Bankruptcy for Mature Adults It’s called your “golden years” but for many seniors and baby boomers, there is no gold and retirement savings are too often insufficient to maintain even basic living standards of retirees. In fact, a recent study by the University of Michigan found that baby boomers are the fastest growing age group … Read More
The House Ways and Means Committee agreed to the tax provisions of the $3.5 trillion Build Back Better Act (BBBA) on September 15, 2021. If you’ve been following the political news, you may be wondering how this legislative act might affect you—and especially your estate plan. At California Probate and Trust, PC in Fair Oaks, … Read More
Many senior citizens are hesitant to think about the possibility of requiring long-term health care. While this reluctance is natural, it is vital to know the facts: hundreds of thousands of elderly Californians currently reside in long-term nursing facilities. Many of these people are paying for their custodial healthcare out of pocket. Unfortunately, by the … Read More
One common question is: Does every estate need to go through probate, and how long can estate distribution take? Estate planning can be an emotionally loaded topic for many people. Apart from the natural fears and difficult decisions involved in making a will and appointing an executor, people regularly reach out to us during the … Read More
R. Dustin MacFarlane, Estate Planning and Elder Law Attorney, and Founder of the Fair Oaks California-based law firm, California Probate and Trust, PC, has released a guide designed to help children of elderly parents deal with Medicare. Entitled, The Five Critical Steps to Take When Mom’s Medicare Runs Out, it takes readers through a step-by-step … Read More
When potential clients begin to discuss estate planning, we attorneys often hear similar concerns repeatedly. They do not want to burden family members who may provide care, especially in a serious illness. They do not want the government to control their real estate or personal property when they die. They want to make sure the … Read More
Senator Chris Van Hollen of Maryland has proposed new legislation that could significantly impact wealth preservation and estate planning strategies used by wealthy families. It is called the Sensible Taxation and Equity Promotion Act. One of the most significant issues under this law change is that when a wealthy person passes away, the estate of … Read More
Are you looking for ways to maximize your estate planning and ensure that you have a comprehensive plan in place? Plenty of people in California turn to the benefits provided by a living trust to accomplish these goals. A living trust attorney can help you decide how to start your living trust and give you … Read More
Are you interested in using estate planning tools to accomplish your personal goals and make the transfer of property to your loved ones as easy as possible? A revocable living trust can achieve multiple things at once; for that reason, it is a popular estate planning tool. Proper estate planning calls on you to hire … Read More
A power of attorney (POA) refers to a document in which you name an agent or an attorney-in-fact to make decisions on your behalf if you become incapacitated and unable to make these decisions for yourself. A power of attorney is one of the cornerstone documents inside a California estate plan that can give you … Read More