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What Is An Irrevocable Trust?

Wills and Trusts attorney The Miller Elder Law Firm explains what an Irrevocable Trust is. If you need Estate Planning assistance call The Miller Elder Law Firm at (352) 379-1900. “There are irrevocable trusts where, once you put the money in, you can’t get it back out. That’s a completed gift for IRS purposes, and sometimes people will do that for estate tax planning reasons.”

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What is a Revocable Trust?

The Miller Elder Law Firm explain what a Revocable Trust is. Contact The Miller Elder Law Firm to learn more about types of trusts and what is right for your family. “There are revocable trusts where you can put money in the trust now and then change your mind and take it out. A lot of times that happens. People want to have their money in trust and have it managed by someone when they become incapacitated and then direct where the money will go when they...

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What Is A Special Needs Trust?

The Miller Elder Law Firm explain Special Needs Trusts. If you or someone you know needs assistance setting up a special needs trust, contact The Miller Elder Law Firm today. “There are also special needs trusts where we can set up a special trust for someone who is disabled, either using their own money or using a family member’s money, and still allow that individual to be qualified to receive government benefits but also receive the benefits of the money that is in trust to enhance the quality of their...

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What Types of Trusts Are There?

Elder Law Attorney The Miller Elder Law Firm explain the different types of trusts. If you or someone you know needs assistance setting up a trust, contact The Miller Elder Law Firm today. “There are all kinds of trusts. A trust is just a document. It’s a set of instructions basically that says, ‘I’m going to take my money and I’m going to hold it.’ The trustee is the person who holds the money and follows whatever directions are in the trust. There are revocable trusts where you can put money in the...

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To Whom Should I Grant Power Of Attorney?

To Whom Should I Grant Power of Attorney? Estate Planning Attorneys at The Miller Elder Law Firm discuss to whom you should grant power of attorney. “We say, as long as you trust the person 110 percent, you should have a power of attorney because someone may need to pay your bills if you’re in the hospital; someone may need to sell your house when you get older so that they can provide for caregivers to come in; all those kind of things. If you don’t have someone you trust, we recommend not signing the power...

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What Is Respite Care?

What Is Respite Care? Gainesville Elder Law The Miller Elder Law Firm explains respite care, and how important it is for those who are caregivers to take care of themselves as well. “Respite care is for someone who is a caregiver and they’ve been providing care for someone for a long, long time. It may be that the individual is at the end of their life, or they could have an injury or a disease that lasts for many years. We might ask for respite care for the caregiver because they need a break. If you’re a...

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