More than one estate has boiled down to a fight over tangible personal property. Sometimes even if it lacks monetary value, it holds tremendous emotional significance for the beneficiaries. Maybe they remember Mom wearing a string of fake pearls or the no-name watch that Dad wore with pride. Things become more heated; however, when tangible personal property has value. Passing it on to beneficiaries requires a plan both during life and after death. Read on to learn more. … [Read more...] about The Purple Onion…an ode to Tangible Personal Property
UNLOCK YOUR WEALTH POTENTIAL – Learning the Vital Elements of Financial Literacy
Americans have long insisted that all citizens learn basic literacy skills — reading, writing, and arithmetic. But only half of the states require students to learn financial literacy skills, which can be almost as important for a secure, productive life. As we observe Financial Literacy Month in April, it is worth noting that more than 1 in 3 Americans are still not financially literate — that is, they are unable to understand and apply basic financial concepts. These include calculating how … [Read more...] about UNLOCK YOUR WEALTH POTENTIAL – Learning the Vital Elements of Financial Literacy
Attorney Justin M. Kennedy Selected as 2024 Super Lawyer
We are proud to announce that Attorney Justin M. Kennedy has been selected to the 2024 California Super Lawyers list. Each year, no more than five percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections include a statewide … [Read more...] about Attorney Justin M. Kennedy Selected as 2024 Super Lawyer
Long Term Care Costs and Medi-Cal Planning in 2024 (VIDEO)
In this Vlog, Attorney Justin M. Kennedy discusses updates in the California Medi-Cal rules in 2024 and how those changes impact Medi-Cal Planning to pay for long-term care. Transcript: Hello, I'm attorney Justin M. Kennedy with Litherland, Kennedy and Associates, a California estate planning and elder care law firm. Beginning January 1, 2024, Medi-Cal eligibility has removed the asset test for people over 65 years of age or are disabled (according to the state) or are blind. This … [Read more...] about Long Term Care Costs and Medi-Cal Planning in 2024 (VIDEO)
Estate Planning 101: Navigating Your Future With Confidence
Estate planning, a crucial aspect of financial management, involves preparing for management of your assets should you become incapacitated and the transfer of assets after death. It is a process that ensures your hard-earned assets are overseen when you are unable to do so and distributed according to your wishes, potentially reducing legal complications, and minimizing taxes for your beneficiaries. The Importance of Estate Planning No matter the size of your estate, planning is essential. It … [Read more...] about Estate Planning 101: Navigating Your Future With Confidence
Estate Planning and the Rule of Three (VIDEO)
In this vlog, estate planning and elder care attorney Justin M. Kennedy discusses Estate Planning and the Rule of Three. To learn more about the importance of comprehensive estate planning and applying the rule of three to your plan, attend one of our free living trust seminars by clicking here. … [Read more...] about Estate Planning and the Rule of Three (VIDEO)
Sidestep Probate and Reap Additional Living Trust Benefits
Estate planning is essential for securing your legacy and providing for your loved ones. One crucial aspect is understanding the drawbacks of probate and how a revocable living trust can offer a comprehensive solution for many people. This blog will explore the negatives of probate and elaborate on the multiple benefits of a revocable living trust. The Drawbacks of Probate Probate can be a lengthy process, taking months to years. This delay in asset distribution can be burdensome for … [Read more...] about Sidestep Probate and Reap Additional Living Trust Benefits
There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
Matthew Perry died at the end of 2023. While it seems unlikely that Matthew’s estate will end up embroiled in a court battle as we see with other celebrity estates, that doesn’t mean that we can’t learn anything from his death and Estate Plan. Read on to learn more. … [Read more...] about There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
Hobbies are Part of a Balanced Life – Invest in Your Well-Being
Blog Author: Wendy Harshbarger, Director of Marketing and Client Relations As January unfolds, it brings with it not only the promise of a new year but also the opportunity to celebrate the interests that make us unique. January is National Hobby Month. This month-long celebration invites us to explore, engage, and embrace the hobbies that make life more colorful and fulfilling. Engaging in a hobby is not just a pastime; it's a gateway to a multitude of benefits that positively impact both … [Read more...] about Hobbies are Part of a Balanced Life – Invest in Your Well-Being
Estate Planning Lessons from the Movies – Part II
It’s rare that a movie centers on an archaic estate planning issue, but that’s exactly what Martin Scorsese’s latest film does. While the movie received critical acclaim, it contained a surprising plot centered on real-life Estate Planning issues and the lengths to which certain individuals went to steal from the Osage Indian Tribe. This second in the series explores the real-life application of Estate Planning in the movies. Read on to learn more. … [Read more...] about Estate Planning Lessons from the Movies – Part II
