Silicon Valley Elder Law, P.C.
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California residents must protect their assets as they age

In our most recent post, we discussed how there are special considerations for inheriting a home. That post probably has some of our California readers wondering how they can protect their assets as they age. For some, the thought of their loved ones losing vast amounts of their inheritance doesn't set well with them. If you are one of those people who wants to leave behind as much as you can, learning about some of your asset protection options might make you feel better.

One way that your assets can diminish quickly is if you have to rely on public assistance programs. These programs often take your assets into account, which can make a huge difference in whether you qualify or not. It might be possible for you to protect your assets while still being able to get the help you need. We can help you to explore those options.

Another concern that some people have is being able to keep control over their estate until they pass away. There are options that you have to ensure that you don't lose control of your assets. That is another area in which we can help you to explore your options.

A final consideration is that people are worried about how taxes, probate costs and attorney fees will affect the amount their loved ones receive. It is possible to avoid unnecessary taxes and minimize the other costs that come out of your estate. Learning about some of those options can help you to ensure your loved ones get the most out of your estate.

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