While nobody wants to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Many people believe that trusts are only for multi-millionaires who wish to leave large trust funds to their children. However, this is far from the truth – trusts are invaluable tools in the estate plans of most individuals.
Elder Law is a specialty of law that caters to the unique needs of older clients, and those with long-term illnesses (Alzheimer's, dementia, etc.). Beverly Hills & Woodland Hills Elder Law encompasses:
- Specialized estate planning strategies (such as the Medi-Cal Asset Protection Trust).
- Determining the right care based on the illness (see more about our Life Care Planning Service).
- Planning for ways to pay for that needed long-term care without going bankrupt.
Medi-Cal, VA benefits, and other resources are extremely beneficial to our clients, and planning for eligibility is important. Our planning also involves protecting assets from possible Medi-Cal recovery after a nursing home stay.
For many people, the creation of a robust estate plan is enough to protect their assets and family members after they are gone. However, for those with high net worth, an estate plan is not enough to prevent savings, real estate, and other valuable assets from being lost to creditors, divorce, lawsuits, or judgments. Our firm offers asset protection services for Californians seeking to prevent their wealth from falling into the wrong hands.
Losing a loved one places a significant burden on family members, especially those who have been entrusted to handle the deceased’s estate. The duties of trustees and executors can seem never-ending, and all have their own time limits, stipulations, and convoluted legal terminology. Our law firm can help California executors and trustees get through the probate or trust administration process, allowing them to discharge their legal duties with minimum hardship.