Are you a senior who is suddenly facing the need for long-term care (LTC) for you or a spouse? If so, you are also facing the need to pay for the cost of that care. In the State of California, that means paying an average of $10,000 per month in LTC expenses. Unless you can afford to cover those expenses out of pocket, you will likely find yourself turning to Medi-Cal for assistance. While Medi-Cal does cover LTC expenses, you may find yourself looking at several obstacles to eligibility unless … [Read more...] about Rules for Medi-Cal Eligibility for Seniors
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Caregiver Charged after Discovery of Mummified Remains of Elderly Patient
Sadly, elder abuse is not a new problem in the United States. On the contrary, abuse and neglect of the elderly has long been a concern; however, as the older population in the U.S. grows to historical numbers, the elder abuse epidemic has taken on a greater sense of urgency. As one story after another makes the headlines, the need to find solutions to the problem becomes more apparent. Take, for example, a recent story in the Sonoma County Press Democrat where the mummified remains of an … [Read more...] about Caregiver Charged after Discovery of Mummified Remains of Elderly Patient
I’m the Executor of a Will? Now What?
Did you recently find out that you are the Executor of a Will of a recently deceased loved one? If so, and the appointment was not discussed with you at the time it was made, you are probably wondering what it means to be the Executor. Unless you have served as an Executor before, you may not know where to start or who to turn to for help. Although no two estates are exactly the same, there are some common duties and responsibilities that the Executor of a Will usually has when probating an … [Read more...] about I’m the Executor of a Will? Now What?
How Does Gentrification Affect Your Estate Plan?
For an estate plan to work as planned, it must be well thought out and encompass much more than simply deciding what will happen to your estate assets when you are gone. The most amazingly well drafted estate plan will fail, however, if that plan is not reviewed and updated on a regular basis and upon the occurrence of certain special events. One factor that should call for a review of your estate plan, but that people rarely realize is important, is gentrification. At this point you may be … [Read more...] about How Does Gentrification Affect Your Estate Plan?
California’s Elder Abuse Act – What You Need to Know
Elder abuse is not a new problem; however, it is a growing problem in the United States. As the 65 and older population continues to increase at a heretofore unseen rate, issues that affect seniors and those who care for them are becoming more and more important. How to combat and punish abuse and neglect of the elderly is a problem that every state in the U.S. is wrestling with in the 21st century. California has long been a pioneer in the effort to protect seniors, enacting the Elder Abuse and … [Read more...] about California’s Elder Abuse Act – What You Need to Know
When Is a Qualified Domestic Trust the Solution?
Comprehensive estate planning requires you to do much more than simply decide who will receive your estate assets when you are gone. If you have a moderate to large estate, one of the most important additional goals of your estate plan should be tax avoidance. If you fail to plan for the impact of federal gift and estate taxes, for example, your estate could lose up to 40 percent of its value to Uncle Sam. The need to incorporate tax avoidance techniques into your estate plan is particularly … [Read more...] about When Is a Qualified Domestic Trust the Solution?
How Long Does It Take to Probate a Will?
When you think of estate planning goals, the first thing that comes to mind is likely the distribution of estate assets after your death or providing for loved ones after you are gone. While these are certainly common – and important – estate planning goals, there are a number of additional goals that you may also choose to include in your estate plan. Probate avoidance, for example, is a common secondary estate planning goal. In order to understand why probate avoidance is such a common estate … [Read more...] about How Long Does It Take to Probate a Will?
Tips for Navigating Probate Court in Los Angeles
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
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?
