498 Palm Springs Dr Suite 100
Altamonte Springs, FL 32701
Regular Hours
Mon - Fri | 9:00 am - 5:00 pm
Sat - Sun | Closed
Informations
Those who fail to plan, plan to fail!" - Source Unknown
I. Michael Tucker is a Central Florida estate planning attorney with 26 years of experience in the areas of estate planning, probate, and Medicaid planning who thoroughly believes in helping his clients succeed.
Mr. Tucker includes revocable living trusts, irrevocable living trusts, charitable trust planning, private (family) foundations and a wide variety of planning tools to eliminate probate and to reduce or totally eliminate federal estate taxes.
In addition to the tools mentioned above, Mr. Tucker is also involved in creating new businesses through the use of partnership agreements including family limited partnerships, limited liability companies and corporations. He is also involved in business succession planning through the use of buy-sell agreements, installment sales agreements, private annuities and other tools.
Medicaid Planning is an important issue that affects not only the elderly and infirm, but their children as well. Many seniors find that their previous planning is inadequate when it comes to Medicaid and long term care. Many thousands of dollars are lost to families each and every day because of inadequate planning or no planning at all.
Mr. Tucker offers a free consultation in his office. For those who are unable to travel to his office, he can arrange a home visit.
I. Michael Tucker
B.B.A. in Marketing from the University of Miami (Coral Gables, Florida)
Juris Doctor California Western School of Law (San Diego, California)
Services/Products
Elder Law
What is Elder Law? Elder law is really a misnomer in my opinion as it means more than planning for elderly people. It also encompasses planning for individuals that are under the age of 65 whom due to illness, accident or injury are no longer able to take care of themselves and support themselves through their own efforts.
What is "Special Needs Planning"? The special needs trust occurs in two instances.
First, this type of planning is for individuals that receive money as a result of an injury suffered at the hands of another, such as an automobile accident, bicycle accident, etc. The purpose of this planning is to allow the injured party to collect for his or her injuries while still being able to receive Medicaid benefits during their lifetime. The "special needs trust" then allows for items to be purchased for the individual that Medicaid wont pay for such as an electric wheelchair instead of a manual wheelchair.
Second, a parent or grandparent or another individual may set up a special needs trust for an individual in their living trust or perhaps in their will. A living trust is preferable, since those assets don't have to go through probate.
What is Medicaid Planning?
There are two types of permissible Medicaid Planning. The two types are broken down into planning for someone under the age of 65 and planning for someone over the age of 65.