David Wade | Law Firm Newswire

Roseville, CA (Law Firm Newswire) November 30, 2016 – Effective Jan. 1, 2017, claims by California Medi-Cal Estate Recovery will be decreased to the minimal amount required under federal law. The reduction applies to those who receive Medi-Cal and who die on or after Jan. 1, 2017. The new legislation, SB 833, was signed by Governor Jerry Brown on June 27. Under federal law, the state is required to obtain an adjustment or recovery from a person’s estate for nursing facility services if the person was permanently placed in an institution. The state also had the option to secure an […]


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Roseville, CA (Law Firm Newswire) November 8, 2016 – The increasing life span for many Americans translates into the need for more financial support as they age. While men live an average of 76 years, women, on average, live for 82 years. This is a significant increase over what it was just a few decades ago. If people fail to plan for those extra years, this can end up causing great financial stress and pose a threat to the ability of the elderly to continue having a high quality of life. According to a study published by the American Association […]


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Roseville, CA (Law Firm Newswire) May 9, 2016 – There are many risks and disadvantages for the grantor and beneficiaries of the California Revocable Transfer on Death Deed (“TOD” deed), which became effective on January 1, 2016. In the event the decedent is indebted to anyone, the TOD deed creates a liability for the beneficiaries. In an effort to satisfy the decedent’s debts, the personal representative who is handling the probate of the decedent’s estate may require payment from any of the beneficiaries of the TOD deed up to three years following the death of the transferor. The TOD deed […]


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Roseville, CA (Law Firm Newswire) April 25, 2016 – It is imperative that people understand the consequences of holding title to assets and that the ways in which the owner holds title can greatly impact the transfer of the property upon the owner’s death. Some individuals choose to add an agent to an account when they are depending on that person to help with the management of their finances. This method does not provide the agent with any ownership rights or name the agent as a beneficiary. However, it grants the agent permission to act on behalf of the owner […]


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Roseville, CA (Law Firm Newswire) March 16, 2016 – Last fall, California Governor Jerry Brown signed into law an End of Life Option Act, which has not yet taken effect. Brown said he decided to sign the bill after he envisioned himself with a terminal illness. It is unknown when the new law will become effective. Reports have stated that it could take effect by April 2016, or by March 1, 2017. As a result of California’s passage of the bill, it has been predicted that eventually, one in 10 Americans will reside in a state that has a right-to-die […]


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