A will is a written document that directs how you want your property distributed after your death through probate court. In your will, you also appoint a trusted person to be your executor and guardians for your children. Your executor (or personal representative) is responsible for distributing your property according to the instructions you...
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Estate Planning
Wills
Special Needs Estate Planning
Laguna Hills Attorneys do skillful special needs planning for disabled adults or children.
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Asset Protection – Avoid Medi-cal Lien on Home
Asset Protection – Avoid Medi-cal Lien on Home 1. Avoid probate and State Medi-Cal recovery lien for nursing home costs. 2. Keep current income tax deductions on home. 3. Asset, creditor and divorce protection for the beneficiaries. 4. Keep control over most valuable asset even after disability. 5. No 60-month look-back period: can...
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Medi-cal Planning for Spouses
California law allows the community spouse to retain a certain amount of otherwise countable resources available to the couple at the time of application. This is called Community Spouse Resource Allowance (CSRA) and it increases every year according to the Consumer Price Index. The current (2010) CSRA is $109,560.
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Living Trust Saves Probate Fees
Although living trusts have been around for centuries, only recently have they achieved a high degree of popularity among the general public. The reason for this surge in popularity is that living trusts help to avoid probate. What is probate, and why is everyone trying so hard to avoid it? The short answer is...
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