According to just about every poll and survey taken, fewer than half of all Americans have created a last will and testament. The range of those who do usually comes in between 30 and 40 percent. When those without a will are asked why, they often say they don’t know how, or they don’t have enough assets to leave to anyone.
Suppose you’ve been named the personal representative in someone’s last will and testament, and the person has just passed away. It is now your responsibility to present the will to the Superior Court where the decedent resided. The court will then oversee probate proceedings to administer the will, and you will be named executor of the estate.
Estate planning involves ensuring your loved ones are taken care of after you’re gone and that your estate is distributed as you wish. This naturally involves your family members and others for whom you care, but what if you have a treasured pet that you may outlive.
If you own a business, co-own a business, or are a partner in a business, you certainly want to prepare for the day when you decide to retire, or for an unforeseen event that could leave ownership and operation of the enterprise in limbo.
You or an elderly loved one may have heard about PACE—the Program of All-Inclusive Care for the Elderly—and you have questions about what exactly it is and which services it provides. Does it offer more than Medicare? How about Medi-Cal? Is it merely a nursing home alternative?
The Program for All-Inclusive Care for the Elderly—PACE—is designed to provide multiple layers of care outside of a hospital setting for the elderly with multiple chronic conditions.
Medi-Cal is California’s version of the federal Medicaid program, a partnership between states and the federal government.
While Medi-Cal provides a comprehensive range of medical care and treatment services, some recipients may require additional services to take care of their daily needs at home, and others may prefer to be cared for in an assisted living home rather than a nursing home.
If you have a loved one who is facing a disabling condition that will require the assistance of Medi-Cal and Supplemental Security Income (SSI) for medical, housing, and food benefits, the qualifications are strict.
You or a loved one is suffering from a disabling condition, and you’re receiving benefits from Medi-Cal and or Supplemental Security Income (SSI). Both of these programs place severe limits on the number of assets you can have in your name – specifically, $2,000 for an individual.
