Attend An Advanced Estate Planning and Asset Protection Workshop Estate and Asset Protection Attorney Michael J. Young, holds workshops every month in Walnut Creek. At the workshops, Mr. Young first discusses basic estate planning and then advanced estate planning. Basic estate plans are designed for what happens when you die. This part of the discussion includes how a revocable […]
Author Archives: Walnut Creek Elder Law
Intestate Rights of a Married Person
03
Jun
Jun
Next Seminar: Tuesday June 25, 2019 2:00pm – 3:30pm Walnut Creek Library Oak View Room 1644 N. Broadway Walnut Creek, CA 94596 How to get Medi-Cal coverage for your nursing home care… Without selling your home or leaving your family without a dime… Surprising ways to pay for your assisted living and long term care […]
08
May
May
What Are The Intestate Rights Of Inheritance Upon The Death Of A Married Person PROBATE: Click on this podcast to find out what you will inherit from your spouse when he or she dies. You may be surprised at some of the answers. This information is not to be taken as legal advice. For probate […]
08
May
May
When and Under What Circumstances Should You Update Your Estate Planning Documents?? We are often asked, “When and under what circumstances should we update our estate planning documents?” One of the first things you should check for in your revocable living trust and financial durable power of attorney, are Medi-Cal and government benefits asset […]
08
May
May
Next Seminar: Tuesday May 21, 2019 2:00pm – 3:30pm @ Heather Farm Community Center Club Room 301 N. San Carlos Dr. Walnut Creek, CA 94598 “How to get Medi-Cal coverage for your nursing home care… without selling your home or leaving your family without a dime… Surprising ways to pay for your assisted living and […]
Some people are of the belief that if they give away an amount equal to the current $15,000 annual gift tax exclusion amount, that this gift will be exempted from Medi-Cal’s 30 month look back penalty period. This notion is incorrect.
Of course, pre-planning at the earliest opportunity is the best way to assure that Medi-Cal will grant your application, should you need to file at a later time.
If the decedent is single, all assets in the decedent’s name alone can be distributed through a probate proceeding.
The ill spouse, or applicant spouse, cannot have more than $2,000 in his/her name, of non qualified assets. The well spouse can have up to $123,600 in non-qualified assets.