It is generally understood that California’s Medicaid program, known as Medi-Cal, has the ability to seek reimbursement of the medical costs paid out during an individual’s lifetime from that person’s probate estate after their death. In fact, this is a big concern for most people considering whether to apply for Medi-Cal to cover their nursing [ ] The post California Bill Limits Medi-Cal Recovery Against Probate Estates appeared first on Northern California Center for Estate Planning and Elder Law.
California’s Medicaid program is known as Medi-Cal. It provides free or low-cost health care coverage for adults who are 65 or older, blind, disabled, pregnant or residing in a long-term facility. Medi-Cal also provides benefits for non-disabled, non-elderly adults aged 19-64 who qualify based on their income levels. To qualify based on income, their level [ ] The post What You Should Know about Medi-Cal Law appeared first on Northern California Center for Estate Planning and Elder Law.
The probate process is the way a person’s estate assets are officially distributed to their heirs and beneficiaries through the California court system. Those assets can include cash, personal property, and real property. Basically, the probate procedures require several steps before the probate can be closed. Estate assets cannot be distributed to heirs or beneficiaries [ ] The post Understanding Probate Law in California appeared first on Northern California Center for Estate Planning and Elder Law.
Trust attorneys will tell you that a trust is a very beneficial estate planning tool. They can be useful in minimizing estate taxes and in avoiding the expense of probate. There are actually many benefits to creating a California trust. When it comes to trust administration, though, it is equally important to understand what is [ ] The post California Trust Administration appeared first on Northern California Center for Estate Planning and Elder Law.
Although most people request an estate plan that helps avoid the lengthy probate process, not everyone actually understands what that means. Avoiding California probate court does not mean avoiding estate taxes. If you are looking to avoid California probate court, here are four ways to accomplish that. First, understand the purpose of probate Basically, probate [ ] The post Ways to Avoid California Probate Court appeared first on Northern California Center for Estate Planning and Elder Law.
Trusts are very valuable estate planning tools that provide a way to hold and manage assets for the benefit of your loved ones. You have the opportunity to include your own instructions as to how the property should be distributed and under what circumstances. A trust is an especially valuable tool if you have a [ ] The post Why You Might Need California Special Needs Trusts appeared first on Northern California Center for Estate Planning and Elder Law.
A primary concern for most clients, with regard to estate planning, is the matter of estate taxes. Indeed, for most people the primary goal of estate planning is to reduce or eliminate estate taxes as much as possible. While California estate taxes are no longer imposed, the federal estate tax remains. The federal estate tax [ ] The post Should I Worry About California Estate Taxes? appeared first on Northern California Center for Estate Planning and Elder Law.