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Medicaid Eligibility and Estate Planning in Florida

By Nici Law Firm, P.L. |

According to the Florida Health Care Association, the average cost of care in a Florida assisted living facility is around $48,000 per year, with a private room in a nursing home costing even more – around $100,000 per year. These types of costs are simply untenable for the majority of Floridians, and because of… Read More »

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Florida Charitable Trusts Decoded

By Nici Law Firm, P.L. |

It is very common for those planning their estates to want to give some of their assets to a charity or charities that they support. However, simply establishing an amount in your will is not necessarily the best way to give; too much can change in Florida probate and too many other people can… Read More »

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BlendedFam

Estate Planning & Providing For Stepchildren

By Nici Law Firm, P.L. |

Florida’s families are more blended now than they perhaps ever have been, with divorce rates high and it no longer being as stigmatized to have a child out of wedlock. Very often stepchildren will become just as dear to their stepparents as any blood relation – only to be thunderstruck when they are left… Read More »

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When Is A Power Of Attorney Appropriate?

By Nici Law Firm, P.L. |

A power of attorney (POA) is a legal document that grants one person, a designated agent, the right to make choices for the principal (the person who is the subject of the POA). There are many different family situations where a POA is appropriate, but it is not always the answer to every problem…. Read More »

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Trusts

What Is A Florida Revocable Living Trust?

By Nici Law Firm, P.L. |

When most people think about estate planning, they will execute a will and be done with the entire process. In reality, there are multiple different types of estate planning instruments, and many will actually serve your purposes much better than a simple will. One of these instruments is a trust, and perhaps the most… Read More »

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Will My Florida Estate Be Taxed?

By Nici Law Firm, P.L. |

For many, one of the many attractive perks of living in Florida is the absence of many state taxes – there is no state income tax, and for many years running the state has had one of the lowest tax burdens in the country. However, when dealing with your estate planning, you may still… Read More »

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CouplePlanning

Decoding The Florida Homestead Laws

By Nici Law Firm, P.L. |

When one is preparing their estate planning documents, one of the issues that may cause confusion is the Florida homestead, and its exemption from bankruptcy or judgment creditors. This can be of great help for your beneficiaries, ensuring that more of your estate makes it to them rather than winding up in the pockets… Read More »

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ElderCouple

Florida Domicile & Residency 101

By Nici Law Firm, P.L. |

Florida’s population is growing over time, expected to hit 23 million residents by 2025. While this means that there will be more Florida residents, this also means that many more people will choose to make Florida their domicile – essentially their legal residency. While all it takes to be a resident in the colloquial… Read More »

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EstPlanning

What is an Advance Directive?

By Nici Law Firm, P.L. |

An estate plan is typically seen as a way to prepare for what happens to your assets and your property after you pass away. As important as this is, there is more to estate planning than simply deciding who gets what. Other estate planning instruments are designed to come into effect while you are… Read More »

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Is A Holographic Will Valid In Florida?

By Nici Law Firm, P.L. |

When most people make a will, they do it with the help of an attorney, or at least with the assistance of friends to act as witnesses. However, in rare situations, a person might execute what is called a holographic will, which is a will made out entirely in the testator’s own handwriting (an… Read More »

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