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
Blog
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?
What Can I Do to Ensure My Financial Security During My Golden Years?
When you finally starting working at your first “real” job your focus of your financial concerns is on the here and now. Eventually, if you start a family your focus will shift to thinking about things like braces, college, and weddings down road. Even farther down the road, however, is your own retirement. At some point your focus needs to shift to financial security for you during your “Golden Years” – and the sooner you make that shift, the better. Failing to plan for your retirement years, … [Read more...] about What Can I Do to Ensure My Financial Security During My Golden Years?
Which Type of IRA Is Right for Me?
In the 21st century, retirement planning is much more complicated than it was just a couple of generations ago. Gone are the days when you could rely on an employer sponsored pension and a healthy social security retirement benefit to provide you with a comfortable retirement. Instead, most people are now forced to develop and fund their own retirement plan. One common funding option for the average retirement plan is an Individual Retirement Account, or IRA. If you are considering the addition … [Read more...] about Which Type of IRA Is Right for Me?
When Should I Use a California Durable Power of Attorney?
Creating a comprehensive estate plan usually requires you to incorporate estate planning documents and strategies that go beyond just a simple Last Will and Testament. One of the most common additions to an estate plan is a power of attorney. In fact, you may find that you create and execute several different powers of attorney during your lifetime. Unfortunately, the fact that a power of attorney is such a common legal document means that people frequently use a power of attorney without a … [Read more...] about When Should I Use a California Durable Power of Attorney?
