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April 2018 Archives

Understanding what a trustee does before choosing one

Many people put off estate planning because they don't want to think about their own deaths. Others put it off because they think it's only necessary for rich or old people. Then others put it off because they are overwhelmed by the choices they need to make and the variety of options.

What is a Medicaid spend-down?

If your parents are elderly California residents and you fear that you may one day have to make the painful decision to move them out of their home and into an assisted living facility or nursing home, you should begin planning for this eventuality as soon as possible. Since your parents likely are not wealthy enough to afford the extraordinary costs of assisted living or nursing home care, applying for Medicaid may be their only option.

Estate planning dos and don'ts

Estate planning is probably not the most entertaining activity for most Californians; however, planning appropriately the first time around can prove beneficial in a number of ways. Regardless of one's life chapter, the details to planning a will can seem overwhelming. The following information dives into the topic of estate planning and gives a few ins and outs of this legal and financial process.

How can undue influence invalidate a will?

If you are like many people in California and across the United States, you created your last will and testament while you were of sound mind and body. When writing your will, you determine who you want to have your possessions and finances upon your passing. In some cases, however, there may be people who try to influence you to make drastic changes in your will, especially as you grow older. This is referred to as undue influence, and it can invalidate a will if it is found you were not making the changes and decisions on your own accord.

A power of attorney may protect you from financial abuse

You may still have all your mental faculties, but as you get older, you might worry that someday you will be unable to make financial decisions. What will happen then? At the Law Offices of Alice A. Salvo, we are prepared to answer the questions of California residents who are concerned about preserving their loved ones' inheritance or protecting an elder from abuse.

Does your loved one's estate need probate or administration?

When a beloved family member dies, you may know that many different affairs will need addressing. You may wonder whether you have the right or ability to help handle those remaining tasks, and the answer to that question may depend on whether your loved one created a will or other estate planning documents.

How to get through the stress of being an executor

If you have recently been named the executor of an estate, you may be feeling undue pressure and stress at the task that looms before you. You may feel that you do not have time to undertake the position while juggling your normal day-to-day responsibilities. Becoming organized and aware of what is going on around you can help simplify this somewhat complicated process.

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