Medicaid is a need-based government insurance program. Some funding and regulations come from the federal government, but the programs operate on a state-by-state basis. The California Medicaid program, Medi-Cal, provides health insurance coverage for vulnerable...
There are several benefits to entering into a business partnership. You and your business partner can divide the workload equally as well as share financial obligations. With that being said, running any business, even as partners, can be stressful. Disputes are bound...
Recently, we discussed some potential obstacles to consider when business succession planning involves family. Here, we’ll look at a couple of other issues to consider. Leaving the business to one or more people in the family has its advantages. One benefit is that...
The Benjamin Franklin quote that “nothing is certain except death and taxes” may be going through your head as you realize that, as the executor of the estate of a loved one or friend who passed away last year, you’re required to file their final income tax returns....
California’s Medicaid program, commonly referred to as Medi-Cal, provides essential healthcare coverage for low-income families and individuals. However, applicants must meet the eligibility criteria to qualify for this program. The look-back period is a crucial...
Business succession planning is a lot like estate planning. The two are related in that you can address both issues at the same time and under the guidance of the same representative. Many business owners try to create a succession plan alone or delegate the task to...
When most people think about estate planning, they often think about will drafting and asset distribution, which is true. The main function of an estate plan is so that testators can have their last wishes fulfilled. However, estate planning can be much more than...
A trust is a legal document that allows people to distribute assets according to their instructions without causing beneficiaries to go through probate or disputes. A revocable trust is one of the more common kinds of legal documents. Grantors can alter revocable...
Estate planning is a process that allows people to instruct how their estate is handled in anticipation of their passing. Estate planning has a lot of moving parts, which can be confusing when the testator has been misinformed about the process. Common estate...
When you're putting your estate plan together, one of the biggest decisions you have to make is who to name as your executor. Since the executor is the person who will be in charge of your estate as it goes through probate, you want the job to go to someone you trust...