Elder Care Attorney, Mindy Felinton reveals greater importance of estate planning over simple wills in light of 2017 tax law changes.
Delray Beach, FL , September 16, 2019: Mindy Felinton, founder of Felinton Elder Law & Estate Planning Centers, has posted a new blog on her law firm’s website entitled “Your Will Won’t Protect Your Loved Ones From Predators And Creditors,” in which Ms. Felinton lets readers know that the time is right for reviewing current wills.
Felinton assures her readers that, “Last wills and testaments are, without question, powerful documents.” She elaborates adding, “Besides giving you the ability to distribute your estate, choose your heirs and appoint guardianship, a will also lets you give your most precious belongings to your favorite people.” However, she goes on to add, “But a will is not an estate plan, though it may be part of your estate plan.”
As Felinton points out, “I draw your attention to this because back at the end of 2017 the new tax law changed the estate tax exemptions.” “The new law,” says Felinton, “made it even more important for taxpayers to understand the difference between a will and a true estate plan. Under the new tax laws, very often a will simply won’t be adequate. Not understanding the differences could deliver a devastating blow to your beneficiaries.”
The entire blog can be read at https://www.felintonlaw.com/your-will-wont-protect-your-loved-ones-from-predators-and-creditors/
About Mindy Felinton
From a young age, Mindy wanted to be the voice that would make an impact in people’s lives. She became an attorney and has practiced law for over 30 years, so that she could fulfill her desire to help others. As a special prosecutor, Mindy defended the underdog (literally) in cases of animal abuse. As a state attorney in Florida she fought for justice. During the last 25 years, Mindy met many wonderful people who did not know their rights, did not understand the law, and did not know what options were available.
Mindy assists families with Medicaid planning to help with the cost of nursing home care and with obtaining veteran’s benefits to make the cost of care more manageable. She also prepares wills, trusts, powers of attorney, and medical directives. Mindy is passionate about educating both other professionals and the public concerning VA Aid & Attendance benefits, Medicaid benefits, and the use of trusts for the protection of assets. She shares her experience and professional knowledge through free workshops, and as a frequent lecturer at State Bar Conferences.