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 … [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?
Do You Have to Impoverish Yourself to Qualify for Medi-Cal?
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 … [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?
