Blog - Page 5 of 6 - LA Law Center, PC

Wealthy Individuals and Families and Keeping Their Estates in Order are Exhausted These Days!

Wealthy individuals and families have many options and concerns about protecting their assets and planning for retirement. In Los Angeles the cost of living and taxes are another big consideration in our plans. Older people with assets really need to talk to an asset protection attorney that understand asset preservation for long term care. Today's society seems exhausted by all of the choices and decisions they must make...read more

What Can We Learn from Robin Williams and His Estate?

It is important for everyone to make plans for your death...just in case!!! We see many celebrity families in major public court battles over assets, weather they have major financial value or sometimes even more important great sentimental value. It is extremely important to set up exact directions for distribution of personal effects and other assets, if there is more than one marriage involved in the family... or there is a significant

Senior Scammers… What Can You do?

Today’s Senior Scammers continue to try to dupe our older citizens by trial and error and when it works, they hit hard! They are very good at mostly phone calls that generally have an urgent nature with the target of getting money from an unsuspecting senior. As an adult child or loved one, you may be able to easily spot a scam, but elderly people are targeted and they may not tell you about the scammer. Talking to your senior loved ones and

WHAT IS A CALIFORNIA MEDI-CAL ASSET PROTECTION TRUST?

A Medi-Cal Asset Protection Trust is an Irrevocable Trust specifically created to hold assets (i.e. the home and savings accounts) to qualify for Medi-CAL Long Term Care Benefits and to prevent the State of California from “Medi-Cal Estate Recovery”. If set up properly and far enough in advance, a person’s entire estate can be protected and this person will have Medi-CAL help pay nursing home costs! “Estate Recovery” is the right of

California Medi-CAL Planning and Qualifying with Assets- Part Four

What You Do Not Know Can Hurt You!!! This is PART FOUR in our blog helping middle classed family members understand how to qualify for Medicaid (Medi-Cal in California) to pay part or all of the cost for skilled nursing home care. Always remember, you do not operate on yourself and we highly recommend that you get assistance from a qualified elder law attorney for your family’s Medi-CAL planning, allows you to legally qualify for the

Worried about Your Mom or Dad? Adult children need to step in…

It is always difficult to see a parent start to fail and need care at the end of their productive lives. It is important to begin planning for long term care and placement in an assisted living or skilled nursing facility before it is immediately needed. The family needs to talk with an experienced elder law attorney to legally decide on what the parent(s) wishes to do versus what is in the best interest of the senior loved one. Children are

Protecting Your Home from Medi-CAL recovery with an Irrevocable Trust… Legal Asset Protection!

In California, we are very lucky that Medi-CAL Asset Protection Irrevocable Trusts can be established by seniors (or persons facing the need for long term care) who wish to protect their assets (including the family home) from recovery from the State. Generally, anyone that is considering this type of pre-planning needs to have a sense of emotional security, because he or she must be ready to relinquish direct control over his or her assets. The

Why is a Power of Attorney (Health and Financial) Document so important?

Death or mental incapacity can strike at any time.Signing a Power of Attorney NOW, while healthy and competent will prevent the need for a conservatorship and possible loss of assets! With respect to creating these ‘NO MATTER WHAT DOCUMENTS’… there is no time like the present! There are two kinds of Powers of Attorney, one is for health care and medical decisions and the other is for financial decisions. Both of these are important

Is Medi-CAL Planning Ethical?

Some People Question if Medi-Cal planning is ethical and legal… We say absolutely!! We help Save Family Homes every day!! We define a Medi-Cal CRISIS as a medical situation where an ill or injured person is in the hospital and is being sent to a skilled nursing home for long term care and/ or has already been admitted to a nursing home… at this time of crisis, the family has been notified that the patient and/or spouse may have too many

California Medi-CAL Planning and Qualifying with Assets – Part Three

WHAT YOU DO NOT KNOW CAN HURT YOU! More Information on Protecting Your Home From Recovery & Having Medi-CAL Benefits to pay for Nursing Home Care! You can qualify for Medi-CAL with Your Home in Your Name, because it is an "Exempt Asset" but watch out for Medi-CAL Recovery after death! The state of California will try to seek Medi-CAL Recovery from any real or personal property or any other assets in which the individual had any legal