On behalf of The Elder and Disability Law Firm, APC on Tuesday, September 3, 2013. If your estate is in taxable territory you must look for ways to transfer assets in a tax-free manner. Though there is a gift tax in place there are ways to facilitate tax-free giving if you take the appropriate actions. One strategy that it is sometimes implemented involves zeroing out a grantor retained annuity trust.To provide a brief explanation, after funding the trust you as the donor receive a...
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Charitable Giving with a CRUT
On behalf of The Elder and Disability Law Firm, APC on Friday, August 30, 2013. In many instances you can reduce your tax liability while you give to charity. This is a win-win situation for everyone concerned, and there are a number of different vehicles of charitable giving that can be utilized. One of these is the CRUT or charitable remainder unitrust.The way that these instruments work is that you select both a charitable and a non-charitable beneficiary. The non-charitable ben...
Legacy of Life
On behalf of The Elder and Disability Law Firm, APC on Monday, August 26, 2013. People who start to get serious about contemplating the implications of their mortality oftentimes think about the impact that they have had on the world as they were passing through. The mark that you leave is known as your legacy, and with the assistance of medical science your legacy can include the gift of life.Some conditions that were previously untreatable can now be addressed via organ transplan...
Long-Term Care Planning for Veterans
On behalf of The Elder and Disability Law Firm, APC on Wednesday, August 21, 2013. People who serve in the United States armed forces make many sacrifices for the rest of us. However, there are some rewards that you get in return that can help you as you are planning for your retirement years.A lot of people who spend some time in the military do not stay beyond one term and this in itself is a great service to the country. However, if you were to spend at least 20 years in uniform...
Useful NCOA Resources
On behalf of The Elder and Disability Law Firm, APC on Monday, August 19, 2013. To be able to enjoy your life as a senior citizen you need to think ahead. Of course, making sure that you have the financial resources that you need is part of the equation. This involves working with a good Redlands elder law attorney to develop a cogent, personalized plan that prepares you for all of the eventualities of aging.When you are developing a holistic game plan as it were you must also cons...
Know what to expect from Social Security
On behalf of The Elder and Disability Law Firm, APC on Monday, August 12, 2013. If you were going on a trip to a place that you had never been to before, perhaps a foreign country, you would have a lot of research to do. Nobody wants to enter into the unknown without making the proper preparations, and if you have never been somewhere before you have to take the time to gain an understanding of what to expect.This is the type of mentality that you should take into planning for your...
Veterans Aid And Attendance Special Pension, the Military Advantage
On behalf of The Elder and Disability Law Firm, APC on Thursday, August 8, 2013. There are people who get themselves into trouble because they don't have enough information about long-term care. One of the misconceptions that some people buy into is the notion that it is unlikely that they will ever need long-term care. This idea flies in the face of reality. In fact, according to the United States Department of Health and Human Services approximately 7 out of every 10 Americans wh...
The Don'ts of Estate Planning
On behalf of The Elder and Disability Law Firm, APC on Tuesday, July 30, 2013. You know what you need to do for your estate planning, but it is equally as important to know what not to do when you create an estate plan or you're getting started.Don't:Procrastinate on Creating an Estate PlanYou already know procrastination never leads to anything good and it is no different with estate planning. If you don't create an estate plan, your loved ones could be left with a big mess later ...
Effective Medicaid Expansions Remain Unclear
On behalf of The Elder and Disability Law Firm, APC on Wednesday, July 24, 2013. The jury is still out as to what the effect will be of the Medicaid expansion that is called for within the provisions of the Patient Protection and Affordable Care Act ("PPACA"). The expansion was originally to be required of all U.S. states, but, after the Supreme Court held that expansion could only be made voluntarily, the impact of the expansion was deflated considerably.With an effective date of ...
Can't I just prepare my will using a kit?
On behalf of The Elder and Disability Law Firm, APC on Monday, July 22, 2013. It's doubtful that you'd want a doctor you've never met to make decisions about whether you live or die, or how you live or die. In fact, you may even to shudder to think about certain family members making those choices. Most people would rather make end-of-life decisions for themselves. Especially since in some cases, you may have moral or religious objections to medical treatments.These are hard questi...