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Love and “Marriage”: Effects of Different Relationships on Your Estate Planning

By | Blog Home, Estate Planning

Many people assume that if you have been a couple for a long time in California, that you eventually become legally married under common law. California does NOT recognize common law marriage regardless of how long you have been together, and/or if you declare to others that you are married. Under California law, unless a couple is legally married or has a legal domestic partnership, the surviving life partner may not be provided for by the estate. Learn how to avoid this!

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Be Careful What You Wish For—Problems with naming Co-Trustees

By | Blog Home, Trust Administration

Stepping into the role of trustee can be emotional and stressful and disagreements may happen. The trust must dictate how the co-trustees need to proceed when they disagree. This could be by unanimous decision, majority rules, and in worse case scenario, a court must break a tie. Co-trustees is a risk that can lead to hurt feelings and family strife. Learn some tips on how to avoid this.

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Assisted Living Costs

By | Blog Home, Medi-Cal Planning

There are generally three types of fee structures: Flat Rate, Fee-for Service (may be called “point” system), and/or a hybrid, sometimes referred to as Levels of Care. Some places are creative in how they assess care charges but these three buckets will give you a general idea of what you are most likely to encounter in an Assisted Living environment.

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New Tax Fix AB Split – Your Living Trust May Be Too Complicated

By | Blog Home, Estate Planning

Federal estate taxes have been significantly decreased, effective as of Jan. 1, 2018. For single individuals, if you die in 2018, there is no estate tax imposed unless you own more than approximately $11.2 million. For married couples, the estate tax exemption is now over $22.4 million per couple. This exempt amount will continue to increase until Jan. 1, 2026, when the law automatically sunsets and the exemption returns to approximately $5 million per person. Learn more about the New Tax Fix AB Split.

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Avoid Caregiver Burnout

By | Blog Home, Trust Administration

It is incredibly important to recognize that you have emotional and physical needs, and to take preventative steps so that you do not compromise your personal well-being. If you do not fill your own cup, who will? If you are in need of some suggestions for caregiving resources in your area, please contact our office at (408) 286-2122. We are always here to help in any capacity we can, either as attorneys or as a resource.

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Advance Care Planning: Conversations, Healthcare Directives, and More

By | Blog Home, Trust Administration

When you are healthy and independent, it can be hard to imagine a life where you cannot make decisions for yourself. Change, however, can happen suddenly and it is important that you empower your family to speak for you if you have an accident or a serious illness. Talking with your loved ones now and proactively planning for the future is the best way to ensure that your desires will be respected.

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Be Prepared: Tips for Planning for Emergencies for Older Adults

By | Health & Wellness

Recent emergencies from hurricanes in the South to the devastating Wine Country fires in California are reminders that it is important to plan for natural disasters. This is especially important for older adults, their families, and their communities. Each person has unique abilities and needs, and it is important to understand how an emergency might affect your individual needs.

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