On behalf of The Elder and Disability Law Firm, APC on Tuesday, December 17, 2013. The singer and composer Ray Charles passed away back in 2004 at the age of 73. According to a CNN news piece, before he died he made an arrangement with his 12 children, leaving each of them a $500,000 trust fund. What he asked them to do for him in return was to agree never to attempt to obtain anything beyond this from his estate after he passed away.Now it has turned out that seven of the 12 child...
On behalf of The Elder and Disability Law Firm, APC on Thursday, December 12, 2013. A lot of people are kind of shocked when they hear about the details surrounding the gift and the estate taxes. After all, we all pay income tax every year so we are well aware of this annual ritual, and we see sales tax tacked onto all of our purchases so this comes as no surprise.But these taxes on asset transfers are not something that you are faced with every day or every year so you may not kno...
On behalf of The Elder and Disability Law Firm, APC on Friday, December 6, 2013. Imagine going Christmas shopping for all of your family members. You are not going to buy one-size-fits-all clothing and shoes in some type of generic style for everyone on your list. Your family is unique, and each person on your list is going to were a different size and have different tastes.The same thing is true of estate planning. Depending on the dynamic of your family and the exact nature of yo...
On behalf of The Elder and Disability Law Firm, APC on Monday, December 2, 2013. Many individuals equate estate planning to drawing up a last will to direct the transfer of their assets to their loved ones someday. Indeed, you can go this route but it is not always going to be the best choice. You have options, and you should explore them because the best way to arrange for the transfer of resources varies on a case-by-case basis.Your unique personal situation is going to have a lo...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, November 26, 2013. There are individuals who view estate planning as something that is only applicable to elder Americans. After all they reason, dying is for old people. They think they will have plenty of time to worry about things such as this when their hair turns gray and they are swaying in rocking chairs on the front porch.This is one way to go about things, but if you look at the statistics you know that people...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, November 20, 2013. When you first enter into a small business, you are well aware of the fact that a high percentage of start ups wind up failing.As a result, your first objective is going to be to work tirelessly to make your business start turning a profit as soon as possible. It is likely that asking yourself how you are going to exit the business someday is among the furthest things from your mind when you first ...
On behalf of The Elder and Disability Law Firm, APC on Friday, November 15, 2013. Medicaid is a program that is funded by both the federal government and the states, and the details of how the program is implemented vary on a state-by-state basis. It should be noted that in California the program is called "Medi-Cal."Theoretically Medi-Cal is intended to provide people with financial need who are not insured access to health care. It comes into play in the field of elder law as a w...
On behalf of The Elder and Disability Law Firm, APC on Monday, November 11, 2013. One thing to keep in mind when you consider the subject of estate planning is the fact that circumstances are constantly changing. So when you initially devise an estate plan with the assistance of a licensed Redlands CA estate planning lawyer you should be mindful of the fact that revisions may be required.Sometimes the updates become appropriate because of events that may take place within your own ...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, November 5, 2013. Putting away money with retirement in mind is something that you should begin doing as soon as possible. If you are diligent about creating a retirement plan and sticking to it you should be able to accumulate the necessary financial resources over time.One way to go about it is to contribute into the 401(k) plan that is offered at your place of employment. With a 401(k) retirement account your contri...
On behalf of The Elder and Disability Law Firm, APC on Friday, October 25, 2013. Developing a good relationship with a licensed, experienced Redlands estate planning lawyer is very important so that you can be certain that the information that you are working with is correct and current.With this in mind, tax laws that could have a significant impact on future generations of your family are always changing. So, if you just believe anything that you hear or read you may be buying in...
