Category Archives: Elder Law

Who should be successor trustees of your living trust?

Elder Law, Living Trust

In selecting a successor trustee for a living trust, people often gloss over the complications involved and think in terms of such broad generalizations as “manage my estate” and “take care of my beneficiaries.” In reality, a trustee performs very specialized functions. The trustee must prudently invest assets, consider distribution requests, keep accurate records, file … Continue reading Who should be successor trustees of your living trust? →

Your durable general power of attorney is an essential part of your estate plan

Elder Law, Estate Planning, Powers of Attorney

In planning  how to have your financial affairs managed by others if you become unable to manage your financial affairs, it’s not enough simply to have a revocable living trust because there are many financial transactions that legally cannot be handled by the trustee of your living trust. For example, if you become incompetent, your … Continue reading Your durable general power of attorney is an essential part of your estate plan →

Who will be in charge of your estate if you have no estate plan?

Conservatorship, Elder Law, Estate Planning, Probate

California law states who has priority to serve as administrator of your probate estate if you died without a will and with a California estate large enough to require a California probate. Specifically, a person in the following relation to the decedent is entitled to appointment as the California administrator in the following order of priority: … Continue reading Who will be in charge of your estate if you have no estate plan? →

2012 Medi-Cal Rates

Elder Law, Health Care

Community Spouse Resource Allowance (CSRA):  $113,640. Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,841 Annual Private Pay Rate (APPR):  $7,092 Skilled Nursing Facility (SNF) Coinsurance:  $144.50 per day for days 21-100 Resource Allowance:  $2,000 Personal Needs Allowance:  $35