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Information about our booth at the upcoming Get Shamrocked festival.

August 26, 2015

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Upcoming 2015 Health & Resource Fair

July 7, 2015

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Smart Estate Planning Tips for Entrepreneurs

June 28, 2015

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Six Estate Planning Tips for Families

June 23, 2015

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Why Your Spouse Should Be at the Center of Your Estate Planning

June 15, 2015

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How Estate Plans Protect Family Assets Far Better than Wills

June 8, 2015

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No Such Thing as Too Much Estate Planning

May 27, 2015

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How Singles Can Protect Their Loved Ones

May 12, 2015

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Upcoming Special Needs Presentation

October 8, 2014

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The Latest Wrinkle in Estate Planning: Digital Assets

September 16, 2014

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Visit Our Booth at the Shamrocked Festival 2014

August 27, 2014

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Limited Conservatorships: A Delicate Balance

August 7, 2014

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Monumental Estate Planning Blunders of 5 Celebrities

August 5, 2015

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Why We Procrastinate about Estate Planning

June 17, 2014

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Warning: What You Don't Know About Income Tax Basis Could Hit Your Bottom Line

March 14 2014

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Estate Planning Seminar on April 26, 2014

March 3, 2014

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Six Estate Planning Lessons From James Gandolfini's Will 

February 26, 2014

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Five Lessons Learned About the Last Will of Phillip Seymour Hoffman

January 31, 2014

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How to Choose a Trustee

January 22, 2014

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Not Funding Your Living Trust Puts Your Financial Future at Risk 

January 16, 2014

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What Does Funding My Living Trust Mean and How Do I Do That?

January 14, 2014

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Do Assets Go Through Probate

December 9, 2013

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What Happens to Your Will When You Move? 

November 19, 2013

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Estate Planning Myths That Can Ruin Your Plans

November 18, 2013

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Is a Living Will the Same as a Living Trust?

November 13, 2013

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Pitfalls of a Healthcare Power of Attorney & 3 Ways to Protect Yourself

November 5, 2013

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Your Digital Life and Your Estate Plan

October 30, 2013

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Three Vital Estate Planning Strategies for Your College-Aged Child

October 23, 2013

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Your Charitable Donations and the IRS

October 16, 2013

 

How to Seek an Assisted Living Waiver


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Many aging Americans would like nothing more than to live out their days in their own homes. Unfortunately, as individuals age, this goal becomes more and more unrealistic. This is because the older an individual gets, the more difficult everyday functions, such as preparing meals, toileting, and paying bills, becomes.

For these individuals, a good option may be Assisted Living. Assisted living allows seniors to live in a home-like setting, while also receiving necessary personal support services. Assisted living is a good alternative to a nursing home because it is less expensive and allows seniors to retain a degree of independence.

The Assisted Living Medicaid Waiver program assists seniors who choose assisted living but may be at risk of requiring nursing home placement. In order to qualify for this program, individuals must meet financial and physical eligibility requirements. Seniors who participate in this program must be living in an assisted living facility. If a senior is selected to participate in this program, he or she will be assigned a caseworker who will design a unique care plan for him or her. This care plan may include services such as assistance with grooming and bathing, preparing meals, cleaning, health services, transportation, medication administration, and social activities.

The Medicaid Assisted Living Waiver program is provided through each state, individually. Therefore, in order to see if you qualify, contact your local Area Agency on Aging.



October 11, 2013

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Your Joint Accounts and Estate Tax Planning 

The Law Office of Jeffrey C. Nickerson supports Special Olympics!

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Attend Tip a Cop and donate - September 9, 2013 - 5:00pm to 9:00pm

30142 Haun Rd, Menifee, CA 92584

October 9, 2013

 

Three Ways to Transfer Your Family Business


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For family business owners, estate planning is crucial to the success of the business. If you have not already drafted an estate plan that includes the succession of your business, begin today. Not only will early planning allow you to slowly implement the plan, thereby increasing its chances of success, but early planning will also ensure that your family’s main source of income is protected.
 
The first step is considering how you would like to transfer your business. This article discusses three common options:
 
1. Sell Your Business Outright
One way to transfer your family business to your children is through selling them your interest, outright. This is a good option for those who need income from the business, such as retirees. Importantly, if you decide to sell your business, you must sell it at its fair market value. If you fail to do so, you may trigger gift taxes.
 
2. Use a Buy-Sell Agreement
Buy-sell agreements are ideal for those business owners who have selected the person they would like to transfer the business to, but who are not quite ready to hand over thereins[MM1] . In a buy-sell agreement, a business owner can specify that, after a triggering event, the designated successor will be required to purchase his or her interest in the business. Common triggering events include retirement, incapacity, and death.
 
3. Transfer Through a Living Trust
Ownership in a business can also be transferred through a living trust. In order to do this, the business owner must first transfer the business to the trust, then name the intended successor as successor trustee to the trust. Prior to the business owner’s death, he or she would serve as both trustee and beneficiary of the trust. This allows the owner to run the business as normal for as long as he or she chooses.  It’s very important that the trust agreement contain carefully-drafted provisions concerning the operations of the business and how ownership decisions get made if the owner becomes disabled or dies. And if the business is taxed as an S corporation, more specific tax-oriented provisions are necessary.
 
 October 8, 2013

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Should I Name All of My Children as My Successor Trustees?

October 4, 2013

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Medicare Fuad

October 2, 2013
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October 1, 2013
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September 17, 2013
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September 4, 2013
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August 26, 2013
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August 19, 2013
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August 13, 2013

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June 24, 2013
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June 19, 2013

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June 6, 2013
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June 5, 2013

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