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Palm Springs Law Blog

Monday, March 29, 2021

The 6 Biggest Mistakes People Make Regarding Supplemental Needs Trusts


When a loved one has special needs, it's important to ensure that they are protected even after you are gone. Many parents, wanting to care for their children with special needs, will leave their children with disabilities a large inheritance.

However, while ensuring that a loved one who has special needs receives enough financial resources to meet their long-term care needs, it’s also important not to risk losing the eligibility for them to receive governmental aid, such as California’s Supplemental Security Income (SSI) or Medicaid program, Medi-Cal.
Read more . . .


Wednesday, March 3, 2021

5 Reasons You May Want to Hire an Attorney After a Loved One Dies


When a loved one passes away and you find that you are a beneficiary of his or her estate, you may not know whether you need an attorney or not. While there may already be an attorney involved, he or she is likely acting in the interest of either the executor (if there is a will) or the trustee (if there is a trust). So when should you consider hiring an estate planning attorney to represent you personally? Here are 5 reasons.
Read more . . .


Wednesday, February 17, 2021

What Can You Do for a Loved One with Dementia Who Doesn’t Have a Will?


While it’s always in your best interest to begin estate planning sooner rather than later, sometimes it doesn’t always happen. So what happens if you have a loved one who lacks a Will or a Trust but is currently diagnosed with dementia?

In order to create an estate-planning document of any kind, it’s required that the individual doing so have the necessary mental capacity. When someone has dementia, it qualifies as a mental defect that could diminish his or her legal capacity.
Read more . . .


Wednesday, February 3, 2021

Should You Have a Business Succession Plan?


There are many things that go into owning a business. One such thing is a business succession plan. A business succession plan is a legal document that provides what is to happen should there be a change in ownership of the business.
Read more . . .


Wednesday, January 20, 2021

Revoking a Revocable Trust: What to Know


While we generally create trusts to hold assets for our heirs to receive at a certain point, sometimes we want the opportunity to change the trust during our lifetime. Many things can change in life and sometimes these changes are enough to want to alter your trust. You can do so, but only with a “revocable trust.”

A Read more . . .


Wednesday, January 6, 2021

Other Reasons for Estate Planning Aside from Distribution of Assets


You’ve probably heard of the importance of estate planning, but you still may not know its real purpose. It is certainly true that estate planning is used to ensure that your loved ones receive your assets and are cared for after you pass away.

When you die intestate (without a Will), you have no control over who will receive what.
Read more . . .


Wednesday, November 25, 2020

Naming Your Trust: Tips to Keep in Mind


While we know that the decision of what to name a child is extremely important, most people are unaware of the importance of naming your trust. Unlike other legal entities, such as corporations and LLCs, there are no laws when it comes to naming your trust. This is because your trust is not registered with the government.
Read more . . .


Wednesday, November 11, 2020

What to Know About California’s Intestate Succession Laws


For those who own a home in the U.S., it’s a good idea to establish an estate plan in order to be sure that your home goes to whom you desire when you die.
Read more . . .


Wednesday, September 23, 2020

CalABLE Accounts Help Those with Special Needs


When someone is living with a disability that makes them unable to sustain gainful employment, Social Security Income (SSI), Medicaid (known as MediCal in California), and other government benefits can often help to put a roof over their head and food on their table. But in order to qualify for these benefits, the individual must make under a certain amount of money and must not have enough money to independently support them. Money sitting in their bank account can be counted against their ability to qualify.

Due to this situation, it essentially works to prevent people with special needs from building savings whether gained through inheritance, gifts or earned income. This begs the question of how can they save money without jeopardizing these benefits?

Special Needs Trust

One option is to create a Read more . . .


Wednesday, September 9, 2020

Has COVID-19 Impacted Your Estate Value?


You’d be hard-pressed to find someone who hasn’t been at least slightly impacted by the coronavirus pandemic. For many Americans, it has greatly injured their livelihoods and financial health. As we move forward in light of COVID-19, it’s important to determine whether any of your estate planning documents must be revised based upon how your estate value has been impacted.

Therefore it’s important that you speak with a knowledgeable and Read more . . .


Wednesday, August 19, 2020

Do Basic Wills Work for Blended Families?


It’s no secret that having a comprehensive estate plan is in the best interest of you and your family. Wills in particular are strongly encouraged by legal professionals. But for blended families, are standard Wills still in their best interest?

This is an important question for about 25 percent of the U.
Read more . . .


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