Wills, Trust, Estates Articles

Alice Salvo gave me peace of mind which I can not thank her enough.
My 86 year old mother entered a nursing home in 2005, my dad spent almost everything he earned to pay mom's medical expenses. His entire pay check each month provided for her care, and my sister and I had to help support my dad. With the slowing economy, he had investment losses and could not afford the nursing home costs so my sister and I started paying for mother's care.

Just what would happen if one day dad should also require nursing home care.  After doing an internet search I noticed other people had to face the same dilemma. I called attorney Alice Salvo and found out she helps families in this difficult situation. I was impressed with her knowledge friendly disposition and relieved to discover she had a solution that would benefit me.

Alice Salvo helped my father by preserving the remaining assets and made sure he will always have a home to live in. Attorney Salvo qualified my mother for Medi-Cal, carefully explaining the process, preparing the applications and working with the Medi-Cal offices. We were pleased with the impressive level of professionalism. Everything was handled so well and all her work was in compliance with agency regulations. All was accomplished in only about a month.
 

The stories floating around that people lose their family home when a person on Medi-Cal dies are true. That is - if the owner of the home received Medi-Cal, then the family’s home can be lost. You are actually required to report the death of the person who was a Medi-Cal recipient so that Medi-Cal can decide if they are going to go after the home and assets. Currently, Medi-Cal does not take the home as long a the spouse is living, however do not chance losing the home once the spouse dies. One of the best strategies to implement, so that Medi-Cal cannot take the home, is to properly transfer it into a House Trust. Doing this lets the home/equity go to the surviving children. Our office can further explain the process and prepare all supporting documents. Free consultation, call 818-887-3333, salvolaw.com  

Our incredibly busy lives make us all prone to focus primarily on needs that are immediate but not necessarily most important. Nowhere is this more apparent than in the case of parents who spend more time selecting and preparing instructions for a babysitter than selecting and preparing instructions for a guardian for their children. Babysitter issues are undoubtedly important and capture our attention because they are immediate needs. However, the babysitter will spend only a few hours with your children, and you will be only a phone call away if any questions arise. Even more important is selecting a guardian to care for your children in the event an accident leaves your children without their parents. Despite the fact that a guardian would devote years to raising your children and make many crucial decisions about your children’s wellbeing, the selection of a guardian is a decision a surprising number of parents put on the back burner. 

Asset protection is a method a person can utilize to keep his or her property safe from anyone who wins a lawsuit against them at some point in the future. Asset protection planning is a process that takes assets subject to creditor's claims, ("nonexempt assets”) and repositions them as "exempt assets" which are out of the reach of the claims of creditors.