Category Archives: Pay for Cost of Long Term Care Walnut Creek

Our Estate Plans Change As We Age

Most people I meet have a basic estate plan that is designed for younger people. The plan typically consists of a revocable living trust, pour over wills, financial durable powers of attorney, and health care directives. These plans were typically designed some years ago. The emphasis on that planning was to ensure that if the […]

Alzheimer’s Disease – The 10 Warning Signs

Every 70 seconds someone is diagnosed with Alzheimer’s disease. The Alzheimer’s Association has a list of the 10 warning signs of Alzheimer’s disease, as follows: Memory changes that disrupt daily life. Challenges in planning or solving problems. Difficulty completing familiar tasks at home, at work or at leisure. Confusion with time or place. Trouble understanding […]

Don’t Be A Victim Of Fraud and Financial Abuse

A 2013 study published by the MetLife Mature Market Institute estimated that elders are defrauded of approximately $2.9 billion dollars annually. The reason for this seems to be that older people are too trusting of strangers. My own father, who was in sales his entire life, was too easily talked into buying things he did […]

You Can Self-Insure For Your Long Term Care

Through our elder law firm, you can explore the possibility of self-insuring for your long term care, using what are referred to as “legacy assets.” Your portfolio may contain assets that you are not presently relying upon for your support, and that you keeping for a “rainy day.”  In the back of your mind, the […]

Medi-Cal Gifting Language For Your Revocable Living Trust by Michael J. Young Elder Law Attorney

Most revocable living trusts do not have the required asset protection and gifting language for Medi-Cal qualification which is needed if the maker of the trust becomes mentally incapacitated. Click below to see Walnut Creek elder law attorney Michael J. Young explains more below about the specialized language. Walnut Creek Elder Law Attorney Michel J. […]

Elder Law Attorney Michael J. Young discusses life insurance as it pertains to Medi-Cal and long term care planning

Click here to watch elder Law Attorney Michael J. Young discuss life insurance as it pertains to Medi-Cal qualification and long term care planning There are several things you should know with regard to life insurance and qualification for Medi-Cal. In addition, there are long term care opportunities using life insurance policies. Click above to […]

Medi-Cal, Capital Gains and the Home

In previous blogs, we have discussed how we can establish the home as an “exempt asset” for qualification for Medi-Cal. Your elder law attorney can help you take the steps necessary to exempt your home and help you qualify for Medi-Cal. However, if your home is in your estate when you pass away after having […]

Medi-Cal Covers “Skilled Nursing Facilities”

It seems that many people are under the assumption that Medi-Cal pays for all kinds of housing for an older persons. This is not the case. Medi-Cal pays for nursing home care in “skilled nursing facilities.” There must be a doctor’s order that the applicant’s stay in the nursing home is “medically necessary.” The applicant […]

Will Medi-Cal Let Me Make Gifts To My Wife Without Penalty?

Will Medi-Cal Let Me Make Gifts To My Wife Without Penalty? YES!  For qualification for Medi-Cal, there is presently a 30 month look back period for making gifts. But this look back period does not apply between spouses. We have discussed in previous blogs how to properly transfer the home between spouses in order to […]

Will Medi-Cal Take My Home?

We often receive calls in our office from people asking, “Is Medi-Cal going to take my home?” The answer to this question should be NO through proper long term care planning with your elder law attorney. To understand the issues involved, we must first look at the Medi-Cal regulations. In addition we must confirm that […]