Most workers in the U.S. no longer count on employer-sponsored pensions to fund their retirement. Instead, many of them rely on self-funded retirement options such as Individual Retirement Accounts (IRAs), 401(k)s, and other tax-deferred retirement accounts. An IRA is a tax-advantaged retirement account that you own and control. Earnings generated can compound on a tax-deferred basis until withdrawal. In essence, an IRA is like having your own personal pension that you and/or your employer may … [Read more...] about What Happens to Your Retirement Account When You Die?
Don’t Forget to Update Your Estate Plan after a Divorce
Creating a comprehensive estate plan is one of the most meaningful gifts you can give to both your loved ones and yourself over the course of your lifetime. Don’t make the mistake of stopping there though. Once that plan is in place, it needs to be reviewed and updated on a routine basis. It may also need to be updated when certain events call for a revision. For example, a Riverside estate planning lawyer explains the importance of updating your estate plan following a divorce. Routine Reviews … [Read more...] about Don’t Forget to Update Your Estate Plan after a Divorce
Do I Need an Attorney to Help Me Administer a Trust?
Were you recently informed that someone named you as the Trustee of a trust he or she created? If this appointment came as a surprise to you, you are not alone. Ideally, when a trust is created, the trust creator should discuss the position with a potential Trustee before naming that person in the trust agreement. Unfortunately, however, that doesn’t always happen. Now that you find yourself as a Trustee, do you need an attorney to help you? The Riverside trust lawyers at Sandoval Legacy Group, … [Read more...] about Do I Need an Attorney to Help Me Administer a Trust?
How Do I Become My Mother’s Conservator?
For an adult child, it can be heart-wrenching to watch a parent succumb to the physical and mental deterioration that often accompanies the aging process. If you find yourself in that position, and you have reached the point where you are genuinely concerned for your mother’s safety, it may be time to consider petitioning for conservatorship. If you are unfamiliar with the concept, a Riverside conservatorship lawyer explains what it means to become your mother’s conservator and how the process … [Read more...] about How Do I Become My Mother’s Conservator?
5 Documents that Should Be in Every Estate Plan
A well thought out estate plan can accomplish a variety of inter-connected goals. Along with ensuring that your estate assets are distributed according to your wishes after you are gone, your estate plan can also do things such as plan for the possibility of incapacity, provide for minor children in your absence, and protect assets from all kinds of potential threats. Given the unique nature of estate planning, no two estate plans will be exactly the same. Nevertheless, there are some common … [Read more...] about 5 Documents that Should Be in Every Estate Plan
Tips for Preventing Estate Disputes between Siblings
For most people, one of the primary reasons to create an estate plan is to ensure that their estate is distributed according to their wishes after they are gone. Another reason is to reduce the likelihood of confusion and conflict after they are gone. If you have adult children, you undoubtedly want to do all you can to prevent disputes between them after you are gone. While there is no way to accomplish that goal with 100 percent certainty, the following tips will help prevent estate disputes … [Read more...] about Tips for Preventing Estate Disputes between Siblings
What Are 529 Plans and What Are Their Advantages?
What are 529 plans? Can they be held in trusts? Read on to learn more about these plans and why to consider them. What Are 529 Plans and What Are Their Advantages? … [Read more...] about What Are 529 Plans and What Are Their Advantages?
Entertainment Mogul Sumner Redstone Settles Lawsuits Involving Allegations of Elder Abuse
Although elder abuse is not a new problem in the United States, as the sheer number of seniors continues to increase at historic rates, more and more people are becoming aware of the problem. An increasing number of lawyers known as elder law attorneys have begun to specialize in this area of the law. Dennis M. Sandoval is one of the most respected elder law attorneys in San Bernardino and Riverside Counties. He has served as President of the Southern California Chapter of the National Academy … [Read more...] about Entertainment Mogul Sumner Redstone Settles Lawsuits Involving Allegations of Elder Abuse
Will Medicare and Medi-Cal Pay for Assisted Living and Nursing Home Care?
As we age, the natural aging process typically causes physical and/or mental deterioration that can make it more difficult to remain independent. At some point, it may become unsafe to remain alone in your home without assistance. The type and level of assistance a senior may need, however, can vary greatly. Some seniors only need help around the house a few times a week while others require around the clock medical care and monitoring. For seniors who need more extensive care, the options are … [Read more...] about Will Medicare and Medi-Cal Pay for Assisted Living and Nursing Home Care?
Riverside Elder Law Attorney Quoted in USA Today Dementia Article
Riverside elder law attorney Dennis Sandoval was quoted in a recent USA Today article entitled Families' Best Defense for Dementia is Early Planning. In the article attorney Sandoval describes his law firm's involvement as the court appointed attorney in a contested conservatorship proceeding for famous rhythm and blues singer Etta James. … [Read more...] about Riverside Elder Law Attorney Quoted in USA Today Dementia Article
