Is property held in an applicants revocable living trust a countable asset?
Jun 01, 2016
Property held in your revocable living trust is accountable asset, both for Medi-Cal and veteran's benefits purposes. There are different types of trust, such as an irrevocable trust that we can set u...
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Is there any way I can prevent nursing home costs from wiping out my parents savings?
Jun 01, 2016
Many families come to us for that particular reason. Right now in California a nursing home exceeds $8,000 on average per month. Many families that come to us can't afford that for more than a couple ...
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Should I add my family members name on my assets and avoid a will?
Jun 01, 2016
Every family is different. For some families, that might be a decent strategy for estate planning; however, for most families, that can cause severe negative tax consequences. Additionally, when you a...
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Should I have a power of attorney for healthcare?
Jun 01, 2016
You should have a power of attorney for healthcare. A healthcare power of attorney lets you name an agent or someone to make decisions for your healthcare needs if you can no longer make those decisio...
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What are the medi-cal application and eligibility requirements?
Jun 01, 2016
The most common requirements that people come to see elder law for are for the asset requirements. If you're a single individual, you can only have $200,000 to be eligible for Medi-cal. If you're marr...
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What are the military service requirements to receive va aid and attendance?
Jun 01, 2016
There are a few different military requirements. The first requirement is that you served at least 1 day during a period of war. That's World War II, Korea, or Vietnam. Another requirement is that you...
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What does it mean to fund a trust?
Jun 01, 2016
A trust is a legal agreement between yourself and your trustee on what happens to your finances when you become incapacitated and when you pass away. A trust is only as good as what it controls. When ...
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What does spend down mean?
Jun 01, 2016
Spend-down is a common term that people use when referring to Medi-Cal. It refers to spending all of your money, in order to qualify for Medi-Cal. I particularly don't like that term. What I like to d...
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What happens if you do not have a will or trust?
Jun 01, 2016
If you don't have a will or a trust and you become incapacitated, it will be necessary to go through a conservatorship. A conservatorship is where we go to court and a judge appoints someone to manage...
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What if I really need in home care but I make too much income to qualify for VA aid and attendance?
Jun 01, 2016
The way the Veteran's Administration calculates your income is different than our definition of income. When you apply for veteran's benefits, your income will be offset by your medical expenses. If y...
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