Estate Planning Articles
Some of these articles have been written by our law firm and other articles are written by the American Academy of Estate Planning Attorneys and compliments of our law firm. Any feedback or questions about the articles can be addressed by contacting our office.
Estate Planning When You’re Child Free Compliments of The Hayes Law Firm: Estate Planning, Probate, Medi-Cal Trust, and Elder Law Attorney Written By: The American Academy of Estate Planning Attorneys (William K. Hayes) Between 1980 and 2010, the number of women over the age of 40 who opted to forego motherhood doubled from 10 percent […]
There are few things more precious than the relationship between grandparents and grandchildren. Be sure you leave them with more than just memories. Proper estate planning is a great way to make the most of your gifting efforts.
Legacy planning goes beyond typical estate planning and focuses on protecting not only a family’s assets but their personal legacy, such as family values, stories and heirlooms.
It is not uncommon that a loved one is being cared for by a spouse close in age, so it is important to ensure they will continue receiving care even after their spouse is gone. An estate planning attorney can advise and assist with taking the necessary step to secure the future of your loved ones, especially those in need of special care and assistance.
Incorporate gifting to your loved ones as a way of reducing your overall annual tax burden, but be sure you do it in such a way that it maximizes your goals.
For many, one of the most complicated and awkward conversations is likely a discussion around funerals. Preplanning for a funeral can be the ideal opportunity to start a conversation, and if you’re a Medi-Cal recipient, it’s even more important.
Don’t leave your future, your children’s, or your estate’s future up to chance. Learn about the odds of incapacitation and death, and how a comprehensive estate plan can tip the balance in your favor.
Do the Medi-Cal gifting rules and asset transfer penalties have you confused? If so, you are not alone! Unfortunately, failing to understand the rules and penalties could result in your ineligibility for benefits right when you need them the most. The answers to several common questions may help you gain a better understanding of Medicaid’s rules and penalties.
Nursing homes have historically resisted the concept of Medi-Cal planning based on the assumption that patients who engaged in Medi-Cal planning were trying to avoid paying their bills. In recent years, many nursing homes have started to rethink that position as they realize that Medi-Cal planning is often in their best interest as well as the patient’s.
Most estate plans can benefit from the addition of a Medi-Cal planning component that helps ensure eligibility for Medi-Cal to help cover the high cost of long-term care (LTC) in the future. One of the many tools in the Medi-Cal planning arsenal is compensation paid as part of a personal services contract.