On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Friday, November 30, 2018. When someone is named as executor of a California estate, the tasks they are faced with may be confusing and substantial. The executor, who is named in the will, must file and pay remaining taxes from the estate, handle creditors, value assets and distribute property to the named beneficiaries. Being named executor is often an honor and an expression of trust ...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Wednesday, November 28, 2018. People in California applying for Social Security disability benefits may want to do everything they can to bolster their applications. A medical source statement is a document created by a physician that helps to show an applicant's medical condition. It includes a number of factors, including the person's diagnosis and his or her capabilities and functional de...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, November 27, 2018. People sometimes delay their estate planning because they are unsure of what that entails. There typically may be confusion over what authorities the signed documents give to others.One often misunderstood document is a power of attorney (POA). Below are some common misconceptions about POAs: You just need to download a form off the internet.On the surface, this is true -- powers of attorney forms ar...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Monday, November 19, 2018. Stan Lee, the man behind many of the superheroes that entertain both kids and adults in California and around the world, passed away in November, 2018 at the age of 95. But the end of Lee's life has led to an entirely new saga involving the comic book writer, editor, and publisher's estate. Hints of possible issues came even before Lee's death. In early 2018, ...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, November 15, 2018. For many California residents, trusts can be an optimal method to achieve their estate planning goals while preserving privacy, as trusts transfer property outside the probate system. Settlors can develop a range of innovative methods to pass wealth to their beneficiaries. However, when creating a trust, it can be important to select the right fiduciary. The t...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Tuesday, November 13, 2018. Many Americans living in California apply for Social Security disability when they become unable to work. There are several stages of the application process. Most applications are approved after a hearing with an administrative law judge, but some are approved right away without a hearing.Approximately 30 percent of disability applicants are approved after their ...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Tuesday, November 6, 2018. Many people in California consider how they can best protect their assets now and provide for their families in the future. Trusts provide important mechanisms not only to pass on wealth between generations without relying on the probate system but also to realize significant tax savings during a person's life. Therefore, many people wish to create trusts to pro...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Monday, November 5, 2018. Wealthy people in California may want to ensure that they can pass on significant assets to their children or other loved ones. However, many people may not want to disclose their plans early on, especially if they have many years left to live and want to benefit from tax as well as estate planning. In addition, their children may be quite young, and parents may ...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Friday, November 2, 2018. California residents who are seeking disability benefits from the Social Security Administration are not required to have medical records on hand to file or qualify for disability. However, to make a determination about an applicant's benefits, disability examiners will need to have medical history treatment notes. For those who don't have the financial resources to...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Friday, November 2, 2018. Parents in California may have an interest in establishing a legacy for themselves long after they depart this world. One way to do that is to ensure that their children have the money needed for a quality education. This goal may be accomplished by using a trust or by investing in a 529 plan. Before creating a trust, it is important for a parent to know what his...
