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Category Archives: Elder Law

10 Incentives to Write Your Estate Plan Today

Though many people don’t feel as though estate plans are for them, they may not realize how beneficial having an estate plan is. Elderlawanswers.com makes a compelling case for why creating an estate plan is important. Take a look at the following list to understand the value of estate planning, and get started on one [...]

Nursing Home in CA to Pay after Tenant Death

The Sacramento County Superior Court of  California just awarded his largest amount in elder abuse damages in the county’s history. After the death of a 79 year old tenant in a local nursing home, approximately $30 million in compensatory and punitive damages was awarded. The tenant had mild dementia, and was relocated to the home [...]

Wealth Gifts to Children: How a “Crummey Trust” May be Right for You

While still alive, many parents and grandparents wish to pass their wealth on to their children or grandchildren: these gifts are also a good way to decrease a taxable estate. In 2010, you can give a child or grandchild $13,000 a year without the subsequent incurring taxes, but you may not want the child directly [...]