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Anyone who has gone through the gauntlet of law school classes or who has had a lot of dealings with attorneys, knows that the most classic and common answer to what would appear to be a straight forward legal question is: it depends. This response is true when it comes to a discussion as to whether or not life insurance proceeds and 401-K Retirement Plans are exempt from attachment by your creditors.
First, let’s take a look at life insurance proceeds. Under Fla. Stat. §222.13, if a person is residing in the state of Florida at the time of their death, the proceeds of the policy are deemed exclusively for the benefit of the beneficiaries of the insurance policy as designated in the policy and the insurance proceeds are exempt “from the claims of creditors of the insured.” Therefore, if someone owes $5,000 to credit card companies at the time of their death, the credit card companies cannot attach or seek to obtain in any way the proceeds of those insurance policies and those proceeds go directly to the beneficiaries.
However, that is not the end of the analysis. The statute further provides that if the named beneficiary in the policy is the insured (i.e. the decedent) or the estate of the insured, or his or her executors or administrators, then the insurance proceeds become part of the insured’s estate, and would be subject to distribution according to the laws governing the distribution of estates which would include the payment to creditors of the decedent prior to distribution to beneficiaries under the estate. Therefore, for estate planning purposes, if you have significant liabilities, you should consult with an estate planning attorney to review your life insurance policies to make sure that they name a beneficiary outside of your estate, so the proceeds go to the people you wish to receive the funds and not your creditors upon your death.
Another exception to the rule of life insurance policies being exempt is with regard to the beneficiary’s creditors. While one might assume that since there is an exemption for life insurance proceeds the exemption protects the proceeds are exempt from all creditors. However, the exemption is limited to creditors of the insured, namely the person who took out the policy and is not exempt from creditors of the beneficiary. Therefore, if you have a life insurance policy for your daughter, and she owes a lot of money to credit cards or hospitals, and she were to receive $100,000 worth of life insurance proceeds upon your death, that $100,000 of proceeds could be subject to attachment and levy by her creditors.
As difficult as it is, we encourage family members to be frank with their parents if they anticipate receiving an inheritance and are presently in a difficult financial position. If you are a parent looking to leave funds to a child or other relative, and you do not want your funds to go to pay off their creditors, you need to have a direct and honest discussion with them concerning their financial position. Likewise, if you know your parents are going to leave you substantial funds and you are in way over your head and maybe even possibly considering filing bankruptcy, you need to have a frank discussion with them regarding your financial position so that they are not mislead and their hard earned assets go to pay off your creditors.
A second issue that comes up is whether or not 401-K’s are exempt from creditors upon a person’s death. Under Fla. Stat. §222.21 it provides that a fund or account that meets Internal Revenue Code requirements (which is beyond the scope of this article) is exempt from all claims of creditors of the owner, beneficiary or participant of the fund or account. This is a great advantage and benefit to individuals who may have to face a foreclosure since it allows them to maintain their retirement accounts (if they have not drained them in an effort to avoid bankruptcy) and provide them with a financial basis to get a new start if necessary.
The issue that arose over the past couple of years was whether or not a qualified 401-K that was inherited was also exempt. The courts across the country were split on this issue. Some courts limited the exemption to just the owner’s creditors while others said also the beneficiary of the proceeds receive the same protections from creditors. However, just as with life insurance policies, the issue became whether the beneficiary was also protected from the beneficiaries creditors upon receipt of the 401-K.
Fortunately, this question was answered outside of the courts by the legislature amending Fla. Stat. §222.21 last year. Specifically, the Florida legislature added language to paragraph (2)(c) and provided that the fund or account is “exempt from claims of creditors of the owner, beneficiary, or participant” in that is does not cease to be exempt after the owner’s death by reason of a direct transfer or eligible rollover.
Specifically, the legislature further noted “this paragraph is intended to clarify existing law, is remedial in nature, and shall have retroactive application to all inherited individual retirement accounts without regard to the date an account was created.” This is example of one of the key roles of a legislature to clarify existing law when courts conflict in their interpretation of an existing statute.
In summary, since in the new economy it is not unusual for you to have family members going through difficult situations, it is important to discuss these issues not only with them but with your estate planning attorney to make sure that your hard earned assets go to your intended family members and not their creditors.
I hope this message finds you in good health and high spirits. As your trusted elder law and estate planning advocate here at Bellomo & Associates, I am excited to share some insights into a topic close to my heart legacy planning. Life is a beautiful journey filled with moments that shape, define, and create the unique tapestry of our existence. For many of us, legacy planning can be both contemplative and uplifting. Its about weaving the threads of your life into a story that not only withstands the test of time but also serves as a guiding light for generations to come. Legacy isnt just about the assets you accumulate; its about the values you hold dear, the wisdom youve gained, and the love youve shared. As an elder law and estate planning attorney, my goal is to help you craft a legacy that echoes your unique narrative. Its about ensuring that your journey, struggles, and triumphs become a source of inspiration for those you cherish the most. Just as our lives evolve through different seasons, so should our estate plans. Whether you are an income-generating couple, a wise senior considering the next steps, or a young family dreaming of a secure future, your legacy plan should be a reflection of your current reality and your aspirations for the future. For those approaching the golden years, the prospect of skilled nursing facility care can be a daunting one. Our team is here to guide you through the intricacies of elder law with warmth and compassion. Its not just about protecting your assets; its about ensuring that you receive the care and respect you deserve. To the young families reading this, I understand the joy and responsibility that comes with building a family. Legacy planning is not just a matter of paperwork; its a promise to provide and protect. Lets work together to create a plan that safeguards your loved ones, ensuring their future is as bright as the love you share. I invite you to join me and our team at our next estate planning workshop. Its a space where like-minded individuals come together to learn, share, and ask questions. Estate planning is not just a legal process; its a collaborative journey, and were here to guide you every step of the way. Remember, your legacy is not just about what you leave behind; its about the impact you make today. Lets embark on this journey together, creating a legacy that stands as a testament to a life well-lived.To a future filled with purpose and legacy,Jeff Bellomo
When that extra bit of money from your tax refund lands in your bank account, (kinda feels like Christmas, doesnt it?) it's easy to start dreaming about all the ways you can use it. Financial experts may tell you that it's a chance to pay off debts, tuck away savings for an emergency, or add to your retirement savings. You, on the other hand, may want to splurge on something special. However, there's an often-overlooked option that not only provides immediate satisfaction but ensures long-term benefits for both you and your loved ones: estate planning.Estate planning might sound like a complex and daunting chore reserved for the wealthy, but it's actually a straightforward and crucial process for everyone. In its most basic terms, estate planning involves making a plan for what happens to your belongings and finances after you're gone, or if you become incapacitated. Think of it as creating a roadmap for your loved ones to follow, ensuring they're taken care of and know exactly how to handle your estate according to your wishes. After all, someone will have to do something with your stuff after youre gone, and if youre the one who takes care of it while you can, you can save your loved ones a lot of pain. And, make sure you are cared for in the way you want, by the people you want, if you become incapacitated.And by the way, proper estate planning covers much more than just money and personal belongings, but well delve into that in just a bit.Why You Need an Estate PlanNot only do you need a plan for what happens with your finances and personal items after youre gone or become incapacitated, but you also need an estate plan if any of the following are true:You care about the people in your life who will handle things for you, if you cannot. First and foremost, estate planning isnt something you just do for yourself, its truly an investment you make for the people you love. If it feels daunting to you, imagine how they will feel left with a big confusing mess when something happens to you. And, its one of those things that you must get handled before you need it because by the time you need it, its too late, and youve just left the people you love the most with a big mess.Thats why we say that estate planning is about protecting your family. It's about protecting their time, energy and attention, and leaving them with a gift of love. Its a way of saying "I love you" that goes beyond words, providing them with security and guidance during a difficult time. By making your wishes clear, you can keep them out of court, prevent potential conflicts and ensure your loved ones are supported exactly as you intend.You want your wishes to be honored. With an estate plan, you have the power to dictate exactly how you want to be cared for if you are incapacitated, or who makes decisions for you if you cannot. If you would not want to linger in a hospital bed for years like Terry Schiavo did before her death, you must create a plan. Otherwise, the people you love could get stuck in a court process fighting over your care. You also get to say who inherits your assets, from your home and savings to sentimental items. Planning ensures there isnt any confusion and guarantees that your possessions end up in the right hands. Planning also makes it clear who should handle things after you are gone, and it makes it as easy as possible for the people you choose. You want to save money and time (for yourself and your family). Dealing with the court if you become incapacitated or when you die is time-consuming, can be expensive and is totally public. Without a clear plan in place, you or your family may face costly legal battles and time-consuming administrative hurdles. Your careful planning now can save them from this stress and financial strain, making the process as smooth as possible. In addition, careful planning ensures that you save yourself money by avoiding unnecessary costs if you are unable to care for yourself. You have minor children. If you have minor children, consider who is home with them when you arent. Would that person know what to do if you didnt make it home? Or would the authorities show up at your house and have to take your children into the care of protective custody/strangers while they figured it out? If the idea of this terrifies you like it does most parents, you need an estate plan. Most parents of minor kids are overwhelmed with the demands of everyday life and dont stop to think that estate planning applies to them. A common misconception is that planning is only for older folks who know their mortality is staring them in the face, and young parents think thats too far off to warrant any consideration. Thats a mistake. Death happens to everyone and incapacity can happen before it, no matter how old you are right now. Dont leave your kids at risk.So now you know you need an estate plan but arent sure what to do next. If you feel like the process seems daunting, dont worry. Taking that first step is easier than you might think. Put Your Tax Refund To Work You might consider using your tax refund to do your estate plan on your own or opt for a cheap online service. While these options can seem cost-effective at first glance, they dont offer the comprehensive coverage and personalized advice that your unique situation requires. Instead, investing your refund in working with a heart centered, holistic attorney with a process in place for ensuring that your plan works throughout your lifetime is a much wiser choice. We will get to know you, your family dynamics, and your assets, and then help you choose the right plan for you both now, and into the future. Creating a will or a trust isnt a one and done thing you do, and then put it on a shelf or in a drawer and never look at it again. When you do that, your plan is almost guaranteed to fail when the people you love need it. In that case, its almost better to do nothing because then at least you have it on your to-do list. False security is one of the greatest risks of estate planning.We will help you navigate the law, and also help you tailor your estate plan to fit your specific needs, as well as provide peace of mind knowing that your estate plan is thorough and legally sound. Remember, when it comes to safeguarding your family's future and ensuring your wishes are accurately reflected, the value of expert guidance is well worth the investment.At the very least, your attorney should help you create the relevant documents, including:Creating a Will: A will is a document in which you detail the distribution of your assets and designate guardians for any minor children. It serves as your voice, ensuring your assets are allocated as you desire. Setting Up a Trust: For greater control over the distribution of your assets, a trust is invaluable. It not only allows for precise management of how and when your assets are distributed but can also offer tax advantages and circumvent the lengthy and public probate process. In addition, and maybe more importantly, a trust will help your loved ones avoid a lengthy, expensive, and totally public court process, which can cost your family significant amounts of time, energy and attention. Selecting Guardians and Executors: A key component of estate planning is choosing individuals who will execute your wishes and look after your children if you are unable to do so. These crucial choices help safeguard your family's future. And if you want to go beyond merely choosing people to raise your kids, you need a thorough Kids Protection Plan, which takes into account anything that could happen (i.e., youre in a car accident and theyre with a babysitter at home). A Kids Protection Plan also ensures your kids are raised by the people you want in the way you want, that someone youd never want to raise your kids is able to, and that the right people are able to get emergency care for them if youre traveling without them.Managing Taxes and Expenses: Effective estate planning can significantly lessen the tax load on your beneficiaries, allowing a larger portion of your assets to benefit them directly instead of going towards tax settlements.These are all undoubtedly important, and what most estate planning attorneys will do for you. However, a Estate Planning Lawyer will go a few steps further, ensuring that investing your tax refund in an estate plan is the very best investment youll make all year. In fact, every Estate Planning Lawyer promises to deliver a plan to clients that works throughout your lifetime. They do this by: Empowering you to choose the right plan that fits your unique family situation, values, and budget (most lawyers will tell you what you need); Ensuring your assets are inventoried and dont end up lost (most lawyers wont tell you that this happens - a lot - to the tune of billions of dollars every year); Creating a Kids Protection Plan, a comprehensive plan outside of your will for what happens to your kids if something happened to you (most lawyers dont even think to do this); Being a trusted advisor for your family, so they have someone to turn to for help when something happens to you (most lawyers dont ever make contact with your family after youve completed your estate plan); Capturing your memories, stories, values and family traditions so they are passed down to the next generations (most lawyers dont think to do this either); and A system for updating your plan at least every three years to make sure your plan stays up to date so as your life changes and the law changes, your plan works when you need it to (most lawyers treat their clients as a one and done transaction, never checking in again and letting your plan go stale). What If I Didnt Get a Refund This Year?Now you may be thinking, bummer, I didnt get a refund this year. Know these two things: 1) Estate planning is always a wise investment whether you get a refund or not; and 2) A Estate Planning Lawyer, using a unique process called Life & Legacy Planning, can help you organize your finances so you are more likely to get a refund next year, or at least not have a big unexpected tax bill, if thats what happened this year.. A Estate Planning Lawyer will also help you get more financially organized than youve ever been before, so that you make the very best decisions about the allocation of your resources for yourself and the people you love. Estate Planning: The Ultimate Expression of LoveAmong all the ways to use your tax refund, estate planning with a Estate Planning Lawyer ensures that your love and care for your family endure long after you're gone. It's an act of foresight that not only secures your family's financial future but also leaves a legacy.Contact Entrusted Legacy Law at 412-347-1731 or click here to schedule a complimentary 15-Minute call. This article is a service of Entrusted Legacy Law. We dont just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Life and Legacy Planning Session, during which you will get more financially organized than youve ever been before, and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life and Legacy Planning Session and mention this article to find out how to get this $750 session at no charge. Please note this is educational content only and is not intended to act as legal advice.
If youre a father, you've always strived to provide the best for your family, ensuring their well-being and securing their future. However, even the most well-intentioned plans can falter if you overlook the complexities of estate planning. So, this Fathers Day, lets celebrate all of you dads and explore some common pitfalls that fathers often encounter, then offer practical strategies to navigate them successfully.Heads up before we dive in; Well provide some stories below that illustrate what happens when a dad hasnt created an estate plan or hasnt updated it over time. The names of the people below are made up, but the scenarios well describe are common. Pitfall No. 1: ProcrastinationAs a father, the weight of responsibility for your family's well-being often rests heavily on your shoulders. However, even the most well-intentioned plans can fail if you overlook the complexities of estate planning. One of the most significant pitfalls is procrastination, or postponing the process under the assumption that you have ample time or that your assets are currently too modest to warrant formal planning. But the truth is that estate planning is crucial for individuals of all ages and asset levels! Unexpected events can occur at any time, leaving your loved ones in a bad situation if you haven't properly documented your wishes.Take for example, John, a 45-year-old father of three, who put off creating a will, thinking he had decades ahead of him. You cant really blame him, can you? Many of us are in the same boat. However, he passed away tragically and unexpectedly, leaving his family to deal with his affairs in the court process called probate. The probate process was lengthy, and his assets were frozen and unavailable for his kids until the court process played out. In addition, probate drained his assets, so there wasnt as much to leave his kids in the end.We doubt this is what John would have wanted.So dads, to avoid the procrastination trap, it's essential to approach estate planning with a sense of urgency. Start the process as soon as possible and review your plan regularly to ensure it remains aligned with your evolving circumstances and family dynamics (keep reading for more information on how we can help!). Pitfall No. 2: Failing to Update Your Plan Over TimeThis brings us to another pitfall: failing to update your plan after significant life events, such as marriages, divorces, births, or deaths. Life is inherently dynamic, and your estate plan should reflect those changes. Your plan should reflect your life as closely as possible, otherwise it could become ineffective or even invalid. And if that happens, you end up like John, even if you already have an estate plan.Updating your estate plan over time is crucial. So, make a habit of reviewing your plan at least every three years, preferably annually, or whenever a major life event occurs. When you work with me, we will help you ensure your plan accurately reflects your current wishes and aligns with any changes in state or federal laws. Pitfall No. 3: Not Communicating With Loved OnesContrary to common belief, estate planning is not solely about legal documents, such as a Will, Trust or Power of Attorney. Documents are merely the byproduct of good estate planning. The real power of estate planning is in having open and honest communication with your loved ones. However, many fathers make the mistake of keeping their estate plans a closely guarded secret, leaving their families in the dark about their intentions and wishes. This lack of transparency can breed misunderstandings, conflicts, and resentments that can undermine the effectiveness of your plan and strain family relationships.Lets look at Davids story for a greater understanding. David, a successful business owner and loving father, always assumed his oldest son would take over the family business after his passing. So, Davids estate plan included a provision wherein his oldest son inherited the business. When David died, however, his son revealed that he had different career aspirations and didnt want to run the business. This led to family conflict - because David didnt have a Plan B in his estate plan.As a result, the family had to go to probate court, spending lots of time, energy, attention, and money, to get the business transferred to the one family member who wanted to run the business. Had David discussed his wishes openly, the family could have addressed their concerns together and arrived at a mutually agreeable solution that would have saved them the unnecessary hassle of probate court.So, what can you learn from Davids story? Share your wishes with your family members, explain your reasoning, and address any concerns they may have. This open dialogue can foster a deeper understanding and strengthen the bond between you and your loved ones. It also allows your loved ones to provide valuable insights and perspectives that can help refine and improve your plan. What a loving gift to give your family! Pitfall No. 4: Not Working With a ProfessionalThe last pitfall Ill address is going at it alone or doing your plan cheaply online. As we pointed out above, estate planning is not just about creating a few documents and putting them away on a shelf until something happens. Theres much more to it.Instead, work closely with a life and legacy firm like ours, who can help you craft a plan that fits your unique family dynamics, wishes and assets, as well as keep in touch over time to ensure your plan is updated and works when you need it to. At our firm, we support you with all this and more, including helping you structure your plan in a tax-efficient manner, minimizing the impact of taxes on your assets and ensuring your loved ones receive the maximum benefit from your estate.We also help you address any unique circumstances within your family, such as a family business, a child with special needs or a family member with addiction issues, ensuring that your plan is tailored to meet the specific needs of your loved ones.So, dads, after reading this, we hope its clear that estate planning is a profound expression of your love and responsibility as a father. By taking action now, you can navigate the pitfalls and create a lasting legacy that transcends your lifetime. Remember, your knowledge and attention to detail today can shape the future of your loved ones for generations to come.How We Support You to Avoid These Common PitfallsAs a Estate Planning Law Firm, we understand that protecting your family goes far beyond just legal documentation. Our mission is to empower you to enshrine your hopes, values, and profound love for your children into a comprehensive plan that preserves your family's integrity for generations to come. We take the time to truly understand what family means to youthe struggles you overcame, the values you hold dear, the future you envision. And then we help you craft a tailored estate plan that meets your needs and stays updated over time.So this Fathers Day, give yourself and your children the greatest gift: your love. Book a call with our office to learn how we can support you, and by extension, your entire family. Simply click on the scheduling link here:Contact Entrusted Legacy Law at 412-347-1731 or click here to schedule a complimentary 15-Minute call. This article is a service of Entrusted Legacy Law. We dont just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That's why we offer a Life and Legacy Planning Session, during which you will get more financially organized than youve ever been before, and make all the best choices for the people you love. You can begin by calling our office today to schedule a Life and Legacy Planning Session and mention this article to find out how to get this $750 session at no charge. Please note this is educational content only and is not intended to act as legal advice.
At Martella Law, we are dedicated to helping families prepare for when "life happens." We assist individuals and couples in transferring their hard-earned assets to loved ones and navigating end-of-life challenges for themselves and their parents.Areas of PracticeEstate PlanningWe offer solutions for those looking to protect their most important assets, namely their loved ones. In addition to a complimentary, confidential, no obligation initial consultation, either in person, or via phone or Zoom, I am also willing to go to a home or medical facility if you are not physically able to travel (at no additional cost). Learn more.Probate ServicesWe help heirs navigate the court-supervised process of identifying and gathering the assets of a deceased person to transfer to beneficiaries. Probate is the legal process after someone dies to settle their estate and distribute their assets to heirs or beneficiaries. It is a court-supervised procedure that ensures the deceased persons debts are paid, and their remaining assets are distributed according to their Last Last Will & Testament, or if there is no Last Will & Testament, according to Floridas intestate succession law.Unfortunately, you are most likely going through the grieving process when the issue of a probate comes up, and the last thing you want to do is to be buried in paperwork and responsibilities if you are the Personal Representative under a Last Will and Testament, or facing an even worse situation where there is no Will. At the Martella Law Firm, we generally recommend to take the first 30 days to take care of yourself and your family and grieve the loss of your loved one. There is nothing that is an emergency. The bank is not going to foreclose on the mortgage immediately, and the credit card companies and hospitals may or may not have an enforceable claim against the estate. Once you have had an opportunity to catch your breath and get control of your emotions, we can sit down together and work out a plan regarding how to get your loved ones affairs in order and handle their estate in an organized and orderly fashion. Medicaid PlanningWe focus on the primary financial considerations and requirements to qualify for Medicaid payments for nursing home care. TOO OFTEN, the first time anyone thinks about how they are going to pay for nursing home care (also known as skilled nursing care), is when they, or a loved one, needs it. Most of us assume that we will go on living our relatively healthy lives and it is not something that we need to think about. At the Martella Law Firm, we strive to educate you on the requirements to meet Medicaid eligibility to cover nursing home expenses. We also partner with experts in the field to assist you and/or your loved one in processing the application, and preparing the legal documents necessary to get you qualified.Trust AdministrationTrust administration ensures your assets are passed without needing to pursue the probate process for assets properly placed in a trust. If you are a Trustee of a trust and have never had that responsibility before, it can truly be overwhelming. At the Martella Law Firm, we will hold your hand through the process and will guide you through what you need to do to make it as stress free as possible. Small Business ConsultingFrom helping you decide what type of entity you should be to ensuring your documents are in place, we assist budding entrepreneurs in pursuing the "American Dream." Many small business owners go on-line and form a business but do nothing more to protect themselves by properly acting like a corporation. If you havent followed the statutory requirements, you could expose your personal assets to business debts. At the Martella Law Firm, we strive to not only make sure you are properly formed, but also, that you maintain your company in conformance with the legal requirements, so that you dont expose yourself to a creditor piercing the corporate veil and going after your personal assets.Meet Mark MartellaMy passion lies in educating the public about the truth concerning proper estate planning to protect individuals and their families. I'm here to prepare you for when "life happens!" While I have been preparing estate planning documents for over 30 years, I never actually saw them in action until my experiences with my Mom. It was then that I realized their importance in making a very stressful time go more smoothly for the family members involved in a parents care. I have since decided to make it my mission to help as many people as I can to have the documents and plans they need in place, before an unexpected life event occurs and its too late. Learn more.Contact UsI offer a complimentary, confidential consultation in person, or via Zoom or phone if that is more convenient. I am even willing to go to someones home or medical facility for a consult and document signing if they are unable to travel due to physical limitations.Please call Tara at my Port Charlotte office at 941-867-6865. I am conveniently located at: 18245 Paulson Drive, Port Charlotte, FL 33954
At Martella Law, we are dedicated to helping families prepare for when "life happens." We assist individuals and couples in transferring their hard-earned assets to loved ones and navigating end-of-life challenges for themselves and their parents.Areas of PracticeEstate PlanningWe offer solutions for those looking to protect their most important assets, namely their loved ones. Learn moreProbate ServicesWe help heirs navigate the court-supervised process of identifying and gathering the assets of a deceased person to transfer to beneficiaries. Learn moreMedicaid PlanningWe focus on the primary financial considerations and requirements to qualify for Medicaid payments for nursing home care. Learn moreTrust AdministrationTrust administration ensures your assets are passed without needing to pursue the probate process for assets properly placed in a trust. Learn moreSmall Business ConsultingFrom helping you decide what type of entity you should be to ensuring your documents are in place, we assist budding entrepreneurs in pursuing the "American Dream." Learn moreMeet Mark MartellaMy passion lies in educating the public about the truth concerning proper estate planning to protect individuals and their families. I'm here to prepare you for when "life happens!"Contact UsI offer a complimentary, confidential consultation in person, or via Zoom or phone if that is more convenient. I am even willing to go to someones home or medical facility for a consult and document signing if they are unable to travel due to physical limitations.Please call Tara at my Port Charlotte office at 941-867-6865.I am conveniently located at:18245 Paulson Drive,Port Charlotte, FL 33954
At Martella Law, we are dedicated to helping families prepare for when "life happens." We assist individuals and couples in transferring their hard-earned assets to loved ones and navigating end-of-life challenges for themselves and their parents.Areas of PracticeEstate PlanningWe offer solutions for those looking to protect their most important assets, namely their loved ones. Learn moreProbate ServicesWe help heirs navigate the court-supervised process of identifying and gathering the assets of a deceased person to transfer to beneficiaries. Learn moreMedicaid PlanningWe focus on the primary financial considerations and requirements to qualify for Medicaid payments for nursing home care. Learn moreTrust AdministrationTrust administration ensures your assets are passed without needing to pursue the probate process for assets properly placed in a trust. Learn moreSmall Business ConsultingFrom helping you decide what type of entity you should be to ensuring your documents are in place, we assist budding entrepreneurs in pursuing the "American Dream." Learn moreMeet Mark MartellaMy passion lies in educating the public about the truth concerning proper estate planning to protect individuals and their families. I'm here to prepare you for when "life happens!"Contact UsI offer a complimentary, confidential consultation in person, or via Zoom or phone if that is more convenient. I am even willing to go to someones home or medical facility for a consult and document signing if they are unable to travel due to physical limitations.Please call Tara at my Port Charlotte office at 941-867-6865.I am conveniently located at:18245 Paulson Drive,Port Charlotte, FL 33954