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Nitesh Patel - Articles Nitesh Patel has prove himself capable of staffing the largest and most complex cases for clients of all sizes, and maintaining day-to-day consultation on more routine matters. The Shatford brothers are exceedingly active as attorneys for helping clients with retirement planning and business transactions in the Temple City area and played an important role in helping families preserve their wealth through the proper planning.
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 Does a trust make sense?When it comes to cost, a basic trust plan may run anywhere from $1,600 to $5,000, or possibly more depending on the complexity of the trust. Such a plan should include the trust setup, a will, a living will and a health-care proxy. You will also pay fees to amend the trust if it's revocable and to administer the trust after you die. Medi-Cal vs. MedicareMedi-Cal is a combined federal and California State program designed to help pay for medical care for public assistance recipients and other low-income persons. Although Medi-Cal recipients may receive Medicare, the Medi-Cal program is not related to the Medicare program. Medi-Cal is a need-based program and is funded jointly with state and federal Medicaid funds. Health Care Directive or Health Care Power of AttorneyYou should choose a person whom you trust, such as a spouse, partner, family member or close friend. The person you choose should know your personal values and beliefs. If possible, you will want to choose someone who lives in your area in case he or she is called upon to direct your treatment for an extended period of time. You will want to discuss your health care wishes with your agent and be sure he or she is willing to act on your behalf. Many states will not allow your health care provider Top things to know about Estate PlanningA will tells the world exactly where you want your assets distributed when you die. It's also the best place to name guardians for your children. Dying without a will - also known as dying "intestate" - can be costly to your heirs and leaves you no say over who gets your assets. Even if you have a trust, you still need a will to take care of any holdings outside of that trust when you die. Delaware Series LLCNotice of the limitation on liabilities of each series must be set forth in the certificate of formation of the LLC, which is on file in the office of the Secretary of State of Delaware. The Certificate of Formation must state that the liability of the LLC is limited by series. This statement is deemed to provide notice to the public of the limitation on liability. Assessing Your AssetsOnce you decide what kinds of bequests you wish to make, be sure to discuss your plans with your heirs. The sooner and more distinctly you outline your intentions to your family and friends, the less chance there will be for disagreements when you're gone. Do I Need A Will?A will is also useful if you have a trust. A trust is a legal mechanism that lets you put conditions on how your assets are distributed after you die and it often lets you minimize gift and estate taxes. But you still need a will since most trusts deal only with specific assets such as life insurance or a piece of property, but not the sum total of your holdings. HIPAA (Health Insurance Portability and Accountability Act of 1996)The requirements outlined by the law and the regulations promulgated by DHHS are far-reaching. Health care organizations that maintain or transmit electronic health information must comply. This includes health plans, health care clearinghouses, and healthcare providers who submit claims electronically. After each final regulation is adopted, small health plans have 36 months to comply. Others, including healthcare providers, must comply within 24 months. What's the best way to give money now?Estate planning isn't just about how you want your assets distributed after you die. It's about deciding how much you want to give away while you're still alive. If you plan carefully - so you don't outlive your assets - giving allows you to reduce your taxable estate and provide advance help to your beneficiaries. Medi-Cal Eligibility Planning to Qualify For Medi-Cal BenefitsOur law firm is experienced in developing and implementing various Medi-Cal planning techniques to quickly qualify an individual for Medi-Cal benefits and to minimize or completely eliminate any state recovery for benefits received. Medi-Cal planning is our passion and we take great pride in developing sound planning options for our clients tailored to their unique circumstances.
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