Family homes and other real property are usually the most valuable assets in an estate. While homeowners may want to leave these properties to children or other beneficiaries as part of an inheritance, tax burdens can throw a wrench into those plans. Unfortunately,...
Just about everyone knows or loves someone with a substance abuse problem. The detrimental effects impact many facets of American society. Sadly, we are seeing an upswing in the number of clients that have to deal with a loved one’s substance abuse in their estate...
Many senior citizens in California who travel during their retirement years worry about whether their estate planning documents will be accepted when they go outside of the state, particularly the Advanced Healthcare Directive. The good news is that an Advanced...
Roth IRAs are financial accounts that provide excellent retirement planning tax benefits and can help avoid probate here in Los Angeles County. For tax planning purposes, you should know that: The contributions made to a Roth IRA are not tax deductible, which is...
Many people believe that when they create an estate plan and sign an Advanced Health Care Directive document, they’re also signing a Do Not Resuscitate order, or DNR. However, a DNR is actually a health care document and is not provided by attorneys as part of an...
Just how safe are your legal documents, should a disaster strike? Just recently we’ve seen the massive destruction caused by forest fires here in California, while earlier this year we saw the havoc that was wreaked all across Florida by Hurricane Michael. People lost...
All adults should create advance directives at some point in their lifetime, preferably sooner rather than later. Advance directives, also known as designation documents, are documents that help you decide how your finances and health care decisions will be handled if...
The United States federal government offers several different benefit programs to senior citizens who lack financial resources for healthcare. However, VA Health Care benefits are only available to those people who served our country in the armed forces. If you are a...
Retirement planning should be on everyone’s minds, but it’s a difficult concept for many people to correctly grasp. You have to imagine what your income, expenses, and life changes will be like years down the road while trying to anticipate what the economic landscape...
Assisted living facilities are often a transitional step for senior citizens between independent living and the full care provided at a nursing home. Seniors can receive assistance with cleaning, cooking, laundry, and other tasks while still maintaining a level of...
