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?
What Is a Capital Gains Tax?
There can be taxes that come into play when you are planning your estate. You should know the facts so that there are no misconceptions. In this post we will look at these taxes, with an emphasis on the capital gains tax. Federal Transfer Taxes The tax man does not want you to be able to transfer large sums of money free of taxation. To prevent this, there is a federal estate tax, and there is a federal gift tax. These two taxes are unified under the tax code. You can transfer a certain … [Read more...] about What Is a Capital Gains Tax?
Will Medicare Pay for All of My Medical Expenses?
Retirement planning involves a careful assessment of the expenses that you may face during your senior years. As you are making plans for the future, you should have a thorough understanding of what you can expect from the Medicare program. Let's look at some of the details. Medicare Eligibility To qualify for Medicare, you earn retirement credits. As you work and earn income, you pay taxes, and some of what you pay goes toward future Medicare coverage. The requirements are actually quite … [Read more...] about Will Medicare Pay for All of My Medical Expenses?
What Is a Third Party Special Needs Trust?
You should know all the facts when you are planning your estate. There are notions floated on the Internet about the effectiveness of do-it-yourself estate planning. The suggestion is that anyone can plan his or her estate without professional guidance. In fact, you could make mistakes that yield unintended consequences if you make assumptions and go it alone. With this in mind, we will look at third party special needs trusts in this post. Unique Individuals Each person on your … [Read more...] about What Is a Third Party Special Needs Trust?
Is DIY Estate Planning Effective?
The process of estate planning involves the execution of legally binding documents. It is possible to purchase generic, template documents online. There are companies that sell last wills and other estate planning documents. Is DIY estate planning effective? Let's look at the facts. Choosing the Right Documents When you think about estate planning, you may assume that you should use a last will to state your final wishes regarding the distribution of your assets. It is possible that a last … [Read more...] about Is DIY Estate Planning Effective?
