KNX 1070 Radio & LA Law Center “The Costs of Elder Care:  The Race Against Time Radio Show!”

As experienced Elder Law Attorneys and Medi-CAL staff, we are very pleased to be a part of a radio series on CBS KNX 1070 and KFWB 980 in Los Angeles, called ‘The Costs of Elder Care: The Race Against Time!’ This radio series program gives a lot of unknown information to the public regarding paying for  long term care in nursing homes and protecting family assets including the family home while qualifying for Medi-CAL (Medicaid). Our

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Protect Your Assets!! What You Do Not Know Can Hurt You!

  Protect your assets!  Just like the busy squirrels that are always hiding and protecting their nuts! We work hard for our assets and need to think about the possibility that there is always someone thinking of a way to get them from us. Over 19 million new lawsuits are filed in the United States every year.  A great number of these lawsuits can frivolous and trying to settle for a fast buck. California has a reputation for siding

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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

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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

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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

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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

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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

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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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