We give families
peace of mind.
Greetings!
While we do not make endorsements. we'd like to send our kudos to Target for offering adaptive clothing for kids with special needs and for recently launching a new line of Halloween costumes that are adaptive for children with sensory issues, in wheelchairs, and with other special needs. Target's Hyde and Eek! Boutique offers a few different spooktacular options
for kids with special needs. We think that's awesome and gives all kids a chance to enjoy a fun Halloween!
Did you know the experienced attorneys at Elder Law Associates PA not only work on elder law, Medicaid and VA matters, estate planning and litigation for Guardianship, Homestead and Trust and Estate Administration, we also provide
Special Needs Planning
and
Guardianship Advocacy
for our client families who have loved ones with disabilities and special needs?
Our firm enables our clients to maintain control over their legal, financial, medical and testamentary affairs and to preserve their legal rights.
If you have any questions about something you read about in this issue, please
contact us
.
At Elder Law Associates PA, we give families peace of mind.
Ellen S. Morris, Esq. and Howard S. Krooks, Esq., CELA, CAP
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The Value of Using Irrevocable Trusts
in Medicaid Planning
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By ElderCounsel
People often wonder about the value of using irrevocable trusts in Medicaid planning. Certainly gifting of assets can be done outright, not involving an irrevocable trust. Outright gifts have the advantages of being simple to do with minimal costs involved, including the cost of preparing and recording deeds and the cost of preparing and filing a gift tax return. Many financial institutions have their own documents they use for changing ownership of assets so there are typically no out-of-pocket costs for the transferor.
So why complicate things with a trust? Why not just keep the planning as simple and inexpensive as possible? The short answer is that ...
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Making Sense of Confusing Estate
Planning Terms
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Elder Law Associates PA is a full-service estate planning firm, using wills and trusts to accomplish the most proper end-of-life plan for our clients. We know that some estate planning terminology can be downright confusing at times. The following is a brief explanation of the difference between a
Trustee
, a
Successor Trustee
and a
Grantor
.
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Trustee
–
A trustee is the person appointed to handle day-to-day administration of the trust, whose responsibilities include investing trust assets and communicating with beneficiaries.
Grantor
– The person or persons who create the trust is known as the grantor, the settlor or the trustmaker.
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Successor Trustee
- The person or persons appointed to handle the day-to-day administration of the trust if the initial person appointed is no longer able to serve is called the successor trustee.
You can find more definitions like these in the
Glossary
on our website. For assistance with your estate planning, please
contact us
today.
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Consider Communities for Senior-Friendly Living Arrangements
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By Hazel Bridges,
Guest Contributor
Traditional living environments can be challenging to older adults, and many seniors are using creative ways to overcome those challenges. By embracing various community-oriented solutions, options for safe, independent, senior-friendly lifestyles are broadening. We’ve pulled together some of the best options for you to explore.
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Attorney Ellen S. Morris Esq., Named as
Florida Legal Elite for 2019
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Elder Law Associates PA partner Ellen S. Morris, Esq. has been selected by her peers as one of the 1,126 attorneys in the state who earned Legal Elite honors for 2019, as featured in the July issue of
Florida Trend Magazine
. Over the last 16 years, the Florida Legal Elite list has been comprised of a prestigious roster of attorneys who were chosen for the highest honors by their peers.
Read More
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CONTACT
Elder Law Associates PA
7284 West Palmetto Park Road, Suite 101
Boca Raton, FL 33433
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