Preparing for Northern California Incapacity: Part 2 of 2 from Timothy Murphy Is the only way to guarantee that you will be protected if you become incapacitated. Learn more about Preparing for Northern California Incapacity in this presentation. … [Read more...] about Preparing for Northern California Incapacity: Part 2 of 2
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Preparing for Northern California Incapacity: Part 1 of 2
Preparing for Northern California Incapacity: Part 1 of 2 from Timothy Murphy Some people, such as adults with significant cognitive disabilities, never have legal capacity. Learn more about Preparing for Northern California Incapacity this presentation. … [Read more...] about Preparing for Northern California Incapacity: Part 1 of 2
Who Can Act As an Agent Under a Power of Attorney?
You should consider possible incapacity when you are planning your estate. If you do nothing to prepare for this contingency, the state could ultimately appoint a conservator to manage your affairs if you do become incapacitated. On the other hand, you could proactively avoid this fate if you were to execute legal documents called durable powers of attorney. A durable power of attorney (POA) is used for incapacity planning purposes because this specific type of POA would remain in effect if the … [Read more...] about Who Can Act As an Agent Under a Power of Attorney?
Is Northern California Probate Always Required?
Is Northern California Probate Always Required from Timothy Murphy Probate is a legal process that you should be aware of when you plan your estate. Learn more about Northern California probate in this presentation. … [Read more...] about Is Northern California Probate Always Required?
What Is a Northern California Revocable Living Trust
What Is a Northern California Revocable Living Trust from Timothy Murphy These trusts provide you with efficient control of the resources while you are alive and well. Learn more about Northern California Revocable Living Trust in this presentation. … [Read more...] about What Is a Northern California Revocable Living Trust
Can I Take Back the Assets in a Medi-Cal Trust?
Medi-Cal is a government program that is relevant to many seniors who were never poor, although it is a need-based program. This is because Medi-Cal pays for long-term care, and most seniors will need it at some point in time. Medicare does not pay for living assistance. Since Medi-Cal is a need-based program, there is an asset limit. For an individual who is applying for Medi-Cal coverage to pay for nursing home care, the limit on countable assets is $2000. A Medi-Cal trust can be utilized if … [Read more...] about Can I Take Back the Assets in a Medi-Cal Trust?
Free Report: Is California Probate Always Required?
Probate is in place to provide oversight, but it is time-consuming, and it can be expensive. As a result, it does not always benefit the heirs to the estate. Topics covered in this report include: Payable on Death Accounts Life Insurance Proceeds Joint Tenancy Revocable Living Trusts Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Is California Probate Always Required?
How Can a Business Owner Protect Assets?
If you are a business owner, you may wonder how you can protect assets that you have earned from litigious types. There are a couple of different ways that you can protect assets if you own a business, and one of them would be through the creation of a limited liability company. With a limited liability company, the actions of the company would not be connected to your personal property. Property that is in your personal possession could not be attached if there was a legal judgment against … [Read more...] about How Can a Business Owner Protect Assets?
Does Medi-Cal Pay for In-Home Care?
Medi-Cal is a health insurance program that is in place to provide a resource for financially needy individuals. The program is offered nationally, and it is called Medicaid elsewhere. Medi-Cal is important for many people who were never poor, because it will pay for a stay in a assisted living facility, and indirectly, it will pay for in-home care. Many seniors would prefer to remain in their homes if they need help with their activities of daily living. This is understandable on a number of … [Read more...] about Does Medi-Cal Pay for In-Home Care?
Free Report: Do I Pay Taxes in Northern California When Someone Leaves Me Money
Some people think that an inheritance tax and an estate tax are the same thing, but there are differences. As we stated previously, and estate tax is levied on the entirety of the non-exempt portion of an estate. Topics covered in this report include: Federal Estate Tax Inheritance Tax State-Level Estate Tax Income Tax Capital Gains Tax Insurance Policy Proceeds Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Do I Pay Taxes in Northern California When Someone Leaves Me Money
