A significant majority of senior citizens will eventually need help with their activities of daily living. Medicare will not pay for long-term care, but Medi-Cal will help with these costs. As a result, Medi-Cal planning is important for many older Californians. Just so you understand the extent of the costs that we are talking about, according to the state, the average monthly cost for nursing home care is $7,549. This is the average; in the Bay Area it is considerably higher. It is not … [Read more...] about Medi-Cal Planning: Does a Trust Protect Assets?
Caregiver Contracts (an Elder Law Today Blog)
Can I Provide for My Dog in My Estate Plan?
When you are creating an estate plan, you are naturally going to provide for the people that you love. At the same time, you may love animals as well. Can you provide for your dog in your estate plan? Let's look at the facts. Senior Citizens and Pet Ownership Since humans have much longer lifespans than dogs, younger dog owners may not be particularly concerned about predeceasing their pets. However, this can be a very real issue for elders. Dog ownership is an absolute joy for many people. … [Read more...] about Can I Provide for My Dog in My Estate Plan?
October 30 Is Create a Great Funeral Day
On Halloween, October 31, we celebrate ghosts and scary things. The spirits of the deceased are remembered on November 1 and 2, All Saints Day and All Souls Day, also known as Dia de los Muertos, the Day of the Dead celebration. A lesser-known holiday on October 30 is Create a Great Funeral Day. Before ghosts and spirits go a-haunting, there’s usually a funeral or memorial service – the party no one wants to plan. Confronting the idea of our own death causes uncomfortable thoughts. Rather than … [Read more...] about October 30 Is Create a Great Funeral Day
Gubernatorial Veto Impacts Many Medi-Cal Beneficiaries
Medi-Cal is a jointly administered federal/state government health insurance program. In the state of California, this program is called Medi-Cal. Medi-Cal is a program that is only available to people who can prove that they have significant financial need. If you have Medicare coverage as a senior citizen, you would not need Medi-Cal at first, and you probably wouldn't qualify, because the asset and income limits are very modest. For an individual, the limit on countable assets is just … [Read more...] about Gubernatorial Veto Impacts Many Medi-Cal Beneficiaries
Should I Have a Durable Power of Attorney?
Should I Have a Durable Power of Attorney? from Roy W. Litherland Powers of attorney are often used within the legal field. Learn more about durable power of attorney in california in this presentation. … [Read more...] about Should I Have a Durable Power of Attorney?
How Is Property Distributed When There Is No Last Will?
If you were to die without a last will or any other estate planning document directing the transfer of your property, you would die intestate. Exactly how property would be distributed would depend upon the ownership details. Let's look at the facts. Life Insurance Proceeds If you have life insurance policies, the beneficiaries would deal with the insurance companies after your passing. They would receive the insurance proceeds directly, even if there was no last will in place. Joint … [Read more...] about How Is Property Distributed When There Is No Last Will?
National Estate Planning Awareness Week Begins on October 20th
Far too many people are unprepared from an estate planning perspective. There are various different reasons why people fail to take the appropriate actions, and a lack of awareness may be at the top of the list. In an effort to raise awareness, the Financial Awareness Foundation worked alongside a number of lawmakers to make the third week in October National Estate Planning Awareness Week. This year the week begins on October 20th, and it will end on October 26th. During this interim there … [Read more...] about National Estate Planning Awareness Week Begins on October 20th
Free Report: Why Should I Have A Durable Power of Attorney in California
A truly comprehensive estate plan will address the eventualities that you may face during the latter portion of your life. Topics covered in this whitepaper include: Incapacity Planning California Adult Conservatorship Durable Powers of Attorney Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Why Should I Have A Durable Power of Attorney in California
Free Report: What is an Elder Care Attorney?
Elder care attorneys react to the needs of senior citizens. Many people are concerned about long-term care costs, and elder care attorneys provide solutions. Topics covered in this white paper include: Long-Term Care Costs Medicare Medi-Cal Incapacity Planning Integrative Approach Conclusion Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is an Elder Care Attorney?
