If you are planning ahead for retirement, including estate planning and long-term care — congratulations! That is something that everyone in California should do. But the problem is, how long do you plan for? What year might you run out of money? Or more importantly, what year could you begin to need your long-term health care? …. Read More
What is a wealthy American to do? A temporary Internal Revenue Service tax exemption that was passed in 2010 is set to expire at the end of 2012. Will it be renewed? Will it truly expire? Only Congress knows for sure, and even they don’t know. Those who wish to pass along $ 5.12 million …. Read More
Thomas Kinkade was a relatively young man. At age 54, he no doubt thought he had time to create more art and enjoy life with his girlfriend, to whom he was engaged. One of the things standing in the way of that enjoyment was the fact that he was not yet divorced from his wife …. Read More
As you near retirement, advice is everywhere you look. From AARP to your next door neighbor in Calabasas, to your dentist — everyone has an opinion. So what should you do? One good idea is to work with a trusted professional. And that means comprehensive estate planning that uses wills, trusts, powers of attorney, health care …. Read More
It is the rare person in California or anywhere who is glad to lose a parent or grandparent. However, a piece of good news connected with the loss of a loved one, is a potential inheritance. A recent study titled “Do People Save or Spend Their Inheritances? Understanding What Happens to Inherited Wealth,” looks at estate …. Read More
Recently, a same-sex couple thought they were doing everything right. They had been together nearly 25 years and were married in San Francisco when it became legal to do so. They each named the other as beneficiary on life insurance policies. Their property was in both their names. However, they moved to another state that …. Read More
Rosa Parks taught us many things. Stand up for yourself even if you must stand alone. Sit by yourself and others will join you. Live a life of goodness and leave the world a better place. She reportedly said, “Each person must live their life as a model for others.” Today, our Los Angeles readers …. Read More
In our previous postings we have discussed the prevalence of Alzheimer’s disease among the elderly, and also the importance of considering all of one’s options as part of thorough and detailed estate planning. One of the means to ensure one will be taken care of, and not be a burden to one’s family, is to …. Read More
On behalf of Louis Pacella, Attorney at Law posted in Wills on Thursday, May 17, 2012 Estate planning uses wills, trusts, powers of attorney, health care directives and other documents to make certain that when we pass away (in Los Angeles at a ripe old age) that our wishes are honored regarding not only our possessions, but …. Read More
Mother’s Day is coming up and it is a time when many reflect about their mothers and their importance to us. Maybe you take her out to lunch in Los Angeles. Perhaps you buy her a gift. Few will have the difficult conversation they should be having — Alzheimer’s disease. Those of us in our …. Read More
