On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Friday, October 20, 2017. Many LGBTQ Californians believe in spending for today instead of saving for tomorrow. Unfortunately, this approach may make it much more difficult when they grow older. If people need long-term care at some point in their lives, their partners may have trouble being able to pay for it.When people need nursing home care, they will often go into a spend-down period until...
On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Saturday, October 14, 2017. In a survey conducted by a trade association, 65 percent of those who responded said they thought most people should have disability insurance. Only 48 percent thought they themselves needed it, though, and only 20 percent actually had it. California residents might do well to incorporate a long-term disability insurance policy as part of a comprehensive long term ca...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Friday, October 13, 2017. California residents who are considering how their estates will be managed if they become incapacitated might want to execute a power of attorney. An individual, called the principal, creates this document to designate a trusted party, called the agent, to attend to financial matters if illness or injury prevents the principal from performing the duties. An ind...
On behalf of The Elder and Disability Law Firm, APC posted in veterans' benefits on Saturday, October 7, 2017. California veterans and their spouses may have unique estate planning considerations. This is particularly true if they have children, who themselves may be entitled to certain benefits based on a parent's military service.The issue of veterans' benefits can be complex, but there are ways of helping to ensure that descendants are provided for after a veteran dies. Part of ...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Friday, October 6, 2017. Millions of people receive Social Security disability benefits. These benefits are given to those who are unable to work because of a medical condition that may result in death or last for at least a year. Family members of a disabled worker may also collect benefits. For California residents who receive them, it may be worth looking into whether or not they can swit...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, October 5, 2017. The use of a trust may make it easier for California residents to exercise control over their assets. The use of a marital trust may be appropriate when an individual has children from previous marriages. The use of a bypass trust may ideal for those looking to maximize their lifetime estate tax exemption. Individuals who are looking to donate to charity may als...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Wednesday, October 4, 2017. California residents who are named as executors of estates will have multiple duties to perform. They should take the time that they need to make certain that they appropriately administer the estates for which they are responsible. If they make errors, they may be personally liable to the beneficiaries.Estate executors are responsible for making the burial a...
On behalf of The Elder and Disability Law Firm, APC posted in blog on Tuesday, October 3, 2017. When it comes to estate planning, you'll always have something of importance on your mind. The key to success is to create a plan that gives you peace of mind.It goes without saying that you want to avoid any and every estate planning mistake. These often include, but are not limited to the following: Neglecting to create an estate plan. This is the biggest mistake you can make, and also...
On behalf of The Elder and Disability Law Firm, APC posted in blog on Monday, October 2, 2017. When it comes to matters of estate planning, it goes without saying that you have your own questions and concerns. It's important that you deal with these in a fast and efficient manner.Conversely, you may also find yourself in position to help your parents with their estate planning needs. While some parents are receptive to assistance, others may not need nearly as much help (if any) fr...
On behalf of The Elder and Disability Law Firm, APC posted in veterans' benefits on Friday, September 29, 2017. Spouses can receive the maximum benefits. If you are a wartime veteran, it is important that you understand the different benefits that may be available to you.It is possible for you to apply for a variety of different benefits about which you might be unaware. As a wartime veteran, you may be eligible for benefits to pay for long-term care, assisted living, home care, nu...
