnerable to misinterpretation They tend to...

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Medicaid Gifting Rules: What You Need to Know

medicaid gifting rules - siegel law group

Giving money to your family can be a great way to help them get ahead, pay bills, save for their future, and more. With the Gift Tax Exclusion, you can offer monetary gifts to others without you or the recipient having to pay any additional tax. But keep in mind that any gifting you do should be done only out of love for the people you're gifting to. That's the best way to give, when it's from the heart. It can also be the most important reason to give, as part of your financial planning. That's because you can't use gifting...

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Estate Planning Resolutions for 2022

Estate Planning Resolutions for 2022

It's an annual tradition for Americans to start the New Year with a positive attitude and optimistic goals for the coming year. New Year’s Resolutions tend to be on many different topics; two popular resolutions are losing weight and getting organized. But one thing that not enough people think about at the beginning of the new year is Estate Planning. Have you included Estate Planning in your 2022 New Year Resolutions?  If your goal is to make a positive change for yourself and your family, creating an Estate Plan is absolutely something you should consider and take action on early this...

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How Much Does it Cost to Hire a Medicaid Planning Attorney?

The cost of long-term nursing home care in South Florida continues to increase. Many people believe they have too many assets to qualify for government assistance - but they are often wrong. Many people pay out-of-pocket for their long-term care until their nest egg is depleted. But with careful Medicaid Planning, you may be able to receive the financial help to cover expensive nursing home care that you or a loved one need without losing your assets. Medicaid Planning is the use of legal tools and techniques to help individuals qualify for Medicaid benefits. Instead of paying for expensive nursing...

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Siegel Law Group Named 2021 Law Firm 500 Honoree

The Siegel Law Group Named 2021 Law Firm 500 Honoree

Superior customer service and client care are the hallmarks of Attorney Barry Siegel and the team at The Siegel Law Group P.A. We are honored to be named a 2021 Law Firm 500 honoree, a recognition of our commitment to our clients. Satisfied, happy clients refer our law firm to their family and friends, and provide testimonials that allow our firm to grow and serve the South Florida community. Barry is driven by a passion to make people’s lives better and simpler. He believes people should be able to age with dignity; to have their needs met as they get...

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Is Medicaid Planning Legal in Florida?

Is Medicaid Planning Legal in Florida?

An experienced Elder Law Attorney can help you qualify for Medicaid benefits and protect your assets from being depleted to pay for your care. Medicaid Planning is the process of structuring your finances and your assets so that you qualify for long-term care. Medicaid Planning is legal in all 50 states. But that doesn’t mean just anyone can help you with it. That part depends on the type of planning services you’re looking for and just what state you live in. Florida has specific rules regarding Medicaid, one of which is that only a licensed Elder Law Attorney is allowed to practice...

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National Estate Planning Awareness Week October 18-24, 2021

National Estate Planning Awareness Week October 18-24 2021

National Estate Planning Awareness Week 2021 is October 18-24. It is a public campaign designed to help us understand why an Estate Plan is essential to our financial wellness. According to The National Association of Estate Planners, the top reasons people say they don’t need an Estate Plan are:  I’m too young to need an estate plan.  My property is in a joint tenancy with my spouse so I don’t need a will.  Only rich people need to do Estate Planning. It’s too complicated/expensive to do Estate Planning.  The government takes care of all of that.  We set up our...

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What Does a Florida Medicaid Attorney Do?

What Does a Florida Medicaid Attorney Do?

This year, it’s projected that 4.6 million Floridians will enroll in Medicaid. Unlike Medicare, Medicaid offers benefits like nursing home care, which is critical for many senior citizens. While hugely beneficial, applying and qualifying for Medicaid can be an extensive and arduous process, which should be facilitated by a Florida Medicaid Attorney to eliminate error and denial of vital health care. We answer common questions about what a Florida Medicaid Attorney does and how they can help you qualify for Medicaid below. What is Medicaid Planning?  There comes a time in most people’s lives when they need long-term care, despite its exceedingly...

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Do I Have to Sell My Home to Qualify for Medicaid in Florida?

Do I Have to Sell My Home to Qualify for Medicaid in Florida?

Qualifying for Medicaid in Florida induces a fair amount of anxiety. There’s a lot to consider; from implementing spend-down strategies to gifting assets at least 5 years before applying to avoid penalties, not to mention understanding if and how it affects property like your home. The state of Florida determines your financial eligibility to qualify Medicaid by looking at your assets and seeing which assets of yours should be counted and which assets should be excluded. A commonly asked question is whether you have to sell your home to qualify for Medicaid in Florida.  The short answer is: You don’t have...

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Do I Need a Lawyer to Qualify for Medicaid in Florida?

Lawyer to Qualify for Medicaid in Florida?

The high costs of long-term care cause difficult financial decisions for many families. Many people think they have too many assets to qualify for government assistance any they deplete their savings and pay out-of-pocket for their long-term care. With careful Medicaid Planning, you may be able to receive the financial help you need without losing your assets. Whether someone needs a lawyer to qualify for Medicaid in Florida depends on the applicant's marital status, financial holdings and the complexity of the person’s estate. In theory, Florida Medicaid provides health coverage for those with low incomes who might otherwise be forced to...

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