Retirement accounts are treated differently than other assets when it comes to estate planning and distribution upon one’s death. Real property, cars, art collections, investments, and other assets normally will have to be probated if the primary owner dies unless that person established a living trust.
When a loved one passes away in California, a lot of questions tend to arise. What happens with their property? How will the funeral arrangements go? How to cope with the death? One question that can be overwhelming is what will happen with their debts.
While you might not find it pleasant to think about, end-of-life care is an important subject to consider while making an advanced care plan. Enlisting the help of an attorney can expedite the process and start you on the path to peace of mind.
Medi-Cal Recovery is a process that the state of California can initiate after the death of a Medi-Cal recipient. It's a way for the state to seek repayment for certain services the recipient received and were paid for by Medi-Cal.
Creating a trust is a great way to manage and protect your assets. It allows you to transfer ownership of your property to a trustee, who will then manage it on behalf of the beneficiaries named in the trust.
When a person dies intestate, the distribution of their assets is managed by state laws rather than personal wishes. These statutes dictate who inherits your property, often prioritizing spouses, children, and other close relatives. This can lead to unintended outcomes, such as estrangement between family members or heirs receiving assets that you would not have chosen to inherit.
Besides money and assets, you have something equally—if not more—important to pass on to your loved ones: your values, beliefs, and wisdom. That’s where an ethical will comes in handy.
With marriage rates declining, an ever-increasing number of couples choose to stay in a committed relationship with their significant other without tying the knot.
At The Elder & Disability Law Firm, APC, our team is dedicated to guiding you through the intricacies of safeguarding your online presence and ensuring that your wishes are clearly articulated and legally sound. Our goal is to empower you with the knowledge and resources necessary to protect your legacy in today's digital age. With our support, you can have peace of mind knowing that your digital assets will be managed according to your desires.
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Friday, January 26, 2018. California residents who have medical conditions that prevent them from working might be entitled to Social Security Disability or Supplemental Security Income. But for many people, the first application for benefits is denied. Being denied does not mean there is no chance for receiving benefits. A denied application can be appealed or people can reapply, even if th...
