Placentia, CA
Estate planning Lawyer at Placentia, CA
Practice Areas: Estate Planning, Litigation, Elder Law
There is no set time frame when an estate plan should be reviewed, but there are a couple of times I think it should be. One is if there are any changes in the tax law, such as in 2013. If there are a...
See Full GuideTitling assets in the name of your revocable living trust does not take away control from you or your spouse. It allows your trustee the authority to manage your finances if you can no longer manage t...
See Full GuideCurrently, Medi-Cal does not pay for assisted living. In general, Medi-Cal is limited to long term care in a skilled nursing facility. There is a pilot program in some counties in the state called the...
See Full GuideMedicare only covers a portion of your nursing home care. When you enter a skilled nursing facility after being admitted to a hospital, Medicare will cover a hundred percent of your first twenty days ...
See Full GuideThe current federal estate tax limit is 5.45 million dollars per individual. What that means is if you pass away with more than that, there are estate taxes. If you pass away with less than that, ther...
See Full GuideA conservatorship is where a judge declares that you're no longer able to handle your financial affairs. A power of attorney has a lot of benefits over a conservatorship, one being the whole process. ...
See Full GuideIt depends on the gift. For example, you could give away your home to your children and qualify for Medical immediately. That might not be a good strategy, every family is different. If you were to gi...
See Full GuideAn inheritance from your mother or father is your separate property. If we maintain segregation from your child's spouse we can maintain that separation of property and it will not be subject to their...
See Full GuideIt depends on when the gift was made. If your mother gives away $10,000 and then subsequently applies for Medi-Cal, Medi-Cal will look back and see if that $10,000 gift was given in the last 2 and hal...
See Full GuideIf you receive Medi-Cal and pass away, the state, through the Department of Healthcare Services, has a program called the Estate Recovery Unit. What that unit's job is to get paid back for any money t...
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