California’s Medicaid program is known as Medi-Cal. It provides free or low-cost health care coverage for adults who are 65 or older, blind, disabled, pregnant or residing in a long-term facility. Medi-Cal also provides benefits for non-disabled, non-elderly adults aged 19-64 who qualify based on their income levels. To qualify based on income, their level must be at or below 138% the Federal Poverty Level. For Sacramento residents, it is important to know the requirements imposed by Medi-Cal … [Read more...] about What You Should Know about Medi-Cal Law
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Business Planning Attorney Provides Advice for Small Businesses
A proper estate plan can help protect your assets from excessive taxes and creditors, control how your assets should be distributed, to whom and when, and so much more. The same is true for small businesses, as your business planning attorney can tell you. Understanding how small businesses can benefit from business planning will help you organize your business and plan for succession of that business to your heirs. Planning for the estate tax consequences for business owners If you are a … [Read more...] about Business Planning Attorney Provides Advice for Small Businesses
Myths About Medi-Cal, Part IV
“The only thing that is constant is change.” ~Heraclitus In our recent newsletters, we have been exploring and debunking many myths about the Medi-Cal Long Term Care program that seem to abound. The focus of the most recent articles has been the myths surrounding the home, including the right of Medi-Cal to assert a claim against a Medi-Cal recipient’s home for the cost of the benefits conferred during his or her lifetime. The primary target for many Medi-Cal “recovery” claims is the … [Read more...] about Myths About Medi-Cal, Part IV
Medi-Cal Myths Pt. III – More on The Guv’mint’s Gonna Take My Home
Editor’s note: This is the third installment of an occasional series about common misconceptions by consumers about the Medi-Cal Long Term Care program which provides financial assistance in paying for care in a skilled nursing facility. As many of our clients already know, we regularly assist families who are facing care issues for a family member who may need long term care including advice and assistance in obtaining benefits available under certain Veterans and Medi-Cal programs. In … [Read more...] about Medi-Cal Myths Pt. III – More on The Guv’mint’s Gonna Take My Home
Taxes and Inheritances: Planning and Coping
When someone passes on, his or her assets are typically left behind to a beneficiary. If you find yourself the recipient of money, you may have a big question on your mind: will I have to pay taxes? Before we go any further, remember this: it is a good idea to speak with a qualified estate planning attorney to ensure that you are paying all necessary taxes. Whether or not you are required to pay inheritance tax depends on how much money you are receiving, the state in which you live, and … [Read more...] about Taxes and Inheritances: Planning and Coping
Tim’s Timely Trust Tips
By Timothy P. Murphy © 2016 All Rights Reserved TIM’S TIMELY TRUST TIPS One of the goals of our new newsletter is to provide our clients with practical information so that their future affairs can be handled in an orderly, efficient and cost effective manner. In furtherance of this goal, we will periodically include columns, like this one, that include tips and reminders to help you prepare for the future. ALWAYS HAVE VALID I.D. In the course of our work, we often have to prepare … [Read more...] about Tim’s Timely Trust Tips
