One of the major concerns most people have in nursing home planning is how to protect their assets from being completely exhausted by nursing home expenses. Although a trust can be a great strategy, not every type of trust provides the asset protection you need. If you engage in proper nursing home planning, including the [ ] The post How Elder Law Attorneys Can Help With Your Nursing Home Planning appeared first on Northern California Center for Estate Planning and Elder Law.
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.
Medi-Cal fraud and abuse are an unfortunate reality in our state. Fraud and abuse of these important government benefits cost the country billions of dollars each year, as a result of diverted funds that should have been used for valid medical services. Due to this abuse, the cost of Medi-Cal has continuously increased for many. [ ] The post Sacramento Medi-Cal Planning Attorney Warn About Fraud 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.
Most clients believe that, in order to qualify for Medi-Cal, they must transfer their property to someone else, before they can apply for benefits. In reality, though, transferring certain assets at any time within five years of submitting your application may result in a delay in receiving benefits. However, with proper planning, you can retain [ ] The post Sacramento Medi-Cal Planning Attorneys Explain how to Use Annuities appeared first on Northern California Center for Estate Planning and Elder Law.
Nursing home care can be very expensive. Many private health insurance policies don t cover these long-term care services. For California residents who need long-term care, Medi-Cal is the most common source of funding. In fact, Medi-Cal covers nursing home care expenses of nearly 65% of Californians residing in nursing homes. However, applying for and receiving [ ] The post Nursing Home Planning for Seniors 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.