Accessing an Elderly Parent’s Bank Account With Siblings Money’s the most significant reason adult siblings will fight over their Elderly Parent’s Bank Account. Joint bank accounts can undoubtedly lead to disagreements. If one of the siblings is a primary caregiver or might help their aging parents manage the finances and pay their bills, it could…
The HOA Law The HOA Law: HOA conflicts are so common, and the cases have gotten so costly and entangled that there are precisely hundreds of laws in each state meant to cover the rights of both the HOAs and the individuals. Sadly, this is where the interpretation of the law can emerge primarily. For…
Elder Law Attorneys can make sure that older persons or seasoned individuals receive whatever help or care they may need in ways that best make way for family.
Homeowners Association A homeowners association is put into place by the community developer before the initial sale of the homes. The Covenants, Conditions, and Restrictions (CC&Rs), also called the Declaration, is recorded in public records and sets forth the detailed rules of what might be called membership or property ownership within the community. There is…
What is a Homeowners Association Law? Homeowners Association Law is relative to the enforcement and creation of organizations and their rules that manage community associations related to maintaining the association’s value and appearance. Most homeowners associations and condominiums consist of a typical association of members selected and voted for on the Board of Directors. Membership…
What is Probate? Probate Explained: Here is the best description we find of what probate is according to Wikipedia, “Probate is the judicial process whereby a will is ‘proved’ in a court of law and accepted as a valid public document that is the true last testament of the deceased, or whereby the estate is…
What Skills Will You Need? The Executor to Settle an Estate – The best trustees and executors are patient, kind, careful, considerate, unquestionably honest, organized, and a desire to do a good job. Executors must get along with people, especially the other beneficiaries, and need a reasonable amount of time to spare. You should expect…
Elder Law Planning Who Might This Help? An elder law attorney might qualify people for Medi-Cal long-term nursing home care in these types of situations: An 85-year-old mother diagnosed with dementia and is in the hospital currently owns a home worth $600,000 and has $8,000 in savings. Immediately meeting with an attorney could protect most…
PROP 19 CHANGES Prop 19 Changes Certain Property Tax Rules – California voters gave the state’s 1978 law to limit property taxes a makeover on November 3, 2020, passing a measure that gives exemptions to the disabled, older homeowners, and wildfire victims. However, it takes away property tax breaks from people who inherit homes but…
GRAT A grantor retained annuity trust (GRAT) is an efficient way for a donor to transfer asset appreciation to beneficiaries without using or using a minimal amount, of the donor’s gift tax exemption. After the donor transfers property to the GRAT and until the expiration of the initial term, the trustee of the GRAT (often…