Divorce, remarriage, and blending families are treacherous enough waters to navigate, let alone wondering if all sides of your family will get along when you die. Those are all critical junctures to update your estate plan, whether it be a trust, a will, power of attorney, health care directive, or just beneficiary designations. If all aspects of your estate plan…
Estate planning is usually viewed as a sea of paperwork that, once completed, sits on a shelf to collect dust. You have peace of mind that it is complete and that your family will now be harmonious upon your death because they have a well-thought-out plan to follow when executing your last wishes. However, the big issues that tend to…
Mary set her phone down on the table and frowned. Her husband, Herb, studied her. “What’s wrong?” “I don’t think we can bring Mom home for Christmas. The nursing home said if we remove her from the premises, we have to pay a fee to hold her bed. Otherwise, they can give the bed away to someone else.” “What? That…
It starts out innocently enough, you bank with Chase, but your new mortgage is through Bank of America, and they offer you a half a percent discount on your mortgage if you open a new account with them. Then a local credit union offers a great rate on a car loan, so you open an account with them and become…
There are many issues that need to be addressed fairly quickly after someone passes away. The decedent’s body is usually the first issue that needs to be addressed. The immediate question when someone passes away is: Are they an organ donor? And if the answer is yes, then the follow up questions are: Donating what organs? To whom? And for…
Experts say more than 6.5 million seniors suffer from depression. While the illness is not uncommon at any age, seniors tend to face a variety of special challenges, including retirement, illness, loss of a spouse or significant other, and the prospect of being forced out of their homes due to illness or disability. When left undiagnosed or untreated, the depression…
After you retire, you may no longer wish to reside in California, instead opting for what may be considered a more “senior-friendly” environment. Where you move could have a significant impact on your estate plan. Therefore, it is important to consider the tax consequences of moving to a new state. If you choose to relocate to a western state—Arizona, Nevada,…
When applying for Medi-Cal assistance for long-term care in a skilled nursing facility, our clients must disclose any transfers made in the prior 30 months to another person for less than fair market value. Because Medi-Cal is a program meant to help people with limited resources, Medi-Cal will presume that such transfers are made for the purpose of reducing resources…
Mary slammed the cordless phone onto the receiver. Her husband, Tom, peered at her over the top of his newspaper, his eyebrows cocked in concern. “Now what was that about?” he asked. “That was Beth Willis. She says we can’t use Dad’s long-term care insurance for his home health care because he doesn’t meet the criteria of the policy.” Tom…