As an attorney with license to practice law in both Florida and Ohio, I find that many people I come in contact with either live in Florida and have family in Ohio or vice versa. If you or someone you know happens to fall into one of those categories, you may want to consider the following comparison chart between Florida and Ohio as it relates to taxes, assets and medicaid:
COMPARISON BETWEEN FLORIDA AND OHIO
TAXES, ASSETS AND MEDICAID
|
Florida |
Ohio |
|
| Income Tax |
None |
Income Tax |
| Estate Tax | None | Estate Tax |
| Homestead Exemption (Primary Residence ) | Allowed (Residence is free of Medicaid liens) | None (Residence must be sold or lien) |
| Care Management Agreement allowed | Yes | Restricted |
| Reverse Mortgage | Yes | Yes |
| Income Producing Assets | Yes | Limited |
| Income Producing Real Estate | Yes | Limited |
| CSRA $109, 560 | 100% | 50% |
| Support Orders Guardianship Divorce |
Yes | Yes |
| Pooled Trust Over 65 | Yes | Yes |
| MIDGTSGrantor Trusts/Deduction Trust | Yes | Yes |
| Spousal Refusal | Yes | No |
Attorney, Laurie E. Ohall, is an attorney with license to practice in both Florida and Ohio, where she is of-counsel with the firm, Browning, Meyer & Ball, Co., LPA. She is happy to help families with legal issues pertaining to elder law, estate planning, probate, guardianship and special needs trusts. For more information, contact the Law Offices of Laurie E. Ohall, PA today.