Your final wishes can come into conflict with a variety of state and federal laws. In our blog, we explore how current U.S. laws affect the amount of your assets that can be passed on to beneficiaries, and examine how California legislation affects Medi-Cal eligibility, probate, taxation, and other financial considerations.
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What Is the Purpose of an Advance Directive?Kevin stares at the door of Winnie's nursing home room with tears streaming down his cheeks.
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What You Need to Know About Pet TrustsThe creation of a pet trust can provide for your horses, dogs, cats, parrots, or even more exotic pets such as snakes and lizards after you die or are no longer capable of caring for them.
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An Overview of Gift TaxationTransferring assets, cash or property, without receiving anything of equal value is subject to gift tax.
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How Does a Continuing Care Retirement Community Work?A continuing care retirement community (CCRC) consists of three distinct living phases.
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The Tragic Legacy of Larry KingDuring his career, Larry King married seven women and had five children with several of them.
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What a Divorce Means for Estate PlanningDivorce is rarely an easy process. There is a lot of stress and emotion involved. There are many factors to consider that may also change over time.
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Residents of nursing homes are protected by the policies of the Centers for Medicare and Medicaid ServicesNursing homes face a variety of public health challenges from infectious diseases like the flu and COVID-19. The Center for Medicare and Medicaid Services, CMS, outlines specific policies and protocols for residential health facilities.
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The Importance of Crucial Conversations When It Comes to Advance DirectivesIt is one of the most challenging things we will ever face in our lives to contemplate our own death. Yet it is very important to think carefully about the medical treatment we would want for that challenging time.
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The Role of Structured Settlements in Funding Special Needs TrustsThe award you receive from a personal injury lawsuit can be received in a lump sum or as a structured settlement. You may opt for a substantial initial amount with lesser succeeding payments to provide for lost income.
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How to Research the Best Eldercare for Your Loved OnesThe government underfunds long-term care facilities, according to some sources
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When It Comes to Estate Planning, How Should a Timeshare Be HandledDuring the purchase of a timeshare in a holiday resort, the resort agent recommended that Mom and Dad sign a deed leaving the share to their children, so that after their passing, the children could continue to enjoy it.
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Getting Ready for a Crisis: A Guide for CaregiversIt is a dangerous world out there. Even if everything goes well, taking care of someone else's needs can cause stress.