Trust & probate law firm Orange County with Darren Veracruz right now: Long Term Care & Medi-cal Planning: Most individuals and families want Medi-Cal to pay for long-term care or the preparation of the need for a skilled nursing facility (SNF), sub-acute facility or rehabilitation center. Medi-Cal is the only government program that will cover the cost of long-term care in a skilled care facility. The process of Medi-Cal planning is to properly protect the financial integrity of the individual(s) while getting them the benefits they currently need or might need in the future. Discover more information on Darren Veracruz Orange County, California.
Parents choose to leave an inheritance to their children for a number of reasons. They may want to make certain that their children are cared for if they are no longer present to support them, or they may wish to provide a solid financial foundation on which their children can build a bright future. Unfortunately, when it comes to an inheritance, not everyone is equipped to handle a windfall of cash — whether the amount is in the millions or thousands.
Top trust & probate law services Orange County by Darren Veracruz Law: The first document that every 18-year-old should have on board is a Durable Power of Attorney for finances. This document allows the designated agent to make financial decisions and manage accounts, among other things financial in nature, should an incapacity strike or it can be made effective immediately in the event a child is studying abroad. Sometimes parents need to sign financial documents for a child when their child is in another country or even sometimes in another state. We recommend two different types of power of attorney.
LSSSC currently holds fifty-three contracts with government entities in six (6) Southern California counties. As previously outlined, these services include but are not limited to outreach, case management, payee services, housing counseling, SSI/SSDI outreach and enrollment; emergency services, emergency shelter, hotel/motel voucher, permanent housing, rental assistance, transitional housing, mental health services, victim services, and senior services. LSSSC continues to remain in good standing as a contractor with these government agencies.
Distribute – Depending on the decedent’s instructions, the next thing you are going to do is distribute the firearms to beneficiaries or get rid of them. The safest and simplest way to transfer a firearm from one person to another, even in distribution of an estate, is through a Federal Firearms Licensee (FFL) who also has the necessary California licenses to deal in firearms. Not only do such dealers know firearms, but they can carry out required background checks on intended recipients.
The second document is what we call a California Statutory Power of Attorney. This is the document that most banks and financial institutions are familiar with and therefore we recommend it. However, it doesn’t cover the universe of things that could or might happen, so we typically recommend augmenting that with a second documents, an expanded Durable Power of Attorney that is custom drafted. The third document that is critical to have as part of your child’s estate plan is the HIPAA Authorization for Release of Information. A properly drafted global HIPAA allows the nominated parties to receive medical information about the condition of the person who has signed the release. If your child is injured and taken to the hospital, the hospital is technically not supposed to release information about their condition or even that they’re at the hospital to anyone. But if your child executes this release, you can fax this to the hospital or present it in person and they will be able to release information to you. Read additional information at estate planning law firm Orange County.