William A. Johnson, P.A. William A. Johnson, P.A.
Probate And Elder Law Services In Brevard County
Free Consultation: 321-426-1865

January 2017 Archives

Estate administration in Florida: Legal guidance is available

Executors of estates are often close relatives of the deceased persons, and may not familiar with the tasks involved. In fact, the prospects may seem overwhelming, but estate administrators in Florida need not despair because legal guidance is available. The primary responsibility of the executor of a will revolves around the management of the deceased's financial obligations. The responsibilities include asset distribution as directed by the will.

Why would a Florida resident draft a durable power of attorney?

A power of attorney is a document that typically forms part of a person's estate planning. People nationwide, including in Florida, usually draft such a document to protect their interests when they become unable to do it themselves. A person would choose a trusted individual -- which could be a friend, relative, lawyer or other individual -- to make decisions on his or her behalf when he or she becomes incapacitated.

How will new SNT law improve special needs trusts in Florida?

In 1993, the Omnibus Budget Reconciliation Act of 1993 (OBRA-1993) was enacted to overhaul Medicaid. This allowed parents, grandparents, guardians or courts to establish self-settled Special Needs Trusts for individuals under 65 years old who have disabilities. However, until the signing of the Fairness in Medicaid Supplemental Needs Trusts as part of the 21st Century Cures Act in December, people with disabilities nationwide, including in Florida, could not establish such trusts on their own -- regardless of their levels of disability.

Drafting a to-do list when planning retirement in Florida

Many people go through life making lists to help them plan major events such as weddings and more. Retirement is such an event that needs careful planning, and making a to-do list can ensure nothing is left unaddressed. Florida residents may want to start with giving serious thought to the desired retirement age -- considering that a couple of extra years can provide a significant boost to retirement savings.

Contact

William A. Johnson, P.A.
140 Interlachen Road, Suite B
Melbourne, FL 32940

Phone: 321-426-1865
Fax: 321-242-8417
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