Do you know about CalABLE accounts?

The answer to this question is usually no when I ask my conservatorship and special needs trust clients. I then excitedly tell them about these relatively new accounts which allow an SSI/SSDI and Medi-Cal recipient to save more than $2,000 in an account and the funds can be used for qualified expenses. Back in 2014, Congress passed the Stephen J. Beck, Jr. Achieving a Better Life Experience Act (the ABLE Act) which recognized that an individual that qualifies for SSI or SSDI or Medicaid (Medi-Cal in California) may need to have more than $2,000 in cash for expenses related to being disabled. Each state is responsible for implementing their own ABLE accounts and California implemented its CalABLE program in 2018 under the California Treasurer. In order to be eligible to establish a Ca
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What is a Conservatorship?

You may notice a loved one is having trouble handling their finances – such as forgetting to pay bills or unable to balance his or her checkbook.  Or you are concerned that others are taking financial advantage of your loved one.  You may notice a loved one needs help taking care of his or her personal needs – remembering to take medications or not being safe in the home.  A conservatorship may be the answer. There are several types of conservatorships and an attorney can assist you to determine which type best suits your concerns.  The most common types of conservatorships are conservatorship of the person, conservatorship of the estate, limited conservatorship and what is referred to as a LPS conservatorship. A conservatorship is a court action which takes place in a “probate
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