People who have not looked into the subject thoroughly sometimes have questions about Medi-Cal, Medicare, and Medi-Cal. What are they all used for, and who qualifies for what? In this post we will provide some answers. Medicare Coverage When you see deductions being taken out of your earnings, one of them is going toward Medicare. This is a federal government program that provides health care insurance to eligible senior citizens. There are various different parts of Medicare. Medicare Part A … [Read more...] about What is The Difference Between Medi-Cal and Medicare in California?
Including Life Insurance in Your Estate Plan [Infographic]
If you are like the majority of people, then you know you should include life insurance in your estate plan, but you’re probably not sure what type to include, how many policies you need, or how much to purchase. Life insurance can be an extremely beneficial and versatile addition to an estate plan. The key to incorporating life insurance into your estate plan is to gain a firm understanding of the types of polices available and then properly calculating how much you need. Click here to view a … [Read more...] about Including Life Insurance in Your Estate Plan [Infographic]
What Is Estate Planning in California?
Estate planning is something that many people do not know much about. For some reason we tend to avoid the subject of death in our society, but at the same time we all recognize it is one of the certainties of life. It is important to plan ahead for this inevitability, and you should start doing so as soon as you are a self-supporting adult. The typical estate plan is going to include a vehicle of asset transfer. A simple last will is an option here. With a last will you express your final … [Read more...] about What Is Estate Planning in California?
Durable Property Powers of Attorney (An Elder Law Today Blog)
What is a durable property power of attorney? A durable property power of attorney is a legal document where one person (the principal) authorizes another (the agent) to act on the principal’s behalf regarding financial decisions. It is an estate planning document which allows a person to plan for the care and control of property in the event he or she becomes incapacitated. Powers of attorney are the single most important documents to put in place so that a family member or trusted friend will … [Read more...] about Durable Property Powers of Attorney (An Elder Law Today Blog)
Should I Have a California Durable Power of Attorney?
California elder care attorneys are responsible for educating clients about the eventualities of aging. One issue that is important to understand is that of Alzheimer's disease. You would have to assume that just about everyone has heard of the disease, but some of the details probably will come as a surprise to many. This is not something that rarely strikes a small percentage of people. If you're interested in learning about Alzheimer's disease in a good bit of detail, a valuable resource to … [Read more...] about Should I Have a California Durable Power of Attorney?
Long-Term Care: Is Staying At Home Feasible?
When you know that you are going to have some financial responsibility in the future, such as financing the education of your children, you take action in the present to prepare for it. Unfortunately, far too many people fail to apply this logic when it comes to long-term care expenses. One of the reasons why many people do not address the matter is because they feel as though they are healthy and they won't need long-term-care. This may be the case, but if you never need any help with your … [Read more...] about Long-Term Care: Is Staying At Home Feasible?
Attention to Detail Is Key When Planning Estate
There are a plethora of details to attend to when you are planning your estate if you want to be comprehensively and effectively prepared. Simply looking for the easy way out is a recipe for disaster. Speaking of easy ways out that can yield disastrous results, you would do well to take pause before trying to construct a last will using an online tool. Experts have weighed in on the subject, and unintended consequences can result when you try to go this route. Additionally, as a layperson are … [Read more...] about Attention to Detail Is Key When Planning Estate
Three Social Security & Medicare Myths
Retirement planning is something that many people ignore until it is too late. A belief in certain myths about Social Security and Medicare is at the root of some of the procrastination and cavalier behavior. We would like to look at three of these myths here. 1.) Social Security will provide me with a solid income during my retirement years. Unfortunately the above statement is patently untrue for most people. We are all aware of the cost-of-living here in the greater San Jose and Santa … [Read more...] about Three Social Security & Medicare Myths
Two Different Types of Estate Planning Mistakes
There are various different mistakes that can be made when you are planning your estate. Some of them are errors of commission, and many of them are errors of omission. Sometimes, it's a combination of both. With this in mind, let's examine the estates of two well known celebrities. Sammy Davis, Jr. People who can remember the entertainment scene during the 1950's through the 1980's certainly recognize the name Sammy Davis, Jr. He was a member of the famed "Rat Pack" along with Dean Martin, … [Read more...] about Two Different Types of Estate Planning Mistakes
Medi-Cal Questions Answered
Medi-Cal is relied upon by many elder Californians who are residing in nursing homes. This is the federal-state administered program that is referred to as Medi-Cal in most of the states. Most people never think about Medi-Cal because they have private insurance through their employers and then they qualify for Medicare as seniors. However, Medi-Cal enters the picture because of the matter of long-term care expenses. Medicare does not pay for an extended-stay in an assisted-living community or … [Read more...] about Medi-Cal Questions Answered
