Three Expensive Estate Planning Mistakes

After spending a lifetime building wealth to leave to their heirs, many people fail to take the time to create a basic estate plan that ensures their assets are distributed in a manner in which they would approve. While those who do remember to create an estate plan ensure that their beneficiaries have an idea of how to handle their final wishes, some make major mistakes can lead to serious problems. When an estate Read More

Documents to Include in an Estate Plan

When the time comes to make an estate plan, most people fixate on writing their wills. While having a will is important since it ensures property is transferred in a manner that you approve, it is not the only thing that you need to worry about. To protect your family and your legacy it is important that you know what documents to include in an estate plan. Failing to include certain documents can create problems for Read More

Tips for Finding Lost Assets

Each year people pass away and leave behind assets that their heirs never receive. The reason heirs never receive the assets is not because they are barred from doing so; it is because they rarely know that the assets exist. With few adults in the United States leaving behind wills and many forgetting to include a complete list of assets in their accounts, it is surprisingly easy for property to remain unclaimed for Read More

How Property Disputes Harm Your Heirs

In December of 2017 French-born musician Jean-Philippe Leo Smet, commonly known as Johnny Hallyday, passed away leaving behind a widow and four children. Often referred to as the French Elvis Presley the musician resided in Los Angeles, California citing the high taxes in France as his reason for relocating to California. While living in California, Hallyday drafted a will that left his entire estate to his wife and Read More

Critical Issues to Consider When Composing Your California Estate Plan

Most people will focus their attention on the estate planning issues that come to mind first, such as who is entitled to what, whether or not to create a living trust to ensure that probate is avoided, and minimizing estate and gift taxes with proper tax planning. However, there is a list of smaller, but just as important, issues that are crucial to consider to ensure that your California estate plan is successful. Read More

Financial Scam Safeguards: Protecting Our Seniors

Elder abuse and neglect has been a sad topic in the news for many years now, from nursing homes that do not provide protections for elders in their care to scammers who often successfully financially drain vulnerable seniors. Because of the financial scams, in April 2015, the Financial Industry Regulatory Authority (FINRA), the organization in charge of regulating U.S. professionals and firms that sell securities, Read More

Are There Any Medi-Cal Recovery Limits?

There is no doubt that Medi-Cal recovery is a worry for many elders and their families. Fortunately, for those who have been worried about possible changes under a new president, Governor Brown signed into law a new bill called Senate Bill 833 (SB833), which has added protections for any senior estates that are subject for recovery under Medi-Cal. The new law, SB833, limits how Medi-Cal can recover from estates in Read More

Medi-Cal: Why Keeping Your Parents in California is Crucial

California Medi-Cal estate recovery laws are extremely complex and confusing, especially for out-of-state people who have parents living in California. If your parents live in California and you live in another state, it is crucial that you understand your parents’ rights and obligations under California legislation regarding Medi-Cal Estate Recovery reforms and SB833. At MMZ Law, we take pride in helping elders and Read More

Top Three Benefits of Establishing an Asset Protection Trust

Qualifying for Medi-Cal is one of the only ways some California residents can pay for their long-term health care needs. Unfortunately, if you apply for assistance while owning certain types of property the state of California has the right to seize these assets to pay for your care.  Sacrificing the property and money you have built a lifetime accumulating in return for medical care or assistance when you are Read More

How to Protect Your Assets From Medi-Cal

Medi-Cal is a program that provides medical insurance and income assistance to individuals who meet certain income requirements. These programs are especially important to those who are elderly and have mental or physical disabilities. Unfortunately, if a person who is receiving Medi-Cal has, or receives, assets such as cash, property, life insurance policies, or retirement funds, it is possible that some or all Read More