A pet trust can provide you with peace of mind if you are concerned about predeceasing your fine furry friend. It is true that younger adults may not be extremely concerned about this topic, especially if there is extended family to care for the pet if the unthinkable was to take place. However, for older people, pet trusts can be invaluable, and they are legal in the state of California. Ideal Solution A pet can provide many benefits for senior citizens. Experts who weigh in on the subject … [Read more...] about Are Pet Trusts Legal in California?
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What Is a Special Needs Trust?
What Is a Special Needs Trust? from Collins Law Group Your estate plan should take many things into consideration, most especially if you have a loved one on your inheritance list who has special needs. … [Read more...] about What Is a Special Needs Trust?
Free Report: What Questions Should I Ask an Elder Law Attorney in California
If you are looking for information about the eventualities that you may face during your elder years, you may want to discuss the future with an elder law attorney. These legal professionals are dedicated to the interests of seniors, and you should certainly act in an informed manner so that you can brace yourself for some of the challenges that elders often face. In this paper, we will provide you with a bit of basic information as we provide a question-and-answer exchange. Topics … [Read more...] about Free Report: What Questions Should I Ask an Elder Law Attorney in California
What Is the Generation-Skipping Transfer Tax?
Whether it is fair or not, there are taxes on large asset transfers in the United States. Those who speak of unfairness point out the fact that you are transferring assets that you have left after you paid taxes throughout your life, but apparently, the tax man sees things a different way. One tax on asset transfers is the generation-skipping transfer tax. This tax is potentially applicable on large asset transfers to family members who are more than one generation younger than you are. It can … [Read more...] about What Is the Generation-Skipping Transfer Tax?
Free Report: What Is California Legacy Planning
We practice law in California, and there is no state-level estate tax in our state, but there is a federal estate tax. This tax carries a 40 percent top rate that can significantly impact your family's financial future if you face exposure. You can transfer unlimited assets to your spouse tax-free through the utilization of the unlimited marital deduction. Topics covered in this report include: Wealth Preservation Family History Ethical Will Philanthropic … [Read more...] about Free Report: What Is California Legacy Planning
The Importance of Estate Planning in Light of Bobbi Kristina Brown’s Death
Personal and financial decisions during life drastically impact legacy in death Click Here to REGISTER for one of our Free WILLS & LIVING TRUSTS Workshops and learn how you can protect your family and your legacy! (Los Angeles-August 3, 2015)--Bobbi Kristina Brown was laid to rest last month after experiencing an irreversible brain injury in January. Sadly, the circumstances of her death mirror those of her mother, music icon, Whitney Houston who passed away in 2012 on the eve of the … [Read more...] about The Importance of Estate Planning in Light of Bobbi Kristina Brown’s Death
What Is the Difference Between SSI and SSDI?
There are government programs with wordy names that are often shortened to acronyms. This can create confusion, so we will look at the two programs called SSI and SSDI in this blog post, and we will explain the distinctions between them. SSI The Supplemental Security Income (SSI) program is in place to provide income for people with disabilities who cannot earn much on their own. This is a need-based program. To qualify for SSI, you must be able to prove that you have very limited financial … [Read more...] about What Is the Difference Between SSI and SSDI?
Should I Have a California Durable Power of Attorney
Should I Have a California Durable Power of Attorney from Collins Law Group When you create this document, you empower a hand-picked decision-maker to act on your behalf in the event of your incapacitation. Learn more about California durable power of attorney in this presentation. … [Read more...] about Should I Have a California Durable Power of Attorney
What Is the Uniform Probate Code?
The probate process is a legal mechanism that can enter the picture when an estate is being administered. When a last will is used as a vehicle of asset transfer, it must be admitted to probate after the testator's death, and the probate court will supervise the administration of the estate. This process can be complicated, and it can get lengthy. During the 1960s, the National Conference of Commissioners on Uniform State Laws decided to work with the Real Property, Probate and Trust Law … [Read more...] about What Is the Uniform Probate Code?
What Is the Medi-Cal Monthly Maintenance Needs Allowance?
The Medi-Cal program should be on your radar, even if you are going to qualify for Medicare when you reach the age of 65. This is because Medicare does not pay for living assistance, but Medi-Cal will help if you need long-term care at some point in time. If you are thinking that it is unlikely that you will ever need care, you should understand the facts. The United States Department of Health and Human Services maintains a very useful website called LongTermCare.gov. According to the site, … [Read more...] about What Is the Medi-Cal Monthly Maintenance Needs Allowance?
