The California Legislature, late in 2017, enacted the Building Homes and Jobs Act. The stated purpose of this law is to establish permanent and ongoing source of funding for affordable housing developments. Part of the law that affects those doing estate planning is a $75 recording fee that must “be paid at the time of recording of every real estate…
Reverse mortgages can be very useful for certain clients in that they allow homeowners to tap into their home equity without selling their home even if they don’t have the income to qualify for refinancing. For clients who may be interested in applying for Medi-Cal to assist with nursing home expenses it is important to understand how a reverse mortgage…
Debbie was furious. “Darn Medi-Cal. First, they put Mom through the ringer to qualify for benefits, and then after she dies, they try to recover the money they gave her. How is that even fair? Mom had so little as it is. My God, all she left me and Cyndy was $500 and her house. They probably want that, too.”…
When Oliver died, at the ripe old age of 96, he left behind eight lineal descendants or heirs—three sons and five grandchildren. All of them believed that they would inherit from Oliver. He had told them about his Living Trust and promised each and every one of them that they would be “well taken care of.” Upon Oliver’s death, however,…
Jenna and Mark Livingston were living the life of Reilly. At age 30, they had thriving careers—Jenna as an attorney, Mark as a pediatrician—and three children, aged five months, two, and four. Together, they lived in a four-bedroom home in an exclusive neighborhood with their dog, Pepper. Five months after the birth of their third child, Mark decided Jenna required…
After years of marital discord, John and Angie Wakefield finally decided to call it quits. John filed for divorce in California on the grounds of irreconcilable differences, asking for a fair and equitable division of community property, retention of all separate property, and shared custody of their two children. In her response, Angie not only requested child support, she sought…