A retirement transition can mean a new way of working, a new kind of lifestyle, even a new address. When you find yourself moving from one phase of life to the next, professional advice and comprehensive estate planning will help you to protect and preserve what's important in your life. John Zarcaro is committed to helping you protect the people and values you cherish.
He's an estate planning attorney who can help you leave a lasting legacy for your children and grandchildren. Tour this site to learn about the value John provides for couples and families who want to leave enduring legacies. He's an elder law attorney who can help you protect your home and other assets from being consumed by long-term care costs.
He's an estate planning attorney who can help you leave a lasting legacy for your children and grandchildren. Tour this site to learn about the value John provides for couples and families who want to leave enduring legacies. He's an elder law attorney who can help you protect your home and other assets from being consumed by long-term care costs.
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Comprehensive estate planning covers nearly every aspect of life. It begins with protecting yourself and your personal dignity, and extends to protecting your loved ones and your hard-earned assets. Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age.
Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Issues of aging include senior housing and home care, long-term (or nursing home) care, guardianships and health care documents, Medicare and Medi-Cal (California Medicaid). As our population ages, more and more of us confront elder law-related issues, whether for ourselves or our parents.
One of the goals behind Medi-Cal estate planning is to protect your countable or non-exempt assets (assets other than your home) from being consumed by long-term care costs. Keep in mind that nursing care can exceed $200,000 a year and most people who suffer a catastrophic illness or disability are forced to apply for Medi-Cal.
The primary goals of Estate Planning are to avoid probate, protect assets and save death taxes. A Family Trust will typically be used by married couples to accomplish these goals. When the deceased spouse's interest in the estate exceeds the estate tax exemption, the excess passes to a Marital Deduction Trust for the benefit of the surviving spouse.
Irrevocable Trusts play a significant role in long-term care estate planning. In California we use Irrevocable Trusts to protect countable or non-exempt assets from being spent down on nursing home care. We also use Irrevocable Trusts in conjunction with a Family Limited Liability Company or together with a Family Limited Partnership in order to protect assets and save death taxes.
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