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 Keeps People From Planning Their Estates?There is not much we own as a family. Can't we wait until we have the money to plan? You shouldn’t.
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Considering Medicaid Eligibility for Long-Term CareIn 1965, Medicaid was established to provide healthcare to low-income and asset-poor individuals.
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What Are the Different Types of Trusts?We often receive this question. You can use the following information to determine whether you need a trust and, if so, what type would work best for you.
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Five Important Legal DocumentsIt is imperative that every American has an estate plan in place if they wish to protect themselves and their loved ones.
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You Can Avoid a Conservatorship With a Durable Power of AttorneyThe term conservatorship refers to a legal guardianship of an adult. The decision-making and acting on behalf of another can be done by one (or several people).
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Keep Your Estate Plan Up-to-Date to Avoid These MistakesIn the minds of many Americans, estate planning is something that can be accomplished once and then filed away.
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Personal Possessions: These Are the Things That Make MemoriesLet's say your estate plan is complete. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently.
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The Benefits of Living Trusts for SeniorsSeniors are often the target of financial abuse and scams, which is an unfortunate fact. Sadly, the elderly are often taken advantage of by strangers — and sometimes even their own family members.
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Maximize Heirs’ Cooperation in Your Estate PlanningYour children, including minors and adults, may not agree about your family circumstances, including who should inherit your estate.
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What You Need to Know about Estate SettlementIf you need someone to act as your estate's representative (executor) or if you have been chosen to act as the executor and accept the responsibility, you should consider certain details first — the complexity of the task and the order in which you should take it on.
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An Estate Planning Letter of InstructionA letter of instruction (LOI) is an essential component of any estate plan, whether you are just getting started or already have one in place.
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The Probate Process With or Without a WillIt is widely known that probate is a process that begins after the death of a loved one, and it occurs in probate court.