Asset Protection for Middle Class Families Archives

2019 Medi-CAL Asset Protection… What You Do Not Know Can Hurt Your Estate!

It is very hard for the general public and even more difficult for family starting to deal with the failing health of loved ones to understand how important Medi-CAL Asset Protection Planning can be. We feel strongly that if you may face the need for Long Term Care and Skilled Nursing Care in the NEXT FIVE YEARS… you should call us to discuss Asset Protection for Medi-Cal Benefits TODAY!! Currently we can help you legally go under the five year

2019 ELIGIBILITY GUIDELINES FOR MEDI-CAL LONG TERM CARE BENEFITS (Nursing Home Care)

A Medi-CAL Long Term Care applicant must be in a skilled nursing home and be 65 years of age, blind or disabled to receive Long Term Care Medi-Cal benefits. A proper legal strategy in Medi-Cal eligibility planning will not only qualify our clients for Medi-Cal benefits while preserving assets in an Irrevocable Trust, but also provide asset protection from future Medi-Cal estate recovery (including the

Our office gets very busy just before and through the winter holiday! It may be warm and sunny in LA, but WINTER IS COMING! This means there is a lot of auto and airplanes trips planned. We love the fun of holiday planning, but want to make sure you have some very important documents in place in case of a tragic accident or health problem. LA LAW CENTER stays open through holidays because we get many adult kids come in Los Angeles to see

2018 MEDICARE OPEN ENROLLMENT OCTOBER 15^TH – DECEMBER 7^TH

The annual 2018 Medicare Open Enrollment period has started (on October 15) and will be open until December 7. This is important to always review your choices each year! As an elder law firm we want everyone to be aware of their medical coverage and how it might affect long term care if needed. Please do the following (If you are the adult child of a senior who cannot figure this out, you need to do this to help your parent(s): Gather all

Medi-CAL and the Five Year Look Back… How to Protect Family Home & Money and get help to pay for nursing home care!

If you think someone in your family is at risk of needing long term care in the next 5 years, it is critical that you totally understand how that an ill person’s estate can be moved and be able to qualify for Medi-CAL if it becomes the only way this person can be cared for 24/7. There are many questions in California about how people needing Medi-Cal can get help to pay for Nursing home long term care (averages $8,515 per month for custodial

NEW VETERANS AID & ATTENDANCE RULES ARE ON THEIR WAY!!!

New rules are taking effect on October 18, 2018 regarding VA Aid & Attendance Benefits for Wartime Veterans. The new rules have a 36 month look-back for transfer of assets and net worth has been more clearly defined. If you think you or one of your clients may need these benefits for care or Medi-CAL for nursing home care, you should speak with an Elder Law Firm that understands the new rules ASAP. Basically, if you or your clients are

What you DO NOT KNOW… CAN HURT YOU!!

“In the wild, animals will fight to the death to protect their loved ones. In today’s society, families can end up in medical crisis that can like a fight that as vicious as these creatures protecting their families. If you feel that you or a loved one may need Skilled Nursing home care in the next 5 years, you must call an experienced Elder Law firm to review your estate planning documents and to understand your options to get

What is the Difference between Living Trusts & Asset Protection Trusts in California? LA LAW Center in Burbank, CA has Answers!

Each state has its own rules regarding Estate Planning and Medi-CAL (Medicaid in other states). California has rules that allow gifting of assets to quickly qualify for Medi-CAL at the last moments of need. Many have questions about how to qualify and what are the differences between trusts. A Living Trust is a trust that plans for your death and will help avoid making your family endure a court intrusive Probate procedure. A Living Trust is in

Irrevocable Medi-CAL Asset Protection Trusts

An Irrevocable Medi-Cal Asset Protection Trust (MAPT) can be an effective estate planning tool for many families that are facing the need for long term care and need Medi-CAL to help pay for skilled nursing care in California. This irrevocable trust offers an alternative to those that can not get or afford long-term care insurance, allowing individuals or married couples to move certain assets into this special trust that will hold and manage

Why Do you Need a Power of Attorney?

If you become incapacitated and cannot handle your own financial decisions and transactions, today’s banks and financial institutions will require legal paperwork for someone to be assigned as your Personal Agent to help with financial matters... this is called a Power of Attorney. Without this document and lose of capacity on your part will make the financial institutions insist on getting a court appointed Conservator before they will