The last thing grieving family members want to think about is money. Making preparations with your finances should be at the top of that list to help relieve your loved ones of any added stress when the time comes. But, you might think, what’s the big deal? It’s just an account that holds my money. That may be true, but…
Estate planning is not just for seniors. Ideally, as soon as you turn eighteen you should have some version of an estate plan because your parents are no longer automatically able to make decisions or act on your behalf. There are several reasons to create a power of attorney for finances once you turn eighteen. For example, the military helps…
Natalie scrunched up the letter in her hand and tossed it into the trash. “Thanks for nothing, Uncle Fred.” Her husband, John, frowned. “Bad news?” Natalie shrugged. “Remember when Uncle Fred said he was going to pay the college tuition for all his nieces and nephews?” “Sure, we figured that into our financial plan. It will be a big help.”…
Are you a health care worker, or do you have a loved one who is? Then this episode is for you. Health care workers are very special, and we all owe them our gratitude for the work they do, but it’s important, especially now, that they do not allow their instinct to help others get in the way of…
Our clients understand the importance of estate planning. In this time of COVID-19, many people are also feeling a sense of urgency. It is important to remember, though, that the plan is only the beginning. A surprising number of our clients discover, after the death of a family member, that an asset that should have been transferred to the trust…
Betsy slowly lowered herself into a kitchen chair and buried her head in her hands. Since her husband, Bill, had died three days ago, she had been swept up in a whirlwind of activity. Between planning a funeral, notifying relatives, and nonstop condolence calls, she hadn’t had any time to grieve, much less think. Her gaze swept the room and…
Eligibility requirements relating to assets This is another installment in our series on Medi-Cal planning. We have been discussing Medi-Cal eligibility from the standpoint of income. In this blog post we will discuss eligibility requirements relating to assets. In analyzing our client’s situation we have to consider assets. If the client’s assets are of a value greater than what Medi-Cal…
There’s a reason why more and more funeral organizations are offering green burials. The byproducts of a traditional funeral and interment are becoming a significant environmental problem. According to the Green Burial Council, each year, traditional burials in America put the following in the ground: 20 million feet of wood 17,000 tons of copper and bronze 6 million tons of…