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On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Friday, April 5, 2019. Parents of special needs children in California often turn to trusts to provide funds and security for their kids. Eligibility for government benefits often factors into these decisions because many people want to ensure that their children remain eligible for government programs. Frequently, trusts solve this problem because they can set aside money to help a speci...

On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, April 4, 2019. California hip-hop fans may be aware of some of the trust and estate planning issues that have arisen after the death of some hip-hop artists. For example, XXXTentacion created a trust and a last will and testament in 2017. He was murdered a few months later, in June 2018. He made his brothers and mother his beneficiaries, but there was a rumor that an ex-girlfrie...

On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Monday, March 25, 2019. After people pass away in California, there are still a number of tax tasks and obligations related to their estate, which includes all of the assets owned by a person at the time of death. This includes real estate, bank accounts, securities, overseas properties and even gifts made during a person's lifetime. In addition, there are other types of property that a...

On behalf of The Elder and Disability Law Firm, APC on Saturday, March 23, 2019. Protecting your assets as you age and for the people you love after you die is complex. There is no single solution that works in every scenario. Depending on your age, the kinds of assets you own, and your legal and medical situation, a variety of solutions can offer you financial and legal protections.For many people in a broad range of familial circumstances, the creation of a trust can be a great w...

On behalf of The Elder and Disability Law Firm, APC on Friday, March 22, 2019. Public education often fails to provide people with important information about the necessities of modern life. Many people don't learn in school about how to file taxes, maintain a house or fulfill their social and interpersonal obligations to their families and loved ones. Financial and legal responsibilities are very rarely part of the curriculum for high schools. That can leave many people unprepared...

On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Thursday, March 21, 2019. California residents and others have likely heard about the recent passing of actor Luke Perry. He died on March 4 of a stroke, which is incorrectly believed by some to be a condition that only elderly people are afflicted by. However, Perry had taken steps to create an estate plan prior to the stroke occurring. This allowed family members to decide to end care w...

On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Wednesday, March 20, 2019. When the subject of long-term care planning comes up, some people in California have views and thoughts that conform to an old way of thinking about LTC. This essentially means assuming Medicare will pay for such expenses or that children will pick up the tab. Some other people believe they'll never need such care.But with more baby boomers reaching retirement age, th...

On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Friday, March 15, 2019. People in California can make use of the flexibility of trusts to achieve many of their goals for after they pass away. While many people are aware of how trusts can be used to transfer funds to loved ones, support charitable contributions or establish ongoing support over generations, fewer may know that there are even more options that people can access by creati...

On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Friday, March 15, 2019. If you have recently lost a loved one and have been named to serve as the administrator, personal representative or executor of their estate, you will have to deal with many different issues. Probate administration can be complex and may require you to complete a number of different tasks.If your loved one had a trust but failed to transfer his or her assets to i...

On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Sunday, March 10, 2019. California residents who file a claim for disability benefits from the Social Security Administration will typically experience no repercussions from moving to another state after they have submitted their claim. However, they should make it a priority to notify the SSA as soon as possible regarding the change in their contact information.In situations in which the ca...