When most people think about the need for an estate plan, they focus on the need to plan for how their estate will be handled after their death. While ensuring that your estate is handled according to your wishes after you are gone is certainly reason enough to create an estate plan, there is another equally important reason – planning for the possibility of incapacity. If incapacity does strike, who will manage your estate assets? Incorporating an incapacity planning component in your … [Read more...] about Are There Alternatives for Managing Property When Someone becomes Incapacitated?
How to Use a Living Trust As an Incapacity Planning Tool
Most people focus on the possibility of their own death when they set out to create an estate plan. While you certainly should plan for that possibility in your estate plan, your plan should also contemplate the very real possibility of your own incapacity. You may think of incapacity as something you need only worry about as you get older; however, the reality is that incapacity can strike at any time. With that in mind, a California living trust attorney explains how a living trust can be used … [Read more...] about How to Use a Living Trust As an Incapacity Planning Tool
Riverside Estate Planning Attorney and Certified Financial Planner Discuss Financing Long Term Care
The cost of long term care is soaring. Providing care in the home can easily cost more than $10,000 per month, depending on the level of care needed and whether an agency is used or you privately employ the caregiver. Board and care facilities in Riverside County and San Bernardino County can easily cost from $2,500 to $6,000 per month. Assisted Living Facilities in the same area start at about $3,000 per month, and specialized memory care units can range from$5,000 to $8,000 monthly. How can … [Read more...] about Riverside Estate Planning Attorney and Certified Financial Planner Discuss Financing Long Term Care
Former First Lady’s End of Life Decision Brings Attention to Comfort Care
Incapacity Planning An article in USA Today focuses on a news release by the Kaiser Foundation about former First Lady Barbara Bush's decision to seek comfort care prior to her death on April 17, 2018. The article applauds Mrs. Bush's courage in bringing attention to the matter of the level of care sought by those who are terminally ill. Barbara Bush, age 92, had been battling congestive heart failure and chronic obstructive pulmonary disease for years prior her death. Ellen Goodman, … [Read more...] about Former First Lady’s End of Life Decision Brings Attention to Comfort Care
Riverside Probate Lawyers Explain Options
Many people assume that a last will is the only logical way to facilitate asset transfers if you are not very wealthy. They are aware of the existence of trusts, but they are under the impression that trusts are only used by millionaires who have very complicated estates. The lawyers at our estate planning law firm hear this all the time. We find that their clients are quite surprised when all of the facts are explained to them. When you create a Will, you name an executor to administer the … [Read more...] about Riverside Probate Lawyers Explain Options
Elder Law Lawyers Preserve Legacies
Elder law lawyers help clients address the eventualities of aging, and these attorneys are going to be busy over the coming years. People that were born between 1946 and 1964 are referred to as “baby boomers.” An unprecedented number of babies were born during this interim, and now they are attaining senior citizen status. In fact, the Social Security Administration is accepting about 10,000 applications for benefits every day, and this volume is expected to persist into the foreseeable … [Read more...] about Elder Law Lawyers Preserve Legacies
Parkinson’s Awareness Day
Parkinson's Awareness Day is April 11 this year. Parkinson's disease is a disease in which the nerves degenerate, predominately affecting the nuerons that produce dopamine in the part of the brain called the substantia nigra. The cause of the disease remains largely unknown. People with Parkinson's disease may experience: (a) tremors, mainly while at rest; (b) slowness of movement; (c) limb rigidity; and (d) gait and balance problems. While Parkinson's Disease itself is not fatal, complications … [Read more...] about Parkinson’s Awareness Day
Probate Law, Powers of Attorney, and Incapacity Planning
As a probate law firm, we have a thorough understanding of matters that are handled by the probate court. This court serves a very valuable purpose, but strangely enough, it can be a good idea to avoid it in some cases, and this can be done through the proper planning. One role of the probate court would be to appoint a conservator if it ever becomes necessary. This is an individual that would be empowered to make decisions on behalf of an incapacitated adult. The clients we serve reside mainly … [Read more...] about Probate Law, Powers of Attorney, and Incapacity Planning
Riverside Estate Planning Attorney Studies Business Succession Issues and Strategies
Riverside estate planning attorney Dennis Sandoval will attend the Riverside County Estate Planning Council this week to hear Susan Rounds, Director of the Wealth Planning Group at Deutsche Bank Wealth Management - Americas, based in Los Angeles. Ms. Rounds talk will be on Successful Succession of the Privately Held Business and Wealth. The membership of the Estate Planning Council of Riverside County consists of attorneys, certified public accountants, certified financial planners, professional … [Read more...] about Riverside Estate Planning Attorney Studies Business Succession Issues and Strategies
Riverside Estate Planning Attorney Attends Special Needs Planning Conference
Special Needs Alliance Conference Riverside estate planning attorney Dennis M. Sandoval is one of only eight California attorneys who are members of the Special Needs Alliance, a nationwide nonprofit membership organization whose special needs planning attorneys assist persons with disabilities with Special Needs Trusts and other types of planning designed to maximize and preserve government assistance. He will be attending the Special Needs Alliance annual conference, which will be held in San … [Read more...] about Riverside Estate Planning Attorney Attends Special Needs Planning Conference
