Probate law is a legal process that no one ever wants to deal with. When someone who has a valid will passes away an administrative process goes into effect which determines how the individual’s property and belongings (termed their estate) will be handled. The process of this is great to know as both the person… Continue reading Probate Law 101
The Special Needs Trust (also known as a Supplemental Needs Trust) or “SNT” is a special kind of trust that allows assets to be held for the benefit of a disabled or special needs child or adult, without making the beneficiary ineligible for government benefits. Why you need an SNT if you die intestate If… Continue reading Special Needs Trusts Can Protect Those Most Vulnerable
Governments at all levels are making applying for benefits of every kind more accessible and easier than ever before. In many cases, this ease is helpful to those needing benefits. However, governments typically don’t inform applicants of the dangers of applying incorrectly. Following are examples of how poor timing in particular circumstances can be disastrous… Continue reading VA and Medicaid Benefit Application Disasters
“Can I Afford Effective Estate Planning?” That’s Really Not the Right Question. What you should be asking yourself is: “Can I Afford Not to Do It?” You may be asking yourself whether you can really afford to do the effective estate planning that you know needs to be done. That’s not the question to ask.… Continue reading Can You Afford Effective Estate Planning?
Almost all homes, as well as other assets, owned by spouses in California are held in joint tenancy. Joint tenancy is a form of ownership where everyone on title owns 100% of the subject property. Generally speaking, as people die, the “last man standing” is the individual who will own the asset outright. Because nothing… Continue reading Joint Tenancy in California: What Could Possibly Go Wrong?
I think of myself as a very optimistic person, so I wasn’t too surprised with the 2012 survey conducted by The National Council on Aging, United Health Care and USA Today, stated overall baby boomers are optimistic about their health and the future. However, when I started delving into the article a little deeper, I… Continue reading 3 Crucial Steps to Prepare for Future Elder Care
Everybody is worried about cyber attacks, identity theft, and hackers when it comes to their personal finances. Many senior citizens are so afraid that they will not do online banking, and they don’t even want to file their tax returns over the Internet. The IRS prefers online filing because they would rather have everything in… Continue reading Laws Protecting Elder Financial Fraud Must Come With Stiff Penalties To Do Any Good
What is a fiduciary? The word fiduciary comes from the Latin fiduciarius, which means “hold in trust”, and derives from the Latin word fides, meaning “faith”. It is a legal relationship based on trust where one person, who is in a position of vulnerability, relies on the good faith of another, whose assistance, advice, and… Continue reading Fiduciary Responsibilities of Executors, Administrators, Trustees, and Guardians
Every time we turn around it seems as if there are more rules and regulations for businesses, especially in dealing with seniors. The regulators are tired of dealing with elder law abuses, and therefore they make more rules, and all these new regulations are taking their toll. Specifically, many of the disclosure documents delivered with… Continue reading Elder Law Lawsuits and Disclosure – Too Complicated and Unfair