Recently Passed CA Proposition 19 – How it Affects Homeowner Property Taxes
The recent passage of California Proposition 19 means substantial changes to the manner in which real property is reassessed in California. These changes will bring greater flexibility to certain property owners who are over 55 or the victims of natural disasters but...
The New Medi-Cal Recovery Laws
I wish you a Happy, Prosperous, and Healthy New Year. For individuals who die prior to January 1, 2017, the current recovery rules will apply, however, a new day will arise starting January 1, 2017. Starting January 1, 2017, homeowners will longer have to choose...
The Top 10 Benefits of a Comprehensive Power of Attorney
The benefits of a highly detailed, comprehensive power of attorney are numerous. Unfortunately, many powers of attorney are more general in nature and can actually cause more problems than they solve, especially for our senior population. This article is intended to...
10 Benefits of a Medi-Cal Asset Protection Trust
Never before has there been such a rapid growth in people turning 65 years of age or older and these seniors are expected to live longer than any previous generations. Living longer also means higher medical costs. Many parents spent most of their lives working to pay...
What’s the difference between Revocable & Irrevocable Trusts?
California laws allow you to create trusts that will spare your heirs from the horrific, expensive and time consuming probate process. There are two categories of trusts: revocable trusts and irrevocable trusts. It is crucial to understand the advantages and...
Medi-Cal Planning Preserves Homes for Children
How to Protect Your Loved One's Home from a Medi-Cal Claim Aging is inevitable, but lucky for us, medical technology continues to improve, which has increased our life expectancy. As we live longer, long-term medical care costs continue to raise. The super wealthy in...
Homeowners: 2016 New CA Law to Protect Your Home from Probate
In California, there are a variety of ways to hold title to your home that will dictate who will become the new owner of your home when you die. Starting January 1, 2016, California homeowners can add a new way of holding title to their homes called the "Revocable...
Most Famous Tax Loophole for Real Estate Owners
Real estate owners buy real estate hoping to accumulate and build wealth for themselves and their families. However, some real estate owners are not aware of the biggest tax loophole when it comes to passing their real estate wealth on to their families. The most...
Real Estate Asset Protection
Did you know that you can create legal entities that you can use to protect you real estate assets? This article is a summary of the common ways of vesting title in legal entities that real estate investors use for asset protection. Three legal entities that you can...
How Medi-Cal Can be Dangerous to Your Home?
Many homeowners who are under the California Medi-Cal health plan are concerned about whether their homes will be taken away from their children after their deaths because they used Medi-Cal during their lives. Although, California is one of the most liberal states...