Married couples in California who want to create an estate plan will have to think about a variety of issues together. When a single person develops an estate plan, he or she doesn't necessarily have to coordinate with anyone else about the choices the plan addresses. Married couples, on the other hand, should make it a point to speak to one another about these essential topics while they craft a plan. If you are married, or are considering becoming married, here's what you should consider when … [Read more...] about Estate Planning Issues for Married Couples
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Know What You’re Choosing When You Look at Elder Care Facilities
You may have heard about a recent news story where the staff at a California retirement home called 911 after a resident collapsed. But the staff didn’t assist the resident by performing CPR even after the 911 operator offered to give them instructions in the process. While this story has shocked many people, it is not entirely a surprise to many who have knowledge of the different types of elder care facilities available. For example, in California—where this facility was located—the staff may … [Read more...] about Know What You’re Choosing When You Look at Elder Care Facilities
Why is Probate Avoidance so Important?
It isn’t uncommon for some people to first realize that they need to create an estate plan after they come into contact with the often aggravating probate process, typically as a result of a family member passing away. Estate planning lawyers often tell clients that they should create an estate plan that does as much as possible to minimize probate. But why do they do this? Why is avoiding probate so important? Here are three main reasons. Money The probate process involves a probate court and … [Read more...] about Why is Probate Avoidance so Important?
Elder Law Increasingly Important as Boomers Age
Baby boomers planning to retire soon will probably not give a lot of thought to questions about where they’re going to live when they are elderly. But even younger senior citizens should take some time to consider elder law and the common issues that often affect elderly people and their families. Here are a pair of common questions about issues that people often confront as they, or their family members, get older. Question 1: What happens if I get Alzheimer’s disease? Alzheimer’s disease is … [Read more...] about Elder Law Increasingly Important as Boomers Age
Baby Boomers Getting Older, but Ignoring Potential Incapacity
10,000 of them celebrate their 65th birthday everyday, and as they age they will transform the American populace into one that is older and greyer. Yet the common mantra of “60 is the new 40” is, all too often, a crutch that baby boomers rely upon to avoid having to face some serious issues associated with aging. One of these important topics is taking the time to create an estate plan that includes advance health care directives. According to a poll conducted by the Associated Press last year, … [Read more...] about Baby Boomers Getting Older, but Ignoring Potential Incapacity
The Lawyer-Client Relationship in Estate Planning
The estate planning process is all about preparing for eventualities and possibilities. Some events, such as death, are inevitable, while others, such as medical incapacitation, are possible but not guaranteed. An estate plan should be able to handle both types of situations, as well as ensure that your goals are met. When you begin the estate planning process you should plan to sit down with an experienced and qualified estate planning attorney and discuss some fairly basic information. The … [Read more...] about The Lawyer-Client Relationship in Estate Planning
Don’t Have a Will? Now is the Time to Make One!
Many people put of their estate planning needs, and don’t even take the time to create a will. Depending on the size of your estate, a will can an important estate planning document that can allow you to achieve a number of things. If you choose to put off some of full estate planning, you should at least take the time to create this important estate planning document. Take a look at the information below, to learn more. If you have any questions, or if you’re ready to begin your estate … [Read more...] about Don’t Have a Will? Now is the Time to Make One!
Autism is Becoming Increasingly Common Amongst Children
About 10 years ago the Centers for Disease Control and Prevention estimated that one out of every 150 children will be diagnosed with an autism spectrum disorder, or ASD. Today that number stands at 1 in 88, making autism spectrum disorders much more common. April is Autism Awareness Month, so let’s take the time to better understand this important disorder and how it affects people. In families with children who have been diagnosed with an ASD, parents and family members are generally familiar … [Read more...] about Autism is Becoming Increasingly Common Amongst Children
The Active Gift Plan: An Often Overlooked Estate Planning Tool
One of the easiest estate planning tricks to take advantage of is the gift tax exemption limit. This limit allows you to give away a portion of your estate each year to family members without having to pay additional estate taxes. While giving away gifts is an easy estate planning tool to use, a lot of people ignore it even though there are several simple steps you can take to implement such a plan. Know your limits. A good plan starts by knowing how much you can, should, and should not give … [Read more...] about The Active Gift Plan: An Often Overlooked Estate Planning Tool
Californians Who Need an Estate Plan
Deciding whether or not you need an estate plan is one of the easiest questions to answer, because the answer is, invariably, yes. Every adult needs to begin estate planning as soon as possible regardless of your position in life. Whether you believe you don’t have anything to leave behind you after you die or believe you will create a plan on your own later on, the reality is that if you don’t have an estate plan in place today, you need to begin making one as soon as possible. New Parents A … [Read more...] about Californians Who Need an Estate Plan
