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January 2018 Archives

The details of your living are important for your future care

If you have a will, you may think that is all you need to have a complete estate plan. In reality, many California residents benefit from additional estate planning tools that allow them to have more control over certain conditions, such as how assets are used after their death or health care planning. 

What does it mean when an estate is depleted?

As a beneficiary of a will in California you are not only entitled to the material wealth your loved one set aside on your behalf, but you are also responsible for carrying out their wishes as intended. However, you might encounter barriers to these processes in the form outside forces significantly diminishing the value of the estate.

How much does probate cost in California?

While many people avoid probate if possible in California— often through the use of robust estate planning and trusts— you might be in a position where it is either preferable to go through probate or unavoidable to enter probate considering the final configuration of the estate. Many people in your position have the same first question: How much will probate cost? While this price varies depending on the complexity of your estate holdings, there are some legal guidelines that might give you an idea of how much you should expect to pay for the resolution of the estate.

Estate planning for children with special needs

As a California parent of a special needs child, you face unique estate planning needs that differ broadly from those faced by parents whose children who not have disabilities. At the Law Offices of Alice A. Salvo, we have a comprehensive understanding of the important estate planning considerations special needs parents face, and we have helped many clients plan for their futures, and those of their children.

Utilizing estate tax portability

One of your goals throughout your life has no doubt been to take advantage of the work that you do in Woodland Hills to save up assets to benefit your future generations. Several of those that we here at The Law Offices of Alice A. Salvo have had the privilege of working with shared to same goal, only to come to us concerned that their estates would be greatly depleted by taxes. It is a legitimate concern, but one that you may not even need to worry about. 

Could a trust help you qualify for Medi-Cal?

When you reach your older years and time of retirement, you may find yourself among the many individuals who need long-term care. Numerous issues could result in the need for this care, such as mental deterioration, serious illness or injuries. Unfortunately, incapacitating events are not uncommon for individuals over the age of 65, and the costs of receiving care can often prove difficult to address.

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Law Offices of Alice A. Salvo
20350 Ventura Boulevard
Suite 110
Woodland Hills, CA 91364

Phone: 818-676-9572
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