When you have been procrastinating about a responsibility because you are reluctant to engage professional assistance, you may decide to go it alone. Without question, there are many things that you can do for yourself if you put in the time and effort. At the same time, in some cases, the potential negatives outweigh the positives. With this in mind, we will look at do-it-yourself estate planning in this blog post. Downloads and Worksheets There are websites on the Internet that sell generic … [Read more...] about Can I Just Download Estate Planning Documents Off the Internet?
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?
What Qualities Should I Look for in an Executor?
When you think about the process of estate planning, the execution of documents will probably come to mind. This is a large part of the endeavor to be sure, but someone must follow the instructions that you leave behind in these documents. If you use a last will as your primary vehicle of asset transfer, this person will be the executor. Choosing the Right Executor Your first impulse may be to name someone who is especially close to you as the executor of your estate. This could be the right … [Read more...] about What Qualities Should I Look for in an Executor?
Elder Care FAQS: How Common is Alzheimer’s Disease?
Can I Take Back Assets in Medi-cal Trust?
Can I Take Back Assets in Medi-cal Trust? from Roy W. Litherland As a result, many seniors who were never financially needy seek Medi-Cal eligibility. Learn more about Assets in Medi-cal Trust in this presentation. … [Read more...] about Can I Take Back Assets in Medi-cal Trust?
What Is a Limited Liability Company?
If you are a business owner, your business or professional practice may be inherently exposed to potential legal actions, even if you take precautions. A limited liability company is a legal structure that can provide personal asset protection. With a limited liability company, you receive the benefit of flow-through taxation. This allows you to continue to claim your business profits and losses on your personal income tax return. If someone was to institute a legal action against the limited … [Read more...] about What Is a Limited Liability Company?
What Are the Formal Requirements for a Valid Last Will?
The last will or last will and testament is an estate planning document that most people have heard about. In the past, the last will was used to transfer real property, and the testament was a document that was utilized to transfer personal property. These days, the last will is typically used to transfer both types of property. Before we look at the formal requirements for a valid last will, we should point out the fact that you have other asset transfer options when you are planning your … [Read more...] about What Are the Formal Requirements for a Valid Last Will?
Geriatric Care Services in Campbell California
Geriatric Care Services in Campbell California from Roy W. Litherland We distill our approach to geriatric care management into three clearly defined segments. Learn more about Geriatric Care Services in Campbell California in this presentation. … [Read more...] about Geriatric Care Services in Campbell California
Can I Give Gifts to Avoid the Estate Tax?
You have to understand the potential impact of the federal estate tax when you are devising your estate plan. This tax is relevant if you have attained a significant level of financial success, but you could be exposed even if you to not consider yourself to be extraordinarily wealthy. When you are inventorying your assets to determine your level of exposure, you have to understand the fact that your real property counts. Your primary residence, your vacation home, and any investment property … [Read more...] about Can I Give Gifts to Avoid the Estate Tax?
What Is a First Party Special Needs Trust?
People with disabilities often rely on Medi-Cal for health insurance, and Supplemental Security Income can provide a minimal source of monthly income. A special needs trust is a type of legal device that can be used to provide support for a person with a disability who is enrolled in these government benefit programs. Special needs trusts are used because Medi-Cal and Supplemental Security Income are only available to people who can prove that they have significant financial need. Individuals … [Read more...] about What Is a First Party Special Needs Trust?
