Planning is important when providing for your children or grandchildren. But planning for their education has special importance and may have special advantages. This article looks at how a trust can be used to provide for your child or grandchild’s education. The article looks at how a trust can protect those funds.Planning for Education Expenses … [Read more...]
Planning for Special Needs Children
Planning is important when providing for any of your children. But planning is even more important for special needs children. Without proper planning, an inheritance can jeopardize a special needs child’s needs-based benefits, such as SSI or Medicaid. Read on to learn more about planning for special needs children.Planning for Special Needs Children … [Read more...]
Californians Get Favorable Medi-Cal Parameters
Before we dig deeply into the details with regard to the advantages that Californians enjoy, we should explain why Medi-Cal should be on your radar in the first place. The vast majority of seniors will someday need living assistance, and about 35% will eventually reside in nursing homes.These facilities are extremely expensive. At the time of this writing in 2019, here in the greater Los Angeles area, you are looking at over a hundred thousand dollars per year, and it could be much more … [Read more...]
Incapacity Planning Can Prevent Conflicts
It takes a comprehensive approach to construct an estate plan that covers all of your bases. Yes, you have to take the right steps to get financial assets into the hands of your loved ones in the appropriate manner. This being stated, you should also consider the events that may enter the picture before you pass away.Aging Takes Its TollThere is no way you can truly wrap your head around the way that it will feel to go through life as an octogenarian. This can seem like a feat of longevity … [Read more...]
Two Trusts That Provide Advanced Solutions
People often reduce estate planning to the creation of a last will, but in reality, there are many different legal tools in the toolkit that estate planning lawyers can utilize. The proper course of action will depend upon the circumstances.This is why we place an emphasis on personalized attention when we work with clients. We gain an understanding of your unique situation and your estate planning goals, and we provide the appropriate solutions. Let’s look at a couple of the scenarios that … [Read more...]
Probate Can Be Misunderstood
When you decide that you want to obtain information about something, you can easily pop a term into your favorite search engine in an effort to educate yourself.Without question, a lot very valid information can be found online, but you do have to keep a watchful eye. The Internet is used by completely objective entities, but there is also a great deal of business conducted. When you search for a term, you are invariably going to run into articles that are intended to drive commerce.This … [Read more...]
Long-Term Planning: One Thing Leads to Another
Financial planning should be looked at as a long-term, holistic process. When you first embark on a career path, you want to develop some savings with certain financial goals in mind. A home purchase may be the first step, and the short of this, you want to make sure that you have a nest egg to draw from on a rainy day.As your life evolves over the years, you may get married and have children. At that point, financial planning will take on a different complexion as you look ahead toward the … [Read more...]
Wartime Veterans Pension Look-Back Imposed
As elder law attorneys, we assist people that are concerned about the eventualities of aging, so we have a thorough understanding of all the programs that can be of assistance to seniors. One of them is an often overlooked veterans benefit, and we will take a look at it here.Supplemental Income for Wartime VeteransPeople that serve in the military are eligible for a retirement pension after they have served for at least 20 years. The amount of the payout will go up depending on the length of … [Read more...]
There Is More Than One Type of Will
There are those that adopt the do-it-yourself perspective when it comes to estate planning, and there are a number of reasons why this is not a good idea. Consumer Reports studied the subject a few years ago, and with the help of three prominent legal professors, they came to the conclusion that DIY estate planning is risky business.As a layperson, you are not going to know about all the estate planning documents that are available to you. When you understand the facts, you may be quite … [Read more...]
Planning for Step-Children
If your spouse has biological children, you may consider them your own. But, if you haven’t adopted them, they have no inheritance rights. This article looks at how to plan for step-children.Planning for Step-Children … [Read more...]
