If you have pets, consider including them in your estate plan. In doing so, your documents can address: Who will take your pets if you die or become incompetent? Who will find them a good home? How will the costs of your pets be handled? Regarding who will take your pets or who will find … Continue reading Planning for Your Pets
We recommend that you review your estate plan every year to ensure it accurately reflects your wishes. In reviewing your estate plan in 2021, ask yourself the following questions to determine whether your plan is current or whether it needs to be reviewed and updated: 1. Has your health, finances, family situation, or your inheritance … Continue reading Top 10 Reasons to Review Your Estate Plan in 2021
California Advocates for Nursing Home Reform (known as “CANHR”) is a highly respected California nonprofit with a plethora of excellent educational resources about Medi-Cal payment of long term care. If you want to learn more about how the Medi-Cal program (known as Medicaid in the other 49 states) works when it comes to such care, … Continue reading Article: Overview of Medi-Cal for Long Term Care
On November 3, 2020, Californians voted to pass Proposition 19. This amendment to the California constitution will have a huge, negative impact on preserving low property tax rates in property transfers between parents and children by substantially narrowing which transfers will qualify for the exclusion once Prop 19 takes effect on February 16, 2021. Previously, … Continue reading Prop 19: Huge Changes to the Parent-Child Property Tax Exclusion Starting February 16, 2021
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, was signed into law by President Trump on December 20, 2019 and went into effect on January 1, 2020. Amongst other things, the Act includes provisions aimed at increasing access to retirement accounts in the hope that it … Continue reading The SECURE Act & Your Retirement Plan Beneficiaries