In our Ohio Elder Law practice, we find that many people either live in Ohio and have family in Florida, or vice versa.
If you or someone you know happens to fall into one of those categories, this chart is for you.
Consider this comparison between Florida and Ohio — as it relates to taxes, assets and medicaid:
Ohio vs. Florida
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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 |
MIDGTS Grantor Trusts/Deduction Trust | Yes | Yes |
Spousal Refusal | Yes | No |
Browning & Meyer Co., LPA is a law office with more than 60 years of experience in the firm’s specialized areas of practice.
These areas of expertise include:
- estate planning,
- elder law,
- estate administration,
- probate administration,
- trust administration,
- asset preservation,
- tax planning,
- guardianships,
- special needs planning, and
- Medicaid eligibility planning and litigation.
With offices in Columbus and a Florida attorney of-counsel with our firm, we have the ability to offer a wide array of legal services to assist you and your family as you move through the stages of life.