Open communication with your loved ones about your estate plan is vital for all generations. However, for boomers, it holds even greater importance. Discussing your wishes for long-term care, asset distribution, and healthcare decisions can help alleviate stress and ensure a smooth transition for your family when the time comes.
Category Archives: Estate Planning for Baby Boomers
Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Brentwood Senior Law Attorney, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay Nursing Home Care Walnut Creek, Trust Attorney Walnut Creek
Medi-Cal Community Spouse Resource Allowance (CSRA) As of January 1, 2018
When one spouse applies for Medi-Cal, the state will look at the assets of both spouses for qualification of the ill spouse. As of January 1, 2018, the community spouse, also known as the “at-home” spouse, or the “well spouse”, may retain up to $123,600 in liquid assets. The ill spouse cannot have more than […]
Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Baby Boomer Estate Planning, Elder Law Attorney Walnut Creek, Estate Planning Attorney, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Probate Attorney Walnut Creek, Senior Law Attorney Walnut Creek, Trust Attorney Walnut Creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
Preventing Financial Elder Abuse – Wait Three Days Before Signing Anything
How to Prevent Financial Elder Abuse – Wait Three Days Before Signing Anything: When I was a child and I earned some money, a hole would immediately start burning in my pocket. I would be excited and tell my mother what I wanted to buy with the money. She would tell me to think about […]
Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Baby Boomer Estate Planning, Baby Boomer Estate Planning, Brentwood Elder Law Attorney, CA Attorney Asset Protection, Contra Costa Nursing Home Attorney, Elder Law Attorney Contra Costa, Elder Law Attorney Walnut Creek, Elder Law Estate Planning, Estate Planning for Baby Boomers, Estate Planning in California, Hospice Care Walnut Creek, Medi-Cal Attorney Pleasant Hill CA, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Walnut Creek, nursing home costs, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Probate & Trust Administration, Probate Attorney Contra Costa County, Probate Attorney Walnut Creek, Probate Attorney Walnut Creek CA, Probates with Real Estate, Qualification for VA Aid & Attendance, Senior Law Attorney Walnut Creek, senior law walnut creek, Special Needs Trusts, Sustainable Estate Planning Walnut Creek CA, Uncategorized, VA Aid & Attendance Attorney Walnut Creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
California Still Has A 30 Month Look Back for Gifting
California still has the 30 Month Look Back Penalty Period for Gifting. There is a federal law known as the Deficit Reduction Act (DRA), which has a 60 month look back penalty period. However, California has not to date implemented that law. Medi-Cal eligibility workers are required to use the 30 month look back period. […]
Baby Boomer Estate Planning, Baby Boomer Estate Planning, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, falling, Hospice Care Walnut Creek, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Probate Attorney Walnut Creek, Probate Attorney Walnut Creek CA, Senior Law Attorney Walnut Creek, senior law walnut creek, Special Needs Trusts, VA Aid & Attendance Attorney Walnut Creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
How Much Can I Have In IRA’s and Still Qualify for Medi-Cal?
We are often asked the question as to how much you or your spouse can have in IRA’s and 401k’s and still qualify for Medi-Cal. The Medi-Cal applicant, or the ill spouse, can have any amount of IRA’s, 401k’s etc. These are so-called “qualified funds.” The only requirement is that the Medi-Cal applicant must be […]
Alzheimer's Medi-Cal, Baby Boomer Estate Planning, Baby Boomer Estate Planning, CA Attorney Asset Protection, Contra Costa Nursing Home Attorney, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Medi-Cal Qualification, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Probate Attorney Walnut Creek, Probate Attorney Walnut Creek CA, Senior Law Attorney Walnut Creek, Special Needs Trusts, VA Aid & Attendance Attorney Walnut Creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
Using An Annuity For Medi-Cal Eligibility For Spouses
In previous blogs, we have discussed various techniques, within the regulations, for obtaining Medi-Cal qualification for an ill spouse, when the couple has excess assets. These techniques include “spending down,” gifting and filing a court petition to obtain an order that allows the couple to keep all of their assets. In certain circumstances, especially between […]
Alzheimer's Medi-Cal, Baby Boomer Estate Planning, Baby Boomer Estate Planning, Brentwood Attorney Senior, Brentwood CA Asset Protection Attorney, Brentwood Elder Law Atorney, Brentwood Elder Law Attorney, Brentwood Nursing Home Attorney, Brentwood Senior Law Attorney, CA Attorney Asset Protection, Elder Law Attorney Contra Costa, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Brentwood, Medi-Cal Attorney Pleasant Hill CA, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Medi-Cal Planning & Qualification, Nursing Home Attorney Brentwood, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Probate Attorney Contra Costa County, Probate Attorney Walnut Creek CA, Senior Law Attorney Walnut Creek, senior law walnut creek, Special Needs Trusts, VA Aid & Attendance Attorney Walnut Creek, VA Attorney Brentwood, VA Attorney Walnut creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
Medi-Cal Recovery Will Be Limited to Probate Estates after January 1, 2017
We have recently blogged about the new legislation Governor Brown signed, effective January 1, 2017, which changes the rules regarding recovery by the state for payments it has made to nursing homes for Medi-Cal recipients. Under the old law, the only way we could avoid recovery was to ensure that there was nothing in the […]
Aid & Attendance Brentwood, Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Baby Boomer Estate Planning, Brentwood Attorney Senior, Brentwood CA Asset Protection Attorney, Brentwood Elder Law Atorney, Brentwood Elder Law Attorney, Brentwood Nursing Home Attorney, Brentwood Senior Law Attorney, Elder Law Attorney Contra Costa, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Brentwood, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Senior Law Attorney Walnut Creek, senior law walnut creek, Sustainable Estate Planning Walnut Creek CA, VA Aid & Attendance Attorney Walnut Creek, VA Attorney Walnut creek, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
John Hancock Has Dropped Traditional Long Term Care Insurance – But All Is Not Lost!
Forbes Magazine has recently reported that John Hancock is the latest insurance company to drop out of the traditional long term care insurance market. John Hancock has been one of the largest providers over the years, having sold some 1.2 million traditional long term care insurance policies. It is estimated that there are now less […]
Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Baby Boomer Estate Planning, Baby Boomer Estate Planning, Brentwood Attorney Senior, Brentwood Elder Law Attorney, Brentwood Nursing Home Attorney, Elder Law Attorney Contra Costa, elder law attorney Pleasant Hill, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal attorney, Medi-Cal Attorney Brentwood, Medi-Cal Attorney Pleasant Hill CA, Medi-Cal Attorney Walnut Creek, Medi-Cal Gifting Walnut Creek, Nursing Home Attorney Brentwood, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Senior Law Attorney Walnut Creek, senior law walnut creek, Special Needs Trust, Sustainable Estate Planning Walnut Creek CA, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
Elder Law Attorney Michael J. Young attends National Conference for Elder Law and Estate Planning Attorneys in New Orleans, LA
FOR IMMEDIATE RELEASE Walnut Creek, CA – Elder Law and Asset Protection Attorney Michael J. Young traveled to New Orleans, LA, from October 28-29, 2016 to meet with forty other leading elder law attorneys from across the nation. Through discussions, strategic visioning and personal goal setting, the attorneys explored professional practice development, employee development and […]
Aid & Attendance Brentwood, Alzheimer's Care, Alzheimer's Medi-Cal, Asset Protection Attorney Walnut Creek, Baby Boomer Estate Planning, Baby Boomer Estate Planning, Brentwood Attorney Senior, Brentwood CA Asset Protection Attorney, Brentwood Elder Law, Brentwood Elder Law Atorney, Brentwood Elder Law Attorney, Brentwood Nursing Home Attorney, Brentwood Senior Law Attorney, Contra Costa Nursing Home Attorney, elder law attorney Pleasant Hill, Elder Law Attorney Walnut Creek, Estate Planning for Baby Boomers, Hospice Care Walnut Creek, Medi-Cal Attorney Pleasant Hill CA, Medi-Cal Attorney Walnut Creek, Medi-Cal Attorney Walnut Creek CA, Medi-Cal Gifting Walnut Creek, Medi-Cal Planning & Qualification, Nursing Home Attorney Brentwood, Nursing Home Attorney Walnut Creek, Parkinson's disease Walnut Creek, Pay for Cost of Long Term Care Walnut Creek, Pay Nursing Home Care Walnut Creek, Pleasant Hill Elder Law Attorney, Pleasant Hill Senior Law Attorney, Probate Attorney Contra Costa County, Senior Law Attorney Walnut Creek, senior law walnut creek, Special Needs Trusts, Sustainable Estate Planning Walnut Creek CA, Walnut Creek Elder Law, Walnut Creek Medi-Cal Qualification
Consider A Joint Checking Account With Your Parents
Many older people insist on handling their own financial affairs without assistance, for as long as as possible. This is admirable, but what if something bad happens to the older person, like a medical event which lands the older person in the hospital, and ready access to cash is needed? And, what if the older […]