Your estate plan should take many things into consideration, most especially if you have a loved one on your inheritance list who has special needs.
Estate planning is not a one-size-fits-all, cookie-cutter affair. There is no one estate plan that is going to be suitable for every family, because each situation is unique.
We practice law in California, and there is no state-level estate tax in our state, but there is a federal estate tax. This tax carries a 40 percent top rate that can significantly impact your family’s financial future if you face exposure.
Like many people, you may choose to include a trust in your overall estate plan. The benefits and uses of a trust are extensive, including things such as probate and tax avoidance, incapacity and MaineCare…
Estate matters are handled by the probate court. If you use a last will to state your final wishes, the probate court would supervise the administration of the estate.
If you have health insurance through your job or through your own personal relationship with an insurer, you may naturally assume that Medi-Cal is something that is not relevant to you. Plus, if you will qualify for Medicare when you reach the age of 65,