Simply because you are particularly healthy at the moment, that does not mean you won't eventually need long-term care in the future. This is a common misconception shared by some Sacramento residents. You may not have health issues right now, but how can you predict how healthy you will be in 30 years? In fact, an unexpected injury could leave you with health issues that ultimately require long-term care, as well. More than two-thirds of all residents over the age of 65 need long-term care … [Read more...] about Understanding the Medi-Cal Process
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McDonald’s Employee with Down syndrome Celebrates 30 Years
A Placerville McDonald's just celebrated 30 years of employment for a very special employee. That special needs employee has Down syndrome. Customers at the Placerville McDonald's helped to surprise him at this celebration of his three decades of providing great service. His job is to "make sure everything is all cleaned," according to Voss. The best Lobby General in the business His job title is Lobby General and he is responsible for keeping the restaurant tidy. The customers have certainly … [Read more...] about McDonald’s Employee with Down syndrome Celebrates 30 Years
Creating a Trust that is Revocable
If you are considering whether or not to include a trust in your overall estate plan, you should first decide whether you want a revocable or irrevocable trust. Many people assume that, creating a trust that is revocable does not provide asset protection, so this type of trust is not very useful. However, that is not entirely true. As with any estate planning tool, there are advantages and disadvantages to using a revocable trust. The difference between an irrevocable and a revocable … [Read more...] about Creating a Trust that is Revocable
How Does Winning the Powerball Affect Estate Taxes?
The Powerball lottery, played in 44 States, Washington D.C., Puerto Rico, and the US Virgin Islands, often yields jackpots in hundreds of millions of dollars. While the odds may be slim, ordinary people still have the opportunity to win extraordinary sums of money through this lottery and many others. As many dream and plan about what to do with all those winnings, should they be so lucky, few seriously consider whether winning the Powerball will have any estate planning implications. On … [Read more...] about How Does Winning the Powerball Affect Estate Taxes?
Alternatives to Probate Sacramento Residents Should Know
For some clients, their primary goal in estate planning is to find a way to avoid probate court. Though that is true, most people are not really sure how to go about doing it. While estate planning can accomplish that goal, if you so choose, there are alternatives to probate Sacramento residents should be aware of so they can decide which methods to choose. First, what is involved in probate and why it may be necessary Probate is essentially an organized way to transfer ownership of property … [Read more...] about Alternatives to Probate Sacramento Residents Should Know
Medi-Cal Eligibility and Other Important Information
There is a common misconception that, if you are relatively healthy right now, you don’t need to consider future long-term care. While you may not have health issues right now, you cannot predict how healthy you will be 30 or 40 years from now. The reality is, an unexpected injury could leave you with health issues that ultimately require long-term care as well. More than two-thirds of all residents over the age of 65 need long-term care at some point in their lives. Therefore, it would be a … [Read more...] about Medi-Cal Eligibility and Other Important Information
An Unexpected Death Emphasizes the Importance of Estate Planning
Although it doesn’t happen often, the flu can kill. That is what happened to a 21-year-old in Citrus Heights less than 24 hours after his birthday. Almost immediately after his birthday celebration, Yuriy Yaroshenko began feeling ill and was rushed to the hospital. Despite several hours of intense medical treatment, his organs shut down from the high fever and he died. Sacramento County flu-related deaths According to Sacramento County officials, there have been only three recorded deaths … [Read more...] about An Unexpected Death Emphasizes the Importance of Estate Planning
California Resident Wins California Lottery Twice In One Week
A California resident, Rosa Dominguez, won the lottery twice in the same week. Only 19 years old, Dominguez purchased a $5 scratch-off lottery ticket and won $555,555. A few days later, she purchased another 5 scratch-off lottery ticket, this time winning $100,000. Although more than $600,000 is a lot less than the current Powerball jackpot, it still reminds us of the need to plan for estate taxes. Lottery winnings can affect estate taxes The Powerball lottery, played in 44 States, Washington … [Read more...] about California Resident Wins California Lottery Twice In One Week
The LGBTQ+ Community Must Plan for Retirement
It may be an unfortunate reality, but some believe that our LGBTQ+ community will face a retirement crises different than that of others. Despite the fact that same-sex marriage may currently be legal in this country, it is still wise for the LGBTQ+ community to take into consideration the unique estate planning issues they may possibly face. This should include dealing with the potential retirement issues that they will likely face in their golden years. We can explain some of the issues that … [Read more...] about The LGBTQ+ Community Must Plan for Retirement
What You Should Know About Contesting a Will
You may not be that surprised that contesting a will does actually occur. Regardless of your wish to avoid family disputes about who should get which property, those types of disagreements are sometimes inevitable. However, you can take certain measures to keep your family from contesting your will. Common reasons for contesting a will There are basically four different reasons most people decide on contesting a will. These four reasons include the fact that the will was not properly drafted … [Read more...] about What You Should Know About Contesting a Will
