News and Events
We at The Edwards Law Firm believe that an estate plan is one of the best and most effective ways to protect yourself and your family. And while we believe this year-round, it’s nice to know there’s a month dedicated to this important endeavor – and we are going to celebrate! In honor of National […]
According to a 2015 survey, the median annual rate for a private room in a nursing home is now $91,250. That is up a stunning 4.2 percent over 2014. In Florida, the annual cost of a private room is $96,725. Since the average stay in a nursing home is between two and four – and assuming prices do not continue to rise – that room would cost you somewhere between $193,450 and $387,000. For more information on advanced planning for nursing home care, Medicaid eligibility, long-term care options for veterans, and other important long-term care planning, attend one of our educational seminars or schedule an appointment with The Edwards Law Firm today.
In a landmark decision last summer, the U.S. Supreme Court ruled that an inherited IRA is no longer a protected asset. This means that when your IRA reaches your children, it is no longer protected from their creditors or from bankruptcy.
Some are calling it a potential “doomsday event.” Others argue it won’t be so bad. While the impact of the U.S. Supreme Court’s not-yet-issued final ruling in King v. Burwell remains speculative at best, one thing is crystal clear: Florida sits squarely in the cross hairs.
In case you haven’t heard, the New Year brought a new law recently signed by the President. To avoid the country from falling off the “fiscal cliff,” the “American Taxpayer Relief Act” was approved on New Year’s Day.
There are only a few days left before the clock strikes midnight on December 31st and the tax law changes. Or will it?