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

WHAT YOU DO NOT KNOW CAN HURT YOU! Gifting Your Home Directly to Your Children Can Have Negative Consequences…. If Not Handled CORRECTLY!  Be Careful!!! Many families think they can avoid probate and avoid Medi-CAL recovery by directly gifting their home to their children or other loved ones. This can be done, BUT!!... gifting away your residence can have major tax consequences and capital gains issues among other possible problems if it is

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

WHAT YOU DON’T KNOW CAN HURT YOU!... OR COST YOU YOUR ESTATE!  We are passionate about saving a family’s hard earned assets and not impoverishing a well spouse when someone’s health starts to fail! We hope you continue to check our blog to learn more about the many kinds of asset protection you may wish to be aware of! Extremely wealthy families do not worry about Nursing Home Care costs, but most middle classed family facing the

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Strategies to Protect Estate Assets and Avoid Probate

Protecting estate assets involves engaging in estate planning strategies prior to death. In the U.S. all estates must undergo probate unless assets are transferred into a trust. Probate can extend for several months and prevent heirs from receiving intended inheritance gifts if the estate does not have sufficient funds to cover outstanding debts. When estate assets are transferred to a trust they are exempt from probate. Distribution of

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Business Lawyers in Orange County Saving your Business

Business owners understand that they have to deal with worrying about lawsuits against clients. But do they ever expect lawsuits against other businesses, or over contract disputes? Today, people are finding any reason possible to get what they think they deserve. Having a business in Orange County is no longer as simple as it used to be. That is why there are great business lawyers in Orange County that are willing to make everything

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