Special Needs Trust: Protecting an Inheritance without Losing Government Benefits

Many government benefits including Medicaid and Supplemental Security Income (SSI) are means-tested. In other words, eligibility for these benefit programs is restricted on the basis of both assets and income. ┬áIn addition to other requirements, a person may not have more than $2,000 in countable assets and a couple may not have more than $3,000 in … [Read more...]

How is My Property Transferred if I Die Intestate

Creating a will is important to ensure that you have control over where your property and your assets go upon your death. A will is a simple yet essential estate planning tool and, upon your death, the distribution of property in your will should be carried out through the probate and estate administration process. If you do not have a will, then … [Read more...]

Millionaire Dog

The Charles Law Office of Clearwater recently posted this interesting Inheritance story to its blog: A real estate and hotel mogul made headlines in 2007 when it was discovered that she had left $12 million to her Maltese dog, Trouble. The dog recently died in a Florida retirement retreat at the age of 12. The remainder of its inheritance will be … [Read more...]