Vanessa Terzian E: vterzian@lagerlof.com PH: 818-864-6174 | Edward Terzian E: consultation@inheritancerecovery.com PH: 818-579-2358
Could You Be Responsible for Your Parents’ Long-Term Care Bill? Currently, 29 states have what is known as filial support laws, which means that children of destitute parents could be on the hook for unpaid long-term care bills. Historically, usage of these laws has been uncommon, but with cutbacks to federally funded programs like Medicaid,…
How to Protect Your Assets Through Estate Planning If you need to transfer assets to or from an estate, retirement fund, bank account, or other property/accounts for any reason, there are a few intelligent places to transfer to, with the help of a Personal Family Lawyer®. Certain places that you can transfer money to–both in…
How to Correctly Name Beneficiaries for Your IRAs You could be unintentionally reducing your family’s wealth potential if you do not properly designate the beneficiaries of your IRAs. Improper estate planning could mean that your IRA assets could pass to the wrong people or entities, so how you execute your beneficiary designations is critically important.…
What to Do When You Inherit a Retirement Account As a Personal Family Lawyer®, I am often asked to help people who inherit a retirement account. The action you need to take with an inherited IRA depends upon your unique situation; the IRS has rules for each and recently announced that they will be cracking…
What a Will Won’t Do There are a number of essential things a last will and testament can do for you, such as distribute family heirlooms and name a guardian for minor children, but there are some equally important things a will won’t do: Diminish estate taxes – a will won’t help you decrease your…
Avoid these 10 Common Estate Planning Mistakes As a Personal Family Lawyer, I see many of the same estate planning mistakes made time and again by people who either fail to plan properly or who use “do-it-yourself” estate planning websites or forms in an effort to save money. Without professional guidance, this can cause more…
How to Protect Your Assets from a Child’s Divorce A child’s wedding day is one of the happiest occasions in life for most parents, especially when they approve wholeheartedly of that child’s choice of mate. Sometimes, however, the choice is not always welcomed and parents become concerned about how to protect assets they plan to…
Reality Check / Reframing – How do You Want Your Loved Ones to Live During Your Final Illness? Surveys show that most people have not named an agent to make health care decisions if they are unable to speak for themselves, nor have they directed in advance their wishes for their healthcare. The usual reasons…
Does your Estate Plan Address your e-Assets? Each day, new technology is introduced and adopted into our daily lives. For example, it is hard to imagine that the iPhone® was first introduced to us in 2007. Five years later, most of us have either adopted it or an android cellular phone into our daily lives.…
Check-in with Your Father – or You May Have an Unpleasant Surprise When Your Father Checks Out Family relationships can be difficult, sometimes leading to a parent and child no longer speaking to one other. When someone is in this situation, it is worthwhile for that person to evaluate his or her long term expectations…