Sirkin Law Trust Estate Probate Litigation Attorney

Why is Special Needs Trust Administration Important in the San Fernando Valley? Management of a Disabled Person's Funds

Administration Of Special Needs Trusts in the San Fernando Valley

Do you need special advice about the management and administration of a special needs trust in the San Fernando Valley?  Our lawyers have over 27 years of experience advising trustees about special needs trust administration. Mina N. Sirkin advises residents of San Fernando Valley who are normally Special Needs Trust parents and grandparents about the details of administration and planning for a special needs trust in the San Fernando Valley.

Special Needs Trust administration is very important because the trustee has a fiduciary duty owed to the beneficiary and must exercise complete loyalty to the beneficiary, along with the exercise of discretion in spending.  Mistakes in how the money is expended can not only result in liability, but can result in the loss of government benefits.

Top 10 Tips in Administering Special Needs Trusts:

1. Set up a Trust file, and read it several times.
2. Create a trust inventory.
3. Carry adequate insurance.
4. Contact a financial advisor who is familiar with the Prudent Investor Rule.
5. Have an accountant do your accounting.  Have him/her set up a quarterly upload of the trust's financial statements so you do not have to rush at the end of the year, or at the time of accounting.
6. Communicate with the beneficiary, if possible.  If a beneficiary cannot communicate, talk to caregivers, conservators and other family members to get updates of on how the beneficiary is doing at least once every two months. 

Attorney Mina N. Sirkin has helped thousands of San Fernando Valley residents in administering special trusts.  Ms. Sirkin is a California Board Certified as a Specialist attorney in Trust law by the State Bar of California and regularly writes about special needs trusts administration and formation.  Contact: 818.340.4479 and [email protected]

Do you need special advice about the management and administration of a special needs trust in the San Fernando Valley?  Our lawyers have over 27 years of experience advising trustees about special needs trust administration. Mina N. Sirkin advises residents of San Fernando Valley who are normally Special Needs Trust parents and grandparents about the details of administration and planning for a special needs trust in the San Fernando Valley.

Special Needs Trust administration is very important because the trustee has a fiduciary duty owed to the beneficiary and must exercise complete loyalty to the beneficiary, along with the exercise of discretion in spending.  Mistakes in how the money is expended can not only result in liability, but can result in the loss of government benefits.

Top 10 Tips in Administering Special Needs Trusts:

1. Set up a Trust file, and read it several times.
2. Create a trust inventory.
3. Carry adequate insurance.
4. Contact a financial advisor who is familiar with the Prudent Investor Rule.
5. Have an accountant do your accounting.  Have him/her set up a quarterly upload of the trust's financial statements so you do not have to rush at the end of the year, or at the time of accounting.
6. Communicate with the beneficiary, if possible.  If a beneficiary cannot communicate, talk to caregivers, conservators and other family members to get updates of on how the beneficiary is doing at least once every two months. 

Attorney Mina N. Sirkin has helped thousands of San Fernando Valley residents in administering special trusts.  Ms. Sirkin is a California Board Certified as a Specialist attorney in Trust law by the State Bar of California and regularly writes about special needs trusts administration and formation.  Contact: 818.340.4479 and [email protected]

Alzheimer's Attorneys Los Angeles Discuss a Care Plan for your Parents

Attorneys For Families With Alzheimer's Dementia Los Angeles CA | Conservatorship  Los Angeles Attorney & Lawyer

Attorneys for Families with Alzheimer's Dementia Los Angeles Attorney | Sirkin Law Group  Wills Trusts Estates | 818.340.4479 | Los Angeles Alzheimer's | Conservatorship & Alzheimers Care Ca

Whether in a crisis situation or not,  Alzheimer's attorneys and legal staff prepare Los Angeles families with Alzheimer's Dementia focusing on a care plan, which helps implement goals and small steps to protect your parents or the person with dementia.   Our attorney in Los Angeles, Pasadena and Glendale has over 27 years of experience putting a protective Alzheimer's care plan together for families like yours.  Attorneys at Sirkin Law Group have a philosophy of preventative legal care.    We do not just manage Alzheimer's dementia, we legally prepare for it.   Talk to our lawyers about your family's Alzheimer's or dementia problems and how to manage care for your aging parents.

Our services range from finding financial resources for housing, nursing home planning, conservatorship for Alzheimer's and dementia patients, elder law, and care planning for dementia.   

How do you prepare for a person with dementia or Alzheimer's disease?

1.  Ask whether any of your parents or other family members have had dementia, Alzheimers or Parkinson's disease?   

2.   Unfocus from the disease itself and focus on small goals.

3.   If any member of your family has had dementia, Alzheimer's or Parkinson's disease, then you must put in place a series of legal documents to protect yourself and your family.

4.   The legal documents we recommend to our clients with a family history of dementia is as follows:

A.   A Living Trust

B.   A Will

C.   Durable Power of Attorney for Asset Management.

D.   Advanced Health care Directive OR a Durable Power of Attorney for Health Care and HIPAA authorizations.

E.   A complete inventory of assets updated yearly.  

F.   A legal transfer document allowing transfers of appropriate assets to the trust.

If you have a family member who has already been diagnosed with dementia, it is not too late to put together protective documents, if a physician can certify the capacity of the person with dementia.

Even when a person loses mental capacity, it is still not too late, even if no legal documents are in already in place, because we can still prepare for dementia, with a Conservatorship proceeding, with a substituted judgment petition and a court order.  Yes, we can even prepare wills and trusts after capacity is lost, with a court order.  Our Alzheimer's attorneys are legal professionals here to assist you and your family in Los Angeles.

Mina Sirkin is a dementia attorney, Certified Specialist Attorney in Probate, Estate Planning, and Trust Law in California helping families in Los Angeles Ca.   With over 22 years of experience, we can advise you on how to legally prepare for dementia step-by-step.   Los Angeles Conservatorship Attorney and to Dementia & Elder Law Attorneys Los Angeles.  Call us at 818.340.4479 0r 800.300.9977. Call and talk to our attorneys about Alzheimer's and dementia in Los Angeles and Glendale.  Schedule a call or a virtual online appointment here.  

 

 

 

Glendale Conservatorships

Glendale California 

Pasadena Conservatorship

Pasadena Conservatorship Attorney

Los Angeles Probate Lawyer

Attorneys for Families with Alzheimer's Dementia Los Angeles Attorney | Sirkin Law Group  Wills Trusts Estates | 818.340.4479 | Los Angeles Alzheimer's | Conservatorship & Alzheimers Care Ca

Whether in a crisis situation or not,  Alzheimer's attorneys and legal staff prepare Los Angeles families with Alzheimer's Dementia focusing on a care plan, which helps implement goals and small steps to protect your parents or the person with dementia.   Our attorney in Los Angeles, Pasadena and Glendale has over 27 years of experience putting a protective Alzheimer's care plan together for families like yours.  Attorneys at Sirkin Law Group have a philosophy of preventative legal care.    We do not just manage Alzheimer's dementia, we legally prepare for it.   Talk to our lawyers about your family's Alzheimer's or dementia problems and how to manage care for your aging parents.

Our services range from finding financial resources for housing, nursing home planning, conservatorship for Alzheimer's and dementia patients, elder law, and care planning for dementia.   

How do you prepare for a person with dementia or Alzheimer's disease?

1.  Ask whether any of your parents or other family members have had dementia, Alzheimers or Parkinson's disease?   

2.   Unfocus from the disease itself and focus on small goals.

3.   If any member of your family has had dementia, Alzheimer's or Parkinson's disease, then you must put in place a series of legal documents to protect yourself and your family.

4.   The legal documents we recommend to our clients with a family history of dementia is as follows:

A.   A Living Trust

B.   A Will

C.   Durable Power of Attorney for Asset Management.

D.   Advanced Health care Directive OR a Durable Power of Attorney for Health Care and HIPAA authorizations.

E.   A complete inventory of assets updated yearly.  

F.   A legal transfer document allowing transfers of appropriate assets to the trust.

If you have a family member who has already been diagnosed with dementia, it is not too late to put together protective documents, if a physician can certify the capacity of the person with dementia.

Even when a person loses mental capacity, it is still not too late, even if no legal documents are in already in place, because we can still prepare for dementia, with a Conservatorship proceeding, with a substituted judgment petition and a court order.  Yes, we can even prepare wills and trusts after capacity is lost, with a court order.  Our Alzheimer's attorneys are legal professionals here to assist you and your family in Los Angeles.

Mina Sirkin is a dementia attorney, Certified Specialist Attorney in Probate, Estate Planning, and Trust Law in California helping families in Los Angeles Ca.   With over 22 years of experience, we can advise you on how to legally prepare for dementia step-by-step.   Los Angeles Conservatorship Attorney and to Dementia & Elder Law Attorneys Los Angeles.  Call us at 818.340.4479 0r 800.300.9977. Call and talk to our attorneys about Alzheimer's and dementia in Los Angeles and Glendale.  Schedule a call or a virtual online appointment here.  

 

 

 

Glendale Conservatorships

Glendale California 

Pasadena Conservatorship

Pasadena Conservatorship Attorney

Los Angeles Probate Lawyer

What is the most efficient way of transferring wealth after death? Los Angeles California

Mina Sirkin, Los Angeles Probate Lawyer, gives guidance and a roadmap to clients regarding probate guidelines, or probate steps in California and the most efficient method of transferring wealth after death of a loved one in Los Angeles.

Transfer of a deceased person's assets can occur in several different manners and has many steps:  1) By Probate Administration in court which has many probate steps; 2) By Trust Administration; or 3) By passing by Contract/joint tenancy or Beneficiary Designation. Each method has different guidelines and rules.  The last two methods are the most efficient ways of transferring assets of a deceased person.

Probate is a court proceeding that is set up to insures that notice is given to the appropriate heirs, family members, and that creditors of the decedent are adequately protected before assets of the decedent are distributed.  

Distribution of assets of a deceased person is then done either according to instructions in a will, or by California's intestacy rules, if there is no will.   Intestacy is the the default way California distributes the assets of a person who died without a will.

How long does it take for probate in California? Probate is a time-consuming process and in most cases can be avoided, if there is a living trust.   A nice probate in California can take about a year.   If there is any litigation involved in probate, it may take two years or longer to settle the estate.

A shorter way to distribute the assets of a decedent, would be if he/she had a trust.   Trust Administration is similar to probate administration, except that it generally does not involve the courts, unless there is litigation or questions regarding the rights of beneficiaries or duties of the trustee.   In trusts as well, Creditors are also given notice during the trust administration period and are afforded rights to file claims.   Trust distributions are done informally and simply by notice to the potential beneficiaries who can review an informal accounting.

For information on Los Angeles Probate requirements, contact Mina Sirkin, Los Angeles Probate Lawyer.  Ms. Sirkin is Certified as a Specialist lawyer in Estate Planning, Probate and Trust Law, in Los Angeles County, California.  818-340-4479. http://www.SirkinLaw.com/attorneys.html.

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818.340.4479

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Sirkin Law Group's probate attorneys and lawyer regularly serve the following cities and areas in Los Angeles County, Ventura County, Orange County, Santa Barbara County. San Fernando Valley; Bell Canyon,Woodland Hills Calabasas Conservatorship & Elder Law, Complex Conservatorships, Complex Estates, Contested Conservatorship Litigation Woodland Hills & Los angeles,  Hidden Hills, Elder Law Woodland Hills, Conservatorship Woodland Hills,  West Hills, Los Angeles, Glendale, ProbateAttorneyLosAngeles, LosAngelesProbateAttorney, Calabasas, Woodland Hills Elder Law, Agoura, San Marino, Altadena, Eagle Rock, Alhambra, Downtown Los Angeles, Van Nuys, Pasadena, Studio City, West Los Angeles, Beverly Hills, Burbank, LosAngeles, Encino, Tarzana, Woodland Hills, Reseda, North Hills, Sunland, Studio City, Universal City, North Hollywood, Sylmar, Northridge, North Hills, Granada Hills, Pocoima, Simi Valley, Canoga Park, Woodland Hills Conservatorship Attorney, East Los Angeles, Woodland Hills Elder Law Attorney,  West Hollywood, West Los Angeles, Chatsworth, Santa Monica, Culver City, Los Angeles, Woodland Hills Elder Law, West Hollywood, Anaheim, Playa Del Rey,, Marina Del Rey, Conservatorship, Woodland Hills, Venice, Santa Monica, Malibu, Culver City, Elder Law Conservatorship Woodland Hills Calabasas, Manhattan Beach, Hermosa Beach, Redondo Beach, Los Angeles California, Trust Litigation La County, Torrance, Pacific Palisades, LosAngelesProbate, Pasadena, Glendale, Burbank, Long Beach, Newport Beach, Costa Mesa,Irvine, Laguna, Laguna Hills, Laguna Niguel, Newport Beach, Tustin, Fullerton, Los Angeles, Santa Ana, Los Angeles and Santa Barbara. Westlake Village, Thousand Oaks, Sherman Oaks, Studio City.   Practice areas: Los Angeles Probate Attorney, Probate Attorney Los Angeles, CA Probate Law, Probate Litigation Los Angeles, Trust Litigation Los Angeles, Probate Lawyer Los Angeles. Probate, Trust, Conservatorship, Special Needs Trusts, Los Angeles Conservatorship Attorney, Estate Planning, Conservatorship Litigation, Trust Litigation, and Probate Litigation areas. Los Angeles Probate Lawyer & Probate Attorney Los Angeles

 

 

Living Trust Workshop - 3/10/17 Woodland Hills Ca

REGISTER HERE:  http://LivingTrustWorkshop.com

 

 

Estate Planning Workshop, Estate Planning Attorney, Estate Planning Attorney Los Angeles

 LIVING TRUST WORKSHOP

 

 

Legal Issues: Children of Aging Parents

If your parents are aging, chances are you have thought about what it takes to legally take care of your parents.   Recognizing the legal issues is a priority when caring for your parents.  Asset protection and health care planning are the top two goals for most families facing aging parents.

See our presentation here: Aging Parents Presentation

For asset protection for aging parents, call Mina Sirkin.  Our Attorneys can be reached at 818.340,.4479.