Category Archives: Retirement

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Medi-Cal, Spending-Down, and the “Half-a-Loaf” Strategy

Medi-Cal eligibility workers routinely tell Medi-Cal applicants that they must spend-down all of their savings on paying for nursing home care, until they only have $2,000 left, at which point they will finally qualify for Medi-Cal. This is Medi-Cal’s “preferred … Continue reading

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How to Fix the Home Transfer Tax Trap!

In my last blog, I talked about the Home Transfer Tax Trap. Sometimes, when people try to save their homes from Medi-Cal estate recovery claims, they just make matters worse, because they do not think through the estate tax and … Continue reading

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Don’t Fall Into the Home Transfer Tax Trap!

I like to tell my clients that Medi-Cal planning is lot like playing chess. It’s easy to understand how all the little pieces are supposed to move, but there are literally billions of ways to play the first few moves … Continue reading

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More About Beneficiary Designation Forms

It is critical to understand that your Will or your Living Trust does NOT control who is entitled to inherit your IRA or 401(k) after you die. You must have an up-to-date Beneficiary Designation Form for each one of your … Continue reading

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Beneficiary Designation Forms: Common Mistakes

You have a Living Trust and have correctly funded your cash and money market accounts, home and other real estate, and personal affects to the Trust. But, what about those assets that transfer by contract, not by trust, such as … Continue reading

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I Have a Living Trust – Now What? Part 1: Fund the Trust

So now that you have created a Living Trust, you most likely have in your possession these six essential financial documents: (1) the Living Trust Agreement, (2) the Pour-Over-Will, (3) the Durable Power of Attorney, (4) the Grant Deed, (5) … Continue reading

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What You Need to Prepare Before Your Estate Planning Meeting

Congratulations on making an appointment for your Initial Estate Planning Meeting! Now, it is time to prepare for that meeting, and to do what you can to make that meeting as productive and enjoyable as possible. 1. Think about your … Continue reading

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Plan for Your Retirement Benefits!

For most clients, their retirement benefits are a very significant asset, whether it is a 401(k), 403(b), or just a regular IRA. Many retirement plans have been built up over decades of contributions. These contributions grow on a tax-deferred basis, … Continue reading

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The Family Business – Will It Continue?

Only 40% of family owned businesses survive into the second generation, 12% into the third, and 3% into the fourth. One reason for this low rate of survival is often the younger generation’s lack of interest in carrying on the … Continue reading

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Does Your Loved One Need In-Home Assistance?

It is sometimes difficult to know – and even more difficult to admit – that someone we love is becoming unable to care for themselves. In most cases, the signs develop gradually, and they may not be easy to spot, … Continue reading

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