What is the Marital Estate Tax Deduction in Campbell California from Roy W. Litherland The estate tax exclusion is the amount that you can transfer tax-free to people other than your spouse. Learn more about The Marital Estate Tax Deduction in Campbell California in this presentation. … [Read more...] about What is the Marital Estate Tax Deduction in Campbell California
Register for Our First 2015 Medi-Cal Planning Workshop
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 First 2015 Medi-Cal Planning Workshop
What Benefits Do Trusts Provide?
If you are interested in learning about the estate planning benefits of trusts, you should be aware of the fact that there are different types of trusts, and they serve varying purposes. First, we will look at the value of revocable living trusts, because they are useful for a wide range of people. Efficient Asset Transfers People often assume that you can facilitate fast and efficient asset transfers if you use a last will, because it seems like a simple estate planning tool. In reality, … [Read more...] about What Benefits Do Trusts Provide?
Does the State Take My Assets If I Apply for the Medi-Cal Program?
Medi-Cal is California's version of the Medi-Cal program that provides health care insurance for people with very limited financial resources. If you are going to qualify for Medicare when you reach the age of 65, and you will be retiring with a reasonable store of assets, you may feel as though the Medi-Cal program is not relevant to you. In reality, the Medi-Cal program is relied upon by a very significant percentage of seniors, because Medicare will not pay for long-term care. Long-term care … [Read more...] about Does the State Take My Assets If I Apply for the Medi-Cal Program?
When Will I Receive Social Security?
There is a lot to take into consideration if you are preparing for your retirement years. You should understand what to expect from government benefits, and what you cannot expect. With this in mind, we will look at Social Security in this post. Qualifying for Social Security When you are working and paying taxes, you invariably see that FICA is consuming a significant portion of your pay. The good news is that you are paying into the Social Security program when you pay these taxes. You get … [Read more...] about When Will I Receive Social Security?
How Do You Fund a Living Trust?
If you take the right steps, you can secure your own financial future as you simultaneously craft a suitable legacy to leave behind to your loved ones. There are various different legal devices that you can use to facilitate future asset transfers. One of them is the revocable living trust, and these trusts are very useful for a wide range of people. Value of Revocable Living Trusts Efficiency is an important factor to consider any time you are trying to make a decision. Revocable living … [Read more...] about How Do You Fund a Living Trust?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
Is Probate Always Necessary?
Is Probate Always Necessary? from Roy W. Litherland When an estate passes through probate, the court supervises its administration. Learn more about probate in campbell california in this presentation. … [Read more...] about Is Probate Always Necessary?
Is There a National Organization of Elder Care Attorneys?
Elder care is a particularly important area of specialization at the present time, because an unprecedented number of Americans are attaining senior citizen status. The baby boomer generation is reaching the age of retirement, and this is having a big impact. Elder law or elder care attorneys help people who are concerned about the eventualities of aging. You should certainly discuss everything with a licensed attorney if you want to be optimally prepared for the future. There are a number of … [Read more...] about Is There a National Organization of Elder Care Attorneys?
What Is the Uniform Probate Code?
Back in the 1960s, forces within the legal establishment determined that the process of probate should be simplified and streamlined. Each state was using a different probate code, and interested parties wanted to see uniformity among the states. In 1964, the National Conference of Commissioners on Uniform State Laws worked in conjunction with the American Bar Association to draft a Uniform Probate Code. It took them quite a bit of time to put the code together, but the final version was … [Read more...] about What Is the Uniform Probate Code?
