who, what, where, when
Time: 2:00 PM to 3:30 PM
Date: Wednesday, August 23rd, 2017
Location: East San Gabriel Valley Japanese Community Center (ESGVJCC)
Address: 1203 W. Puente Ave. West Covina, CA 91790
who, what, where, when
Time: 10:00 AM to 11:30 AM
Date: Saturday, August 19th, 2017
Location: Gardena Valley Japanese Cultural Institute (JCI)
Address: 1964 W. 162nd St. Gardena, CA 90247
Toward the end of 2016 the Senate approved a new law, the 21st Century Cures Act that had a huge impact on Special Needs Trusts and adults with developmental & physical disabilities. The new law included the Special Needs Trust Fairness Act which states individuals with disabilities can now create their own special needs trust (if they have the correct mental competence).
A special needs trust is used to protect various government benefits like Supplemental Security Income (SSI), Medicaid, and other means-tested benefits while also allowing the recipient to receive their inheritance after a parent or relative passes away.
When you plan for retirement, the first things that come to mind might be vacations, lounging on a beach, traveling, and enjoying your grandkids. Naturally, focusing on the fun times head may be the first thing on your list, but all seniors should also consider how they will fund their long-term health care.
According to various statistics, 70 percent of American seniors will need some sort of living assistance, which can be costly and break a person’s savings accounts. Unfortunately, long-term care is not covered by Medicare and that gap in the coverage can leave many seniors on the outside looking in when it comes to receiving care.
One way to subsidize that gap is through long-term care insurance. However, coverage can be costly and expensive. Let’s take a closer look and figure out the best options for seniors looking for long-term care coverage.
One of the most important steps you can take when protecting your assets for future generations of your family is to create an estate plan with a living trust and pour-over will. However, the planning does not end there. Your next big decision, which can be the difference between a quick and efficient estate settlement process or a long and arduous one, will be choosing a person to serve as the executor.
Both a will and trust require a person to be named the executor of the estate and oversee the process while acting as a liaison between the attorneys and the family. An executor generally takes responsibilities for managing the decedent's estate by collecting and distributing assets to beneficiaries waiting to receive their inheritance. Picking the wrong person as executor can lead to various issues like estate delays, tax problems, or even estate contests.