On behalf of The Elder and Disability Law Firm, APC on Tuesday, November 5, 2013. Putting away money with retirement in mind is something that you should begin doing as soon as possible. If you are diligent about creating a retirement plan and sticking to it you should be able to accumulate the necessary financial resources over time.One way to go about it is to contribute into the 401(k) plan that is offered at your place of employment. With a 401(k) retirement account your contri...
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Is Estate Tax Only A Concern For The Rich?
On behalf of The Elder and Disability Law Firm, APC on Friday, October 25, 2013. Developing a good relationship with a licensed, experienced Redlands estate planning lawyer is very important so that you can be certain that the information that you are working with is correct and current.With this in mind, tax laws that could have a significant impact on future generations of your family are always changing. So, if you just believe anything that you hear or read you may be buying in...
What Will Happen To Your Estate Without A Will Or A Trust?
On behalf of The Elder and Disability Law Firm, APC on Monday, October 21, 2013. If you have not taken the time to draft a will your state laws will mandate what will happen with your possessions. This process can be long and drawn out, and can sometimes result in costly lawsuits.Under California intestacy laws of succession your surviving spouse will receive all of the community property.Your separate property will be divided as follows if you do not have a qualified will or trust...
Holistic Long-Term Care Planning
On behalf of The Elder and Disability Law Firm, APC on Tuesday, October 8, 2013. Estate planning involves preparing your assets for eventual distribution to your heirs and this is an important thing to take care of as soon as you become a responsible and self-supporting adult. However, the truly wise course of action is to create a comprehensive, holistic long-term plan for the future that culminates with the passing along of your legacy.This includes preparing for all the eventual...
QTIP Is Useful Estate Planning Tool
On behalf of The Elder and Disability Law Firm, APC on Tuesday, October 1, 2013. During our current era a significant percentage of marriages end in divorce. Most of the people who do get divorced eventually remarry, and in the majority of these cases one or both of the individuals entering the marriage has children from a previous marriage or marriages.This can present the need for some advanced estate planning techniques to be implemented. Even though you may trust your new spous...
Spendthrift Trust Can Provide Solutions
On behalf of The Elder and Disability Law Firm, APC on Thursday, September 26, 2013. When you are planning your estate you have to a lot of things to consider, and one of these would be the personal proclivities of the individuals who will be receiving inheritances after you pass away.You may have someone on your inheritance list who is not the greatest money manager. When you are preparing for the distribution of your assets after your death you may take pause before you give this...
Estate Planning in the Digital Age
On behalf of The Elder and Disability Law Firm, APC on Monday, September 23, 2013. Back in the day people had all of their important papers stashed in a lock box somewhere. It was simply a matter of letting family members know where the key was located should they need to access them.Of course many of us still do have hard copies of important documents and it is important to share their location with selected family members when you are planning your estate.However, now that we liv...
Beware of Elder Financial Abuse
On behalf of The Elder and Disability Law Firm, APC on Friday, September 13, 2013. One of the problems that is a source of concern within the elder law community is that of elder financial abuse. It is difficult to compile truly accurate statistics with regard to this scourge on our nation's elderly because of the fact that so many cases go unreported.But according to the MetLife Mature Market Institute losses incurred by instances of elder financial abuse approach $3 billion annua...
Reducing Medical Expenses
On behalf of The Elder and Disability Law Firm, APC on Monday, September 9, 2013. Planning for the future involves making sure that you have the financial resources that you will need to enjoy your retirement and subsequently handle any contingencies that may confront you after your active retirement years are over. This involves careful long-term planning for most people, and this is best done with the assistance of a licensed and experienced San Bernardino elder law attorney.The ...
Debt Reduction Can Free Up Retirement Resources
On behalf of The Elder and Disability Law Firm, APC on Wednesday, September 4, 2013. San Bernardino retirement planning attorneys are going to emphasize the importance of putting together a retirement nest egg.A lot of people are under the impression that they have nothing to worry about because they will be receiving Social Security while Medicare takes care of their medical expenses. However, Social Security in and of itself is going to provide limited income, and there are out-o...