Estate Administration: What Does it Mean to File the Inventory?
If you are named to serve as the personal representative of a loved one’s estate, you will have many responsibilities under the California probate code. One of these tasks is to file an inventory with the probate court. You will have to follow the rules and perform this task correctly before the judge will...
What You Need to Know About the Latest Developments in Health Care Directives and Dementia Directives
How are Annuities and Retirement Benefits Treated for Tax Purposes?
As you evaluate your preparations for retirement, you need to know how your income will get taxed after you stop working and have a fixed income. Many people rely primarily or solely on Social Security retirement benefits when they retire. Pensions are not as commonplace as they used to be. Some people invest...
10 Tips For Family Caregivers: Tips for Caring for Elderly Parents with Dementia
Serving as the caregiver for an aging relative with Alzheimer’s disease or another form of dementia can be exhausting, stressful, and isolating. Since millions of Americans find themselves in this situation, it could help if you have a few pointers to help you on this challenging path.
A California elder law attorney can...
What Can We Learn About Estate Planning from Britney Spears’ Situation?
Understanding the Types of Guardianships
California allows for two types of probate guardianships for minor children and adults – guardianship of the person and guardianship of the estate. In the guardianship of the person, the court-appointed guardian acts in the place of a parent and makes the day-to-day kinds of decisions that a parent would for a child or...
What Are the Benefits of a Testamentary Trust?
A testamentary trust gives you flexibility that a living trust or will cannot provide by themselves. A testamentary trust is not a stand-alone document because it is part of a will or living trust. You can have more than one testamentary trust and still have a living trust.
A California elder law attorney can...
Estate Taxes: Who Pays? And How Much?
No one enjoys paying taxes. However, there are very few people who are able to avoid paying some form of taxes during their lifetime. Unfortunately, some individuals pay taxes after their death. Estate taxes can be a burden on your family. Our California elder law attorney can help you develop strategies for avoiding...
Is Long-Term Care Insurance a Good Purchase?
Long-term care can cost a fortune, quickly burning up the savings and assets you work hard to earn throughout your lifetime. One way to get help with this expense is to buy long-term care insurance. These policies are expensive, so you might be wondering, Is long-term care insurance a good purchase?
The short answer is...