Homeownership is a key component in wealth building for Americans of all races and ethnicities. Unfortunately, a significant disparity in the rate of homeownership continues to exist in the U.S. between African Americans and Whites, making it more difficult for African Americans to build wealth. It also makes it increasingly important for Africans Americans to protect the home they do own so that it can be passed down to the next generation. The Difference between White and … [Read more...] about Why African Americans Must Protect their Homes
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?
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!