The Medi-Cal program is a jointly administered federal/state government health insurance program. In California, it is called Medi-Cal. Most senior citizens who worked throughout their lives will qualify for Medicare coverage. This is also a government run health insurance program. If you qualify for Medicare, you won't need Medi-Cal at first, and you probably wouldn't be eligible, because Medi-Cal is a need-based program. People who have a reasonable store of assets cannot qualify. In … [Read more...] about Register for our Upcoming Free Medi-Cal Planning Workshop, Thursday, April 21
Why is Estate Planning Important in 2016?
Studies show that a majority of American adults do not have a complete and cogent estate plan in place. Failing to plan ahead for death and the likelihood of incapacity in our later years can be costly, both emotionally and financially. Many people do not have an estate plan because they don't understand the importance of estate planning. We will highlight some of the key reasons why estate planning is essential in this blog. Avoiding Intestacy If you pass away without any estate … [Read more...] about Why is Estate Planning Important in 2016?
Do You Need to Speak with an Elder Care Law Firm?
The question of when you might need to speak to an elder care law firm can be a difficult one to answer. What is an elder care law firm? How can they help you? What if it is a loved one who needs help? This blog article will address these questions to assist you in determining when you or a loved one might need to speak with an elder care law firm. When you need an elder care law firm for yourself Elder law attorneys specialize in the legal issues that affect seniors. These issues can include … [Read more...] about Do You Need to Speak with an Elder Care Law Firm?
How Expensive Are Nursing Homes in California?
When you are devising a long-term financial plan, you should consider the eventualities that you may face during your twilight years. Nursing homes are very expensive, and many elders do require nursing home care at some point in time. There are various different reasons why people ultimately need this level of care. However, when you gain an understanding of the widespread nature of Alzheimer's disease, you can see why so many seniors need long-term care eventually. The Alzheimer's … [Read more...] about How Expensive Are Nursing Homes in California?
Free Living Trust Seminars in September
Helping to keep our community informed is important to us. We get out into the community on an ongoing basis to provide helpful information to people here in the greater San Jose area. To this end, we present an ongoing series of informational workshops covering various elder care and estate planning topics. Our workshops and seminars are free of charge and open to the general public. During the month of September, we will be offering seminars that focus on the subject of living trusts. Why … [Read more...] about Free Living Trust Seminars in September
What Is the Difference Between a Living Will and a Living Trust?
The one estate planning document that most people have definitely heard of is the last will or last will and testament. This is a legally binding document that you can use to direct the way that your assets will be transferred after you die. Because people equate a will with monetary asset transfers, some confusion can arise when it comes to the document that is called a living will. A living will is not a vehicle that is used to transfer financial resources. You would use a living will to … [Read more...] about What Is the Difference Between a Living Will and a Living Trust?
Does the Medi-Cal Look-Back Apply if I Give a Caregiver Child My Home?
Medi-Cal is California's version of the Medi-Cal program that is jointly administered by the federal government along with each respective state government. This program is very important for many senior citizens, because it will pay for long-term care. Most people will need living assistance, and Medicare will not pay for custodial care. Because Medi-Cal is a need-based program, there are income and asset limits that you must stay within to qualify for coverage. In spite of this, many people … [Read more...] about Does the Medi-Cal Look-Back Apply if I Give a Caregiver Child My Home?
What Are the Disadvantages of a Power of Attorney?
Your estate plan is going to address the things that will take place after your passing, but you should think holistically. End-of-life issues also enter the picture, and you should prepare for these eventualities in advance. People often become unable to communicate at the end of their lives, but decision-making may still be necessary. To account for this, you could execute legally binding documents called durable powers of attorney. A durable financial power of attorney can be executed to … [Read more...] about What Are the Disadvantages of a Power of Attorney?
Elder Care FAQS: How Common is Alzheimer’s Disease?
Elder care law firms help people who are serious about preparing for the eventualities of aging. Pragmatism is key, and you have to confront some circumstances that can be quite challenging if you want to be optimally prepared. Alzheimer's Disease Everyone has heard of Alzheimer's disease. Though there is such a thing as early-onset Alzheimer's disease, it is relatively rare. For the most part, Alzheimer's is a threat to senior citizens. How common is Alzheimer's disease? The statistics … [Read more...] about Elder Care FAQS: How Common is Alzheimer’s Disease?
What Questions Should I Ask an Estate Planning Attorney?
There are a lot of things that you should know when you are devising your estate plan. If you do not act in a fully informed manner, you could make mistakes that negatively impact your loved ones. When you discuss things with a licensed estate planning attorney, you can go forward in a fully informed manner. Ultimately, you can emerge from the interaction with a personalized estate plan that ideally suits your needs. In this post we will look at some questions that you may want to ask your … [Read more...] about What Questions Should I Ask an Estate Planning Attorney?
