People have questions about Medi-Cal when they find out that Medicare will not pay for nursing home care. Medi-Cal is California's version of the Medi-Cal program that is offered nationally, and it does pay for custodial care. Because Medi-Cal is a program that is only available to people who have limited financial resources, people sometimes assume that they must impoverish themselves to qualify. This is a characterization that is not entirely accurate. Countable Assets The Medi-Cal limit on … [Read more...] about Do You Have to Impoverish Yourself to Qualify for Medi-Cal?
Free Report: What Questions Should I Ask a California Elder Care Attorney?
When you start to get older, you invariably begin to think about things that never crossed your mind previously. Retirement can seem like a world away, but eventually, it starts to peek its head over the horizon. Topics covered in this report include: Will Medicare cover all of my medical expenses? Do a lot of people need living assistance eventually? Is long-term care expensive? Are there any solutions? Is there any way that someone with resources can qualify? Can I just hold … [Read more...] about Free Report: What Questions Should I Ask a California Elder Care Attorney?
Budget Proposal for 2016 Would Reduce Estate Tax Exclusion
The federal estate tax is controversial, and there are those who would say that it is unfair, because it is an instance of double taxation. You pay taxes all of your life, and your estate is comprised of whatever you have left after paying these taxes. Why should the event of your death be a taxable one? Though this may be a good question, the estate tax does not get all that much attention, because most people are not exposed to it. However, if your estate was subject to the estate tax and its … [Read more...] about Budget Proposal for 2016 Would Reduce Estate Tax Exclusion
Do I Need a Lawyer to Draw Up a Last Will?
Now that we are firmly embedded in the digital age, a do-it-yourself mindset has developed. People often search the Internet to find out how to do things, and you can tackle many different types of tasks on your own. However, the key is to know where you should draw the line. There are websites on the Internet that will sell you boilerplate, template legal documents, including last wills. Do you really need a lawyer to draw up a last will when you can download a worksheet off the Internet and … [Read more...] about Do I Need a Lawyer to Draw Up a Last Will?
Sundown Syndrome: How to Help (an Elder Law Today blog)
Sundown Syndrome: How to Help by: Lois G. Tager, M. Ed., CSA Director of Geriatric Care Management, Litherland, Kennedy & Associates, APC, Attorneys at Law Sundown Syndrome, sometimes referred to as sundowning or sunsetting, describes the onset of behaviors such as agitation, confusion and irritability. These behaviors are often found in people who have cognitive losses or Alzheimer’s disease; although some research suggests that they can also be found in seniors simply because of age-related … [Read more...] about Sundown Syndrome: How to Help (an Elder Law Today blog)
Retirement Planning FAQs: Can I Work When I’m On Social Security?
How Do Elder Care Attorneys Charge?
If you are one of the many baby boomers approaching retirement age, you may want to sit down and discuss things with a licensed elder care attorney. These attorneys focus on the issues of our day that are particularly relevant to senior citizens. When you do not know all of the facts, it may seem as though a basic foundation will be waiting for you when you reach the age of retirement. Social Security will provide a source of ongoing income, and Medicare will cover all of your health care … [Read more...] about How Do Elder Care Attorneys Charge?
How Much Does Probate Cost in Campbell California?
How Much Does Probate Cost in Campbell California? from Roy W. Litherland It is possible to facilitate asset transfers outside of probate to avoid these expenses. Learn more about probate cost in campbell califonia in this presentation. … [Read more...] about How Much Does Probate Cost in Campbell California?
What Is a Step-Up in Basis?
When you inherit assets, you may have questions about the tax implications. We can provide some good news right off the bat: You do not have to report an inheritance as income for income tax purposes. There is also the capital gains tax to take into consideration. This tax can be levied when appreciated assets are liquidated. For tax purposes, there are long-term capital gains, and short-term capital gains, and these two different types of gains are taxed at different rates. The short-term … [Read more...] about What Is a Step-Up in Basis?
Are There Different Types of Special Needs Trusts?
Special needs trusts can be very useful if you have a loved one with a disability who is relying upon government benefit programs like Medi-Cal and Supplemental Security Income. Medi-Cal is California's version of the Medi-Cal program. This program provides health insurance for people who can meet the eligibility requirements. These requirements are stringent, because Medi-Cal is a need-based program. It is intended for people who have little to no financial resources. If you have a … [Read more...] about Are There Different Types of Special Needs Trusts?
