On behalf of The Elder and Disability Law Firm, APC on Wednesday, July 17, 2013. One common misconception is that you can only apply for the Improved Pension Benefit Program (IPB) if a veteran or a veteran's spouse has a service-related injury; however this is not the case.If your loved one's health is declining and you have not yet begun the estate planning process the IPB program will aid in easing the financial burden and offer some respite to you and your family.The eligibility...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, July 16, 2013. If you are prone to procrastination when it comes to estate planning one thing that may motivate you to take action is to ask yourself who will suffer if you were to die without making any preparations in advance.The fact is that your loved ones will be left behind to fend for themselves if you pass away without making provisions for them.You may think that you are still relatively young and that you hav...
On behalf of The Elder and Disability Law Firm, APC on Friday, July 12, 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 indivi...
On behalf of The Elder and Disability Law Firm, APC on Thursday, July 11, 2013. Wading through all the terminology that is utilized in estate planning circles can be somewhat confusing to the uninitiated. With this in mind we would like to take a look at living wills, last wills, and living trusts.Everyone knows what a last will is used for. This is the most widely executed estate planning document, and of course it facilitates the transfer of your financial assets to your loved on...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, July 10, 2013. While there are some rather complicated legal instruments that are used in the field of estate planning there are some relatively simple solutions that can be implemented as well. One of these would be the utilization of payable on death or transfer on death accounts, but you have to be aware of the limitations of these accounts.When you create a payable on death account at a bank or a brokerage you in...
On behalf of The Elder and Disability Law Firm, APC on Wednesday, July 3, 2013. One of the issues that is a source of great concern within the elder law community is that of access to long-term care. Perhaps the most striking demographic statistic of our time is that people who are at least 85 years of age are the fastest growing age group in the country. Clearly, when you reach an advanced age it is very possible that you are going to need living assistance.Many people go forward ...
On behalf of The Elder and Disability Law Firm, APC on Tuesday, July 2, 2013. The estate tax is something that is not fully understood by a lot of people, but when you find out the facts you can't help but be a bit taken aback by just how harsh it can be.At the present time the maximum rate of the estate tax is 35% and the exclusion is $5.12 million. These figures are in place due to a tax relief measure that was passed at the end of 2010. This piece of legislation is going to suns...
On behalf of The Elder and Disability Law Firm, APC on Monday, June 24, 2013. Retirement planning is something that is very important and it is neglected by far too many people. In the end, there is no guarantee that you will be able to retire. To do so you are going to have to be able to pay your way without working for perhaps a couple of decades or more, and for a lot of people this is going to take some very careful and intelligent long-range planning.San Bernardino retirement ...
On behalf of The Elder and Disability Law Firm, APC on Friday, June 21, 2013. When it comes to transferring your assets to your loved ones, you may decide that you would prefer to use a revocable living trust rather than a last will.The primary reason you may choose this option is because of the fact that your estate must pass through probate when you utilize a last will as your primary vehicle of asset transfer. Probate is a legal process that is time-consuming, public, and oftent...
On behalf of The Elder and Disability Law Firm, APC on Thursday, June 20, 2013. People who serve in the military put it all on the line for the rest of us, and in many cases they must make a lot of sacrifices.Though the challenges that go along with service are readily apparent, military service is something that can be very rewarding to a young person on a number of different levels. You can learn a skill or trade, develop a resume, gain an understanding of what teamwork is all ab...
