Navigating the judicial system can be challenging for someone unfamiliar with the system under the best of circumstances. If you find yourself trying to navigate the probate court system, chances are good that the circumstances are far from the best. The primary purpose of probate court, after all, is estate administration. As such, if you are involved with the probate court, it typically means that you recently lost a family member or loved one. For specific questions and/or concerns regarding … [Read more...] about Tips for Navigating Probate Court in Los Angeles
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Can Radiologists Detect Elder Abuse with Special Training?
Elder abuse is certainly not a new problem in the United States; however, it is a growing problem. In fact, most people are shocked when they read some of the facts and figures relating to elder abuse and neglect. The good news is that both private advocacy groups and governmental authorities are working hard to educate the public about the prevalence of elder abuse. Lawmakers and law enforcement agencies are also working to punish predators who commit acts of elder abuse and neglect. Doctors … [Read more...] about Can Radiologists Detect Elder Abuse with Special Training?
ARE YOU PREPARED TO PAY FOR LONG-TERM CARE?
Provided by Caprice L. Collins, Financial Advisor 70% of people currently over age 65 will require some long term care someday. That is the estimate of the U.S. Administration on Aging, a division of the U.S. Department of Health & Human Services.1 Will Medicare or private health insurance pay for it? The short answer is “no”. In the decades ahead, baby boomers will reach their seventies, eighties and nineties. With aging parents of their own, some are learning how much long term care … [Read more...] about ARE YOU PREPARED TO PAY FOR LONG-TERM CARE?
Estate Planning for Women — Planning to Outlive Your Spouse
Creating a comprehensive estate plan is vital for everyone, without regard to the size or value of your estate. Although woman tend to be less likely to be involved in estate planning, there are reasons why having a plan in place is actually more important for women. At the top of the list of those reasons is the strong likelihood that a woman will outlive her husband by several years. Without a well thought out estate plan in place, this can cause financial havoc at best and financial … [Read more...] about Estate Planning for Women — Planning to Outlive Your Spouse
Dynamic New Trust Protections for California Residents with Living Trusts in 2017!
Big Changes in Medi-Cal! As of January 2017, there is great news for people who may find themselves in need of Medi-Cal. The laws regarding recovery against estates for benefits paid to a Medi-Cal recipient have been changed. Before January 1, 2017, the Medi-Cal program was able to recover money that was spent on medical services for people who were 55 years of age or older. If the family was unable to repay the state after the passing of the Medi-Cal recipient, a lien was placed on their … [Read more...] about Dynamic New Trust Protections for California Residents with Living Trusts in 2017!
How Long Does Probate Take?
At some point in your life you are bound to be directly involved in the probate of an estate. Your involvement could stem from the fact that you are a beneficiary or heir of the estate or because you qualify as a creditor of the estate. You might even be named as the Executor in the decedent’s Last Will and Testament or volunteer to be the Personal Representative if the decedent died intestate. If you manage to avoid being directly involved in the probate of someone else’s estate during the … [Read more...] about How Long Does Probate Take?
Can a Probate Lawyer Avoid the Process?
You may equate estate planning with the creation of a last will. There is a widely held belief about a will. Many people think that assets can be transferred to the people named in the will immediately after the passing of the testator. In truth, if you use a last will as your asset transfer vehicle, the will would be admitted to probate. The heirs could not receive their inheritances until after the estate was probated and closed by the court. Estate Administration Probate can be defined … [Read more...] about Can a Probate Lawyer Avoid the Process?
Los Angeles Leads Country in Number of Millionaires
Los Angeles has an extraordinary mystique on many different levels. It is the epicenter of the entertainment industry, and it is no secret that high-profile actors, directors, producers, and musicians can make enormous sums of money. There are also many wealthy people in the sports industry who reside in Los Angeles County, but these famous celebrities are only part of the wealth equation here in our area. As the second biggest city in the United States, businesses that are located in L.A. … [Read more...] about Los Angeles Leads Country in Number of Millionaires
How Can You Prevent a Conservatorship?
Everyone understands the importance of retirement planning. People generally recognize the need to engage in estate planning as well. However, there is a period of time that may lie between your active retirement years and your passing. This is the phase of life that we call the twilight years. During this stage, you may suffer from incapacity. You could become physically incapacitated and unable to communicate either temporarily or permanently. There is also the possibility of mental … [Read more...] about How Can You Prevent a Conservatorship?
When Do You Need a Probate Lawyer?
It is important to act in an informed manner when you are planning your estate. If you take action without all the necessary information, you could ultimately make less than ideal choices. Many people assume that trusts are only useful for wealthy people. They are under the impression that trusts are complicated, and last wills are simple. The idea is that the heirs to the estate will receive their inheritances in a timely manner if a last will is used as a vehicle of asset transfer. In … [Read more...] about When Do You Need a Probate Lawyer?
