On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Wednesday, November 8, 2017. California residents have a lot on their mind when going through a divorce. Most people probably are not thinking about estate planning. However, divorcing spouses may need to update their existing wills, trusts, retirement beneficiaries and end-of-life documentation.A trust and trust administration professional shared a few estate planning and divorce horror ...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Monday, November 6, 2017. Up to 25 percent of Californians will become disabled sometime during their working years. When people suffer disabling conditions, they may be eligible for Social Security disability benefits. It is important for workers to understand what the agency will look for when it reviews their benefits claims.When workers submit claims for benefits from the Social Security...
On behalf of The Elder and Disability Law Firm, APC posted in trusts & trust administration on Friday, November 3, 2017. California residents may have a need to either cancel or make changes to an irrevocable trust. While it may be more difficult to do so compared to a revocable trust, there is a process that allows that to happen. It is called decanting, and it involves creating a second trust and pouring assets into it from the original trust. Once the asses are inside of the sec...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Tuesday, October 31, 2017. Some Californians suffer from disabling conditions that prevent them from working. These people are able to apply for benefits through the Social Security Administration. Unfortunately, the SSA denies a majority of the claims that it initially receives, forcing people to file appeals of their denials. There is a huge backlog of cases that are waiting for their appe...
On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Monday, October 30, 2017. California music fans were shocked to learn of the sudden-death of rocker Tom Petty. After suffering cardiac arrest, the famous musician was treated but then removed from life support. The decision was made by Petty himself in the form of a do-not-resuscitate order that he had signed as part of his long-term care and estate planning.Unfortunately, many people do not ta...
On behalf of The Elder and Disability Law Firm, APC posted in social security disability on Saturday, October 21, 2017. Many people living in California collect Social Security Disability Insurance (SSDI) benefits. The SSDI program provides cash support for qualifying individuals who are limited in their ability to work due to a disability. Some individuals who collect SSDI, over time, begin to wonder whether returning to work might be a good idea for them. They may be reluctant, h...
On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Friday, October 20, 2017. Many LGBTQ Californians believe in spending for today instead of saving for tomorrow. Unfortunately, this approach may make it much more difficult when they grow older. If people need long-term care at some point in their lives, their partners may have trouble being able to pay for it.When people need nursing home care, they will often go into a spend-down period until...
On behalf of The Elder and Disability Law Firm, APC posted in long term care planning on Saturday, October 14, 2017. In a survey conducted by a trade association, 65 percent of those who responded said they thought most people should have disability insurance. Only 48 percent thought they themselves needed it, though, and only 20 percent actually had it. California residents might do well to incorporate a long-term disability insurance policy as part of a comprehensive long term ca...
On behalf of The Elder and Disability Law Firm, APC posted in estate administration & probate on Friday, October 13, 2017. California residents who are considering how their estates will be managed if they become incapacitated might want to execute a power of attorney. An individual, called the principal, creates this document to designate a trusted party, called the agent, to attend to financial matters if illness or injury prevents the principal from performing the duties. An ind...
On behalf of The Elder and Disability Law Firm, APC posted in veterans' benefits on Saturday, October 7, 2017. California veterans and their spouses may have unique estate planning considerations. This is particularly true if they have children, who themselves may be entitled to certain benefits based on a parent's military service.The issue of veterans' benefits can be complex, but there are ways of helping to ensure that descendants are provided for after a veteran dies. Part of ...
