Thanks to advances in medicine and science, as well as an overall better quality of life, Americans at the beginning of the 21st century have an average life expectancy of almost double what they had at the beginning of the previous century. Despite this, the natural aging process has not changed significantly during the last 100 years. We are simply better able to prolong the inevitable. As a result, it often comes as somewhat of a shock when we realize our parents are getting old – and that … [Read more...] about When Roles Reverse & Your Parents Need You Help
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Avoiding Family Chaos in the Coronavirus Age
The novel “coronavirus” (also called “SARS-CoV-2”) causes the disease “COVID-19.” It first appeared in late 2019 and was reported to the World Health Organization (WHO) on December 31, 2019. Here’s a link to the WHO’s site for the latest global information. COVID-19 has impacted the lives of millions of people and countless events around the world. The coronavirus has infected over four million people around the world, including over a million in the United States. It has killed over 80,000 … [Read more...] about Avoiding Family Chaos in the Coronavirus Age
Top 3 Wealth Protection Strategies
A basic estate plan helps you create a roadmap for the distribution of your estate assets after you death. A more comprehensive estate plan, however, can accomplish much more. Protecting the wealth that you accumulate over the course of your lifetime, for example, is a goal that can be furthered within your estate plan. A Los Angeles estate planning attorney explains three of the most popular wealth protection strategies that you might choose to include in your estate plan. Wealth Protection … [Read more...] about Top 3 Wealth Protection Strategies
Early Retirement May Be Costing You a Fortune
When it comes to planning for retirement there are a number of decisions that must be made. One of the most important of those decision is when to retire. More specifically, when to start accepting Social Security retirement benefits. Although it may be tempting to start accepting those benefits as early as possible, a Los Angeles elder law attorney at Collins Law Group explains how early retirement may cost you a small fortune. Social Security Retirement Benefits The Social Security … [Read more...] about Early Retirement May Be Costing You a Fortune
Probate Mistakes You Want to Avoid Making
If you recently lost a loved one and find yourself in charge of administering the decedent’s estate, you will likely find yourself struggling to manage your grief while simultaneously focusing on the practical steps you need to take during the probate process. Unfortunately this internal struggle often leads to making a mistake. Sometimes those mistakes can be costly ones. To help you avoid making those mistakes, a Los Angeles probate attorney at Collins Law Group discusses probate mistakes you … [Read more...] about Probate Mistakes You Want to Avoid Making
The Little Things May be the Most Important
Your estate may be worth a little or a lot at your death. The items which your beneficiaries might cherish could be the sentimental ones. Read on to learn how your will or trust could provide the ability for you to keep a list and update it without needing to see your lawyer every time you change your mind on an item. The Little Things May be the Most Important … [Read more...] about The Little Things May be the Most Important
Will My Parents Qualify for Medi-Cal?
Many adult children experience a role reversal with their parents as their parents age. If you are going through this phenomenon with your parents, you are likely starting to worry about the rising cost of healthcare for seniors. As your parents get older, their healthcare costs will undoubtedly increase. If one (or both) of them needs long-term care at some point, the cost of that care could easily exceed $100,000 per year. To ensure that your parents can afford that care if it is needed, the … [Read more...] about Will My Parents Qualify for Medi-Cal?
Do All Estates Need to Be Probated?
If you recently lost a family member or a close loved one, you are undoubtedly still going through the grieving process. At some point, however, the legal ramifications of the decedent’s death will need to be addressed by someone. If that “someone” turns out to be you, and you have never before handled the practical aspects of a loved one's death, you may have a number of questions. One of the first questions people have after losing a loved one that left behind a relatively modest estate is … [Read more...] about Do All Estates Need to Be Probated?
Turning the Page on 2018 and Looking Forward to 2019
As we turn the page and bid farewell to 2018, we look forward to 2019. This article summarizes the major changes for 2019, both in the tax area and in other areas. Read on to learn more. Turning the Page on 2018 and Looking Forward to 2019 … [Read more...] about Turning the Page on 2018 and Looking Forward to 2019
Top 5 Concerns for a First-Time Executor
When a loved one passes away, the last thing most people want to think about is the practical and legal ramifications of their loved one’s death. If you find yourself in this situation though, and you find that you were appointed to be the Executor of the estate by the decedent, you must focus on the legalities as they apply to the decedent’s estate. Acting as the Executor may seem a daunting prospect if you have never before served in that capacity. To help get you started, the Los Angeles … [Read more...] about Top 5 Concerns for a First-Time Executor
