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Law Update - Medi-Cal Qualification What is Medi-Cal planning program? It's a program in the state of California that helps pay for long-term care and other medical care needs. With Medi-Cal, in Covina and Temple City, you may only qualify for Medi-Cal long-term care benefits if you have [...]
With the holidays just around the corner, I’d like to offer you the following tongue-in-cheek guide: Dos and Don’ts: An Estate Planning Attorney’s Guidebook to Holiday Gifts. Gift Taxes: Presently, the IRS allows an individual to gift up to $12.06 million over the course of his or her lifetime (“Lifetime Gift Tax Exclusion”) without having [...]
When it comes to estate planning, people tend to have misconceptions about living trusts, many of which stem from secondhand accounts from unreliable sources. Below, I debunk some of the most common myths about trusts. Myth #1: “Trusts are for rich people.” Reality: By far the most common misconception I hear from clients is that [...]
If you are a parent, you are likely accustomed to possessing broad authority to make decisions pertaining to your child’s health, finances, and overall welfare. However, once your child reaches age eighteen, the legal landscape changes and your ability to make these important decisions evaporates. At age eighteen, your child has complete discretion to enter [...]
When people begin looking into the process of creating a living trust, they often have questions about the various legal terms that they may encounter, many of which can seem confusing and overwhelming. To help demystify the estate planning process, in this article I briefly define some of the most common trust terms and phrases. [...]
As a general rule, when a person dies in California holding real or personal property outside of a trust or without properly designated beneficiaries, the deceased person’s assets must be administered under the court’s supervision through a process known as “probate.” Probate proceedings can cost tens of thousands of dollars in statutory fees and administrative [...]
Although our firm does not practice constitutional law, I have a particular interest in this area of the law. The Supreme Court recently rendered many historical rulings, with the most notable being Dobbs v. Jackson Women’s Health Organization, which I have summarized here: The Facts: The Dobbs case addressed Mississippi’s Gestational Age Act which prohibits [...]
Tony J Tyre is extremely proud to announce that his law firm has been chosen by the readers of Pasadena Star-News, San Gabriel Valley Tribune, and Whittier Daily News as FAVORITE LEGAL SERVICES and FAVORITE LIVING TRUST ATTORNEY. He sincerely thanks his team for their continued dedication, enthusiasm, & hard work, and our clients for [...]
Unknown to many of us, the government does not take money from a person’s estate most of the time. In fact, estates will usually pay little-to-no money to the government through taxes, unless there are debts owed to governmental agencies such as Medi-Cal. The two main types of tax to consider are income tax and [...]
Upon completing their education, students in various disciplines such as physics, mathematics, or the social sciences obtain a Doctor of Philosophy (Ph.D.), medical students obtain a Doctor of Medicine (M.D.), and law school students obtain Juris Doctor (J.D.). Yet, while the degrees obtained by Ph.D. recipients, physicians, and attorneys all contain the term “doctor,” for [...]
