The U.S. Department of Health and Human Services reports that the rate of hospitalization in nursing homes is steadily rising. According to some statistics, one-fourth of long-term nursing home patients require hospitalization every year and one-fifth of nursing home patients receiving Medicare benefits return to the hospital within 30-days of being released. This “boomerang” effect of repeated hospitalization and nursing home readmissions is a problem. Our Long Beach nursing home lawyer can … [Read more...]
Missing Long Beach Woman Highlights the Need for Conservatorships
An elderly woman with medical conditions who is prone to becoming disoriented has gone missing in Long Beach. A resident at a long-term care facility, she was last seen leaving the facility on September 15, 2018. When loved ones become unable to care for themselves, it is often necessary to consider the need to have a conservator appointed. If you have questions about conservatorships, let our attorneys answer them for you.What is a conservator?A conservator is someone appointed by the court … [Read more...]
New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly!
The Veteran’s Administration is beginning asset limits for qualification for the Aid & Attendance benefit. The limit goes into effect on October 18, 2018. If transfers are made prior to October 18, 2018, they will escape penalties on the transfer and the client would qualify. Read on for more information on this unique opportunity.New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly! … [Read more...]
Estate Planning is for You, Not Just Your Parents or Grandparents
If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried.Estate Planning is for You, Not Just Your Parents or Grandparents … [Read more...]
Special Accounts for People with Special Needs
ABLE accounts provide tax benefits and flexibility to disabled people. ABLE accounts are available to those disabled before age 26. Read on to learn more about ABLE accounts and how they can be used with a Special Needs Trust for maximum advantage.Special Accounts for People with Special Needs … [Read more...]
Los Angeles Estate Planning Lawyers Dispel the Stigma of a Prenup
Most people would agree that prenuptial agreements (or “prenups” as they are commonly called) have developed quite a stigma. Indeed, some people believe the mere mention of one dooms a marriage to failure. But, as our Los Angeles estate planning lawyers will explain, a prenuptial agreement does not have to be a sign of distrust. Instead, it should be seen as a promise of fairness between two people who love each other but still want to protect their assets.What is a Prenup and Why Does it … [Read more...]
What Can I Do if Avoiding Probate is My Goal?
There are a few reasons that avoiding probate may be your goal for estate planning. It may be that the expected cost of the probate process is more than you want your family to incur after your death. It may be that you don’t want your family to wait years to receive their inheritances. Regardless of your reasons, avoiding probate is a decision you should discuss with your probate attorneys beforehand.Is Completely Avoiding Probate Actually Possible?A question clients often ask is whether it … [Read more...]
Planning for the Client Moving Overseas
In this increasingly mobile world, clients often spend periods of time living in other countries, or even retiring overseas. How does one address estate planning in this situation? This article explains what to do.Planning for the Client Moving Overseas … [Read more...]
Los Angeles Probate Lawyers Explain Electronic Filing Requirement
In California, probate proceedings are handled in the California Superior Courts. The Los Angeles County Probate Court is a Court of General Jurisdiction that handles matters including but not limited to the following proceedings: Decedents' estates, Trust proceedings, Guardianship proceedings, Conservatorship proceedings, and Minor's compromises. During the probate process, there are many documents that must be filed with the court. Now, those documents must be filed electronically. Let our … [Read more...]
Why Should You Create a Special Needs Trust?
As the attorneys at the Schomer Law Group can assure you, trusts are quite helpful in estate planning. They provide a useful way to set aside assets for a chosen beneficiary for future use. There are specific trusts that serve specific purposes like ensuring future support for a loved one with special needs. The trustee you select will then manage and safeguard that proper and will only make it available to that person once the provisions of the trust document have been met.What Does the … [Read more...]
