The population of the state of California is growing, and this phenomenon is very eye-catching when you apply it to senior citizens. According to the California state government, the Los Angeles senior population is exploding. By 2020, the elder population should be 50 percent more than it was in 1990 according to government research. Since so many people are reaching retirement age, questions are being asked about Medicare and Medi-Cal. Let's look at some very important information that can … [Read more...] about Government Projects Growth of Los Angeles Elder Population
Blog
A Living Trust Attorney Can Provide Answers
People often have misconceptions about living trusts. When you speak with a living trust attorney, you can come away with a clear picture. In this post, we will share some basic information a living trust attorney would provide for a typical client, with an emphasis on asset protection. Protecting Resources A revocable living trust is a very versatile and useful estate planning tool. Contrary to popular belief, you don't have to be enormously wealthy to benefit from a revocable living … [Read more...] about A Living Trust Attorney Can Provide Answers
Disability Planning Can Prevent Future Problems
When you know you are going to qualify for Medicare when you reach the age of 65, the Medi-Cal program may be off your radar. Medicare and Medi-Cal are both health insurance programs, right? Why would you need Medi-Cal if you are going to qualify for Medicare? It is true that Medicare and Medi-Cal are both government run health insurance programs. If you qualify for Medicare, you won't need Medi-Cal at first. Plus, you probably wouldn't be eligible, because Medi-Cal is only available to … [Read more...] about Disability Planning Can Prevent Future Problems
Elder Abuse Awareness Is on the Rise
There are an unprecedented number of people attaining senior citizen status at the present time in the United States. This is because of the fact that the baby boomer generation is getting older. To understand the dynamic, consider the state of Social Security applications. The Social Security Administration is accepting approximately 10,000 applications for Social Security benefits each and every day. This volume is expected to continue into the foreseeable future. If you are among the … [Read more...] about Elder Abuse Awareness Is on the Rise
Retirement Planning: Look Beyond the Active Years
As estate planning attorneys, we specialize in retirement planning issues. In this post, we will look at some of the issues that retirement planning attorneys routinely address. Long-Term Care When you are planning ahead for the eventualities of aging, you should certainly understand some facts about long-term care. This is the type of care that you would receive in a nursing home or assisted living community. If you work during your life and pay taxes, you will qualify for Medicare when … [Read more...] about Retirement Planning: Look Beyond the Active Years
Preserve Benefit Eligibility With a Special Needs Trust
A special needs trust can be useful if you want to provide for someone that you love who has a disability. We will look at the facts in this blog post. Supplemental Security Income People with disabilities oftentimes rely on the Supplemental Security Income program. This program provides income for people with special needs who are not in a position to earn much on their own. To qualify, you must be able to prove that you have significant financial need, and you could lose eligibility if your … [Read more...] about Preserve Benefit Eligibility With a Special Needs Trust
Many Wartime Veterans Are Returning to Los Angeles
Many people from Los Angeles have served our country in the military. There are no words to describe the debt of gratitude that we owe to these brave men and women. Wartime veterans go through a lot, and many people who have served in the military are returning back home to Los Angeles. Though there is no way to fully repay the former service members for their sacrifices, there are some benefits that can be of great assistance. Most people are aware of the military retirement pension. If … [Read more...] about Many Wartime Veterans Are Returning to Los Angeles
Are Your Older Loved Ones Safe Behind the Wheel?
For most of us, the ability to drive a vehicle is something we take for granted. For older drivers, the ability to continue to drive if often intimately linked with their sense of independence and freedom. Taking away the ability to drive, to and older driver, is equal to taking away his/her freedom. The problem is that failing to step in and take the keys, in some cases, is almost certain to lead to serious injury, even death, for the older driver and/or others who share the same the roadways. … [Read more...] about Are Your Older Loved Ones Safe Behind the Wheel?
What Is Conservatorship?
As an adult child, one of the most difficult things you may be faced with is the realization that a parent needs help making financial and/or personal decisions. You may see the signs of incapacity; however, you may not want to acknowledge them and/or you may feel uncomfortable doing so. Often, an adult child feels that stepping in an exerting control over a parent will be perceived as taking away the parent’s freedom and/or independence. What you need to remember, however, is that failing to … [Read more...] about What Is Conservatorship?
Retirement Planning — How Much Do I Need to Save?
A basic estate plan usually begins with executing a Last Will and Testament; however, as your family and your estate grows, your estate plan should grow as well to become more comprehensive in nature. At some point you will likely add a retirement planning component to your estate plan. Knowing you need to plan for retirement is the easy part. The hard part of retirement planning is knowing how much you will need to live comfortably during your “Golden Years.” Unfortunately, there is no “magic … [Read more...] about Retirement Planning — How Much Do I Need to Save?
