Having trouble deciding whether you should register as an organ donor or not? Lets lay down the facts to help you better understand how the entire process of organ donation works, so that you may make an informed decision. Roughly 145 Million people are registered organ donors. Now, despite the fact that many people register…
Natural Death (Part II) Previously, we discussed the issue of energy in the termination of life process. In this newsletter, I want to discuss the critical topics of nutrition and hydration. These issues are greatly misunderstood by much of the public based on the fact we aren’t aware of the ramifications of Natural Death. In a 60 Minute…
According to various sources, 60% of us will require some form of long term care during our lifetime. Another 50% of us will be involved in providing some form of long term care for a family member during their lifetime. Do you or your parents have an established long term care plan? Why should you?…
A Step By Step Approach Part I When it comes to taking care of estate planning business, most clients are paralyzed by procrastination. Procrastination has cost the American public more than any tax bill ever enacted. We can hear something or see something that we, admittedly, need to accomplish for the benefit of ourselves or…
If you are acting as an agent under a Healthcare Durable Power of Attorney (DPA) or Advanced Health Care Directive (AHCD), you should note the following ALERT. You could be a target as a Defendant in a lawsuit should you fail to notify the DMV of your principal’s inability to properly operate a vehicle due…
1) Uniform Durable Powers of Attorney (UDPA) Changes in California Law The following are recent legislative changes under the Uniform Statutory Durable Powers of Attorney (UDPA) for California. The following powers need to now be specifically included in the UDPA: 1) The powers of an agent to create, modify, or revoke a Trust; 2) The…
Pull up a chair, you’re gonna need it. North Dakota has now actively joined the ranks of states who are resurrecting filial support laws to enable state authorities to collect judgements against children for the parents’ nursing home debts. A filial support law was recently upheld in Pennsylvania in the case of Health Care and…
Part 1 The VA pension benefits for vets and spouses are a valuable source of funding for assisted living and home care, especially the aid and attendance benefit. Unlike Medi-Cal, these pensions are designed to benefit in these settings rather than in a nursing home. Planning for these benefits requires close scrutiny of what is…
Life changes. Times change. People change. Law changes. Because of these realistic facts, our documents must be updated. The child initially appointed as the Successor Trustee and Executor of the estate may now be unavailable for health reasons, family problems, financial issues, etc. It may be necessary to change the order of Successor Trustees. The…
The IRS has become more stringent on Trusts as beneficiaries of IRAs in allowing payouts over a beneficiary’s life expectancy. If there are multiple beneficiaries in the Trust, the Trust must be qualified as a “designated beneficiary” in order to allow distribution over the life expectancy of the oldest Trust beneficiary. Designating Living or Family…
Capital Gains Tax on Appreciated Assets Although the housing market has declined or leveled off for most of San Diego County, many homes continue to hold significant capital gain. With that in mind, it is important how you hold title to the home and how you transfer it to heirs. For example, if Jake and…
Many people believe that Living Trusts are only for the wealthy and “Trust fund” children/grandchildren. Living Trusts can be designed for anyone who owns assets, especially real estate. Because the home is normally a person’s most valuable asset, it should be owned in a Trust to avoid the awesome probate rules in California. If you…