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Estate Planning

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 5, 2020

What Should Heirs Know About Paying off the Debts of Loved Ones?


As our economy continues to suffer as a result of the coronavirus pandemic, millions of Americans are experiencing severe loss of income as well as mounting debt. For Baby Boomers and older Americans who have planned and saved for retirement, this was far from expected. Instead of leaving their children with large assets, it’s likely that many older Americans will leave their children and other heirs with bills when they pass. Does this mean that younger generations will be stuck with even more debt? Luckily, that’s probably not the case.

The last thing that you want to concern yourself with when mourning the loss of a parent or close loved one and tying up loose ends is to have to worry about how you’re going to be able to pay for any debts they did not pay off.
Read more . . .


Wednesday, July 22, 2020

Designated Beneficiaries or Your Will: What Takes Priority?


As you make a living, you likely contribute a percentage of your income each paycheck to your retirement fund. If you work for yourself, you (hopefully) put away an amount of money for the same each month. As a result, your retirement ends up being one of your largest assets.

While most people worry that they haven’t saved enough money to comfortably retire, others worry about what may happen to their retirement assets should they not use them all prior to passing. This begs the question of what happens to your retirement funds in the probate process?

While most assets go through the probate process, not all of them do.
Read more . . .


Wednesday, July 8, 2020

Probate and Long-term California Cohabitants


While marriage used to be standard for cohabitation, such is no longer the case. Many people choose to cohabitate with each other without being married. However, despite the absence of a marriage certificate, long-term partners or companions are often as dedicated and connected as those who are married. The main difference though is that Read more . . .


Wednesday, June 24, 2020

Planning for the Future of Your Business


As the COVID-19 pandemic continues to wage war on the American economy, small businesses are feeling the effects. Many business owners are left wondering about the future of their companies. But with so much else going on, they often fail to proactively plan for the future. Now is a great time to do so. Even after navigating through the era of coronavirus, if small business owners fail to establish an estate plan, some day when they die, the business will simply die with them.
Read more . . .


Wednesday, June 10, 2020

Should You Hire an Estate Planning Attorney?


From unclogging a toilet to building a house, with the Internet and sites like YouTube being more popular than ever, you can pretty much figure out how to do anything yourself. This can prove extremely helpful when you want answers now – and want to save money in the process. However, it’s important to understand what you should – and shouldn’t – do yourself.

One thing you shouldn’t DIY: your Read more . . .


Wednesday, May 20, 2020

Considerations for Special Needs Guardianship


One of the most important responsibilities that a parent has is to look out for the safety and wellbeing of his or her children. This is why it is so important to prepare for the guardianship of your child. Guardianship is the legal process that allows an individual who is named to serve as the final decision maker for another person.

But while consideration should be given to whom you wish to assign the position to, special consideration should be given for those who have children with special needs. People with Read more . . .


Wednesday, May 6, 2020

Contests and Disputes: Protecting Your Estate from Family Feuds


When we pass away someday, we often hope that our assets can be provided to those whom we love. The last thing that we want is for those very individuals to get into a dispute over the estate. Unfortunately though, this can occur even within the closest families often due to the emotional strain that is often experienced when grieving.

Not only can these family feuds prove devastating for relationships, but they can also cost you a lot of time and a lot of money. Estate disputes can even drain resources and leave your loved ones without the close relationships they once shared – let alone the gifts you intended for them to have.
Read more . . .


Wednesday, April 22, 2020

What Happens When A Non-U.S. Citizen Dies in California?


As a proud melting pot of the world, the U.S. often becomes home to non-U.S. citizens.
Read more . . .


Wednesday, March 25, 2020

Estate Planning for a Loved One with Dementia


Dementia is a word used to explain a set of symptoms such as memory loss, a decline in problem-solving skills, and unclear thinking. It serves as the umbrella term to a number of diseases. One such disease that can be considered a type of dementia is Alzheimer’s disease.

In addition to Alzheimer’s, common causes of dementia also include:

  • Parkinson’s Disease Dementia
  • Vascular Dementia
  • Mixed Dementia
  • Huntington’s Disease
  • Frontotemporal Dementia
  • Dementia with Lewy Bodies

Planning Ahead with Alzheimer’s or Dementia

Though it can be quite difficult to picture your future (or the future of your spouse) with dementia, it is exceedingly important. This is because without


Read more . . .


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