by Christine | Oct 31, 2013 | Estate Planning, Loans, Mortgage, Real Estate, Trustee, Trusts |
Borrowing from a trust can be an alternative to taking a jumbo mortgage, defined as above $417,000 in most markets and $625,500 in some high-price areas such as New York and San Francisco. In some cases, a trust can buy the home outright. A mortgage tends to...
by Christine | Oct 30, 2013 | Advanced Health Care Directive, Elder Law, Estate Law |
Most of the time, patients who have advance directives — somewhere — and don’t bring them to the hospital have simply left them at home. But lawyers’ offices and safe deposit boxes are also popular locations. All of which are useless if a person can’t direct his own...
by Christine | Oct 29, 2013 | Estate Planning |
Talking to your adult kids about your finances and how you plan to divvy up your money after your death may be one of the most important conversations you'll ever have. But … the majority of families aren't comfortable talking about money—at least with...
by Christine | Oct 28, 2013 | Debt, Estate Law, Estate Planning, Probate |
Can a bank collect a credit card debt owed by your deceased parent or spouse? The answer depends on a range of factors, from whether it was a joint account to where the deceased person lived. Although probate can put some undo stress on an already stressful...
by Christine | Oct 25, 2013 | Asset Protection, Estate Planning, Inheritance, Small Business |
Sudden wealth can be a life-changing experience that can improve your life and the lives of those around you, but only if you keep it. Those with more assets are bigger targets for lawsuits. Don’t let your sudden wealth suddenly get stripped from you. Protect your...
by Christine | Oct 24, 2013 | Estate Plan, Estate Planning, Trusts, Wills |
Before he died in 2010, at the age of 90, Albert made out a will – with a clause. Which brings us back to the Ravenholt family reunion. To receive their share of Albert's wealth, his nieces and nephews are required to attend … Just as in life, the...
by Christine | Oct 23, 2013 | Alzheimer's, Dementia, Elder Law, Estate Planning |
"Family members are already on emotional overload—adding a financial and legal decision aspect to what they're already going through is enormous," said Carol Steinberg, president of Alzheimer's Foundation of America, a national nonprofit focused on...
by Christine | Oct 22, 2013 | Elder Care, Elder Law, Medi-Cal Long Term Care, Medicaid |
The death of a Medicaid recipient's spouse can affect the amount of assets the Medicaid recipient has, and therefore his Medicaid eligibility. Scenario: One spouse, the institutional spouse, is in a nursing home and is qualified to receive Medicaid benefits to pay...
by Christine | Oct 21, 2013 | Elder Law, Medicare, Open Enrollment |
Medicare’s open enrollment season begins Tuesday October 15. Making the right choices might save you, or your parents, hundreds or thousands of dollars. Medicare open enrollment period began as of October 15, and beneficiaries have until December 7 to find the right...
by Christine | Oct 18, 2013 | Business Sale, Estate Law, Family Business, Small Business |
There are three main strategies business owners can (and should) use in order to maximize the amount of money they put in their pockets when they sell their companies. Your business is your livelihood. It may also be your family's source of revenue. So if you are...
