Category: Uncategorized

Escheat Part 8 of 12

Funds in Possession of Federal Agencies Part 1 of 5 All of the property in this provision is declared to have escheated, or to escheat, including all principal and interest accruing thereon, and to have become property of the State of Florida. All money or other property which has remained in, or has been deposited [..]

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Congress Passes ABLE Act

Congress passed the ABLE Act yesterday, which creates tax-favored accounts for children and adults whose disability occurred before age 26. The ABLE Act allows these tax-favored accounts to receive up to the annual gift tax exemption (currently $14,000 per year). Beneficiaries are restricted to one account, but anyone could contribute to their account. Modeled after [..]

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Waiver of Spousal Rights

The rights of a surviving spouse to an elective share, intestate share, pretermitted share, homestead, exempt property, family allowance, and preference in appointment as personal representative of an intestate estate or any of those rights, may be waived, wholly or partly, before or after marriage, by a written contract, agreement, or waiver, signed by the [..]

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Safe Deposit Box Issues at Death – Part 2 of 2

Initial Opening Procedure of Safe Deposit Box of Decedent The initial opening of a safe-deposit box that is leased or co-leased by the decedent shall be conducted in the presence of any two of the following persons: an employee of the institution where the box is located, the personal representative, or the personal representative’s attorney [..]

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Who May Be A Vulnerable Adult?

It is an individual, 18 years of age or older, whose ability to perform the normal activities of daily living or to provide for his or her own care or protection is impaired due to a mental, emotional, sensory, long-term physical, or developmental disability or dysfunction, or brain damage, or the infirmities of aging. Simply [..]

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Make a Wish for Seniors

Wish of a Lifetime can help make a life-long wish of a person over 65 come true. The senior, a friend, or a family member can apply to have a wish fulfilled. Recipients must be at least 65 years of age, a legal resident or citizen of the U.S. who have not been convicted of [..]

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Senior Drivers in Florida – Part 3 of 3

The Restricted License Sometimes, a physical or mental condition can impair a driver’s ability to safely operate a motor vehicle. The most common of these conditions is poor vision, but others, which may be age-related, include cognitive skills like memory, coordination and flexibility. In some circumstances, older drivers may have a restriction placed on their [..]

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