On behalf of The Elder and Disability Law Firm, APC posted in blog on Friday, March 30, 2018. -Are you interested in buying long-term care insurance? Do you have some concerns about your ability to make the right purchase? Has this held you back from taking action?There are many things to think about when buying long-term care insurance, so you don't want to get too far ahead of yourself. One of the biggest mistakes you can make is assuming that every policy and company offers the ...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, March 29, 2018. The changes to estate tax law that took place as part of the Tax Cuts and Jobs Act of 2017 have sparked discussion in California and across the country regarding their potential impact on charitable giving as part of estate planning. Over the years, bequests to charities included in a will have been exempt from federal estate taxes, making them particularly appea...
On behalf of The Elder and Disability Law Firm, APC posted in blog on Wednesday, March 28, 2018. As you age, it goes without saying that your financial goals will change. For example, once you reach your 50s, you'll probably begin to think about retirement.While retirement can be one of the best times of your life, remember this: You'll likely want to have a solid state plan in place. You want to make sure you have a plan that protects both you and your family (now and in the futur...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Friday, March 23, 2018. Many California residents realize the importance of having an estate plan. What they may not understand, however, is that estate planning isn't a one-time event. Unfortunately, even a carefully crafted estate plan can eventually become useless if the planner does not make necessary revisions after circumstances change. In many cases, people tailor their estate plan...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Monday, March 19, 2018. If a California resident has his or her social security disability (SSD) benefit claim denied, it may be possible for him or her to appeal that decision. An applicant has 60 days to appeal the decision plus five days for mailing it in. However, there are valid reasons why an appeal may be sent in after that deadline passes. For instance, it may be acceptable to do so ...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Thursday, March 15, 2018. A major goal for many California estate holders is to prevent probate issues after their passing. However, when issues arise with a will after a person's death, the primary way to resolve the dispute is by filing a probate claim. Once the estate of the deceased individual has been entered into probate, a person making a claim can file a statement with the court...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Wednesday, March 14, 2018. California residents who are applying for Social Security Disability benefits have two main criteria to meet to obtain them. First, they must have the proper insured status. This means that they have worked a sufficient number of hours prior to applying. Second, they must have been unable to obtain gainful employment because of a physical or mental condition over t...
On behalf of The Elder and Disability Law Firm, APC posted in blog on Wednesday, March 7, 2018. When you create an estate plan, you need to consider the end of your life. Some aspects of the estate plan actually come into the picture before you pass away. You should think carefully about how decisions on your behalf will be made before you pass away. These include your finances and medical care. Fortunately, you can act now to set up a plan for when you are unable to make decisions...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Wednesday, March 7, 2018. When creating an estate plan, California residents can often save time and money by avoiding the probate process. While many states have streamlined their probate processes, probating a will can still be disruptive to the distribution of an estate. Another disadvantage of the probate system is that the court records are public.Many types of property automatical...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Monday, March 5, 2018. California residents with estate plans that include a revocable living trust may not be using the legal tool to its full advantage. This could result in a waste of the legal fees paid to create the trust and heirs not being able to reap the benefits of the trust as they should.For a standard living trust, individuals and their spouse will move the titles to the majo...
