The basic purpose of estate planning is to prepare for the possibility of incapacity and for death. Your estate plan can include various types of estate planning tools, including trusts and wills. The variety of estate planning strategies that are available allows you to customize a comprehensive estate plan to fit your needs. This article [ ] The post What Experienced Estate Planning Attorneys Know About Trusts and Wills appeared first on Northern California Center for Estate Planning and Elder Law.
A common concern for many clients who are Medi-Cal recipients is that if they use Medi-Cal to pay for long-term care, they will lose everything they have. There is a misconception that Medi-Cal will take their homes or leave their healthy spouses penniless. Another concern is that once a Medi-Cal recipient passes away, Medi-Cal will [ ] The post Will My Parent’s Estate Be Subject to Medi-Cal Estate Recovery? appeared first on Northern California Center for Estate Planning and Elder Law.
Five days after a hit-and-run accident on Vaca Valley Parkway, a bicyclist has been released from the hospital. He was riding his bicycle when a young woman ran a stop sign on Crystal Springs Drive and struck him. The victim sustained contusions and road rash, which he believed were the extent of his injuries. However, [ ] The post Hit-and-Run Should Remind us of the Need for a Sacramento Estate Planning appeared first on Northern California Center for Estate Planning and Elder Law.
One of the main concerns for most clients, when it comes to estate planning, is the issue of federal estate tax, commonly referred to as the death tax . Indeed, for most people the primary goal of estate planning is to decrease or eliminate estate taxes as much as possible. While California estate taxes are no longer [ ] The post Federal Estate Tax and How it Affects Estate Planning appeared first on Northern California Center for Estate Planning and Elder Law.
Although most people request an estate plan that helps with avoiding probate, not everyone actually understands what that means. Avoiding probate court does not simply mean avoiding estate taxes. If avoiding probate is your estate planning goal, here are four ways to accomplish that goal. What is the purpose of probate? Basically, probate is a [ ] The post What if Avoiding Probate is my Goal for Estate Planning? appeared first on Northern California Center for Estate Planning and Elder Law.
One of the purposes of estate planning is to prepare for your death and avoid intestate succession. The laws of intestate succession determine who gets what if you die without a will. In general terms, if you die without a will in California, your assets will go to your closest relatives. Here is what intestate [ ] The post How to Avoid Intestate Succession with an Estate Plan appeared first on Northern California Center for Estate Planning and Elder Law.
In the event of a loved one passing away, the property left in their estate must be distributed to the right individuals. Usually, that means the estate has to go through the probate process. The portion of the property that must go through probate is referred to as the probate estate. When it is time [ ] The post The Steps in Handling the Probate Estate appeared first on Northern California Center for Estate Planning and Elder Law.