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Moynihan Lyons PC
Riverside, CA
Estate Planning and Elder Law. For Today. For the Future.
Interests: Estate Planning, Elder Law, Probate, Medi-Cal, Aid and Attendance, Seniors
Recent Activity
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The generation-skipping transfer rules have changed. Should your trust be modified? One way around the federal estate tax is by arranging for inheritances to skip generations within a family. Instead of leaving property to their children, wealthy people would leave it to their grandchildren and even great-grandchildren. However, Congress has... Continue reading
Posted 12 hours ago at Moynihan Lyons PC
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Unique circumstances create specific reasons for needing a plan. However, there are just a few categories. Assets, the value of those assets and where those assets should go seem like a simple approach to estate planning. However, there is no specific answer that fits everyone at all times, according to... Continue reading
Posted yesterday at Moynihan Lyons PC
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Many doctors were not impressed with the law and filed a lawsuit. A judge has ruled in favor of doctors who objected to California’s assisted death law and overturned it, according to the Sacramento Bee in "California assisted death law overturned in court." The doctors argued that the law did... Continue reading
Posted 4 days ago at Moynihan Lyons PC
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You can help your family members as well as yourself, if you organize your papers to ease their burden when you pass away. It becomes difficult for other people to find your papers and other things after you pass away. It is a good idea to get organized, if you... Continue reading
Posted 5 days ago at Moynihan Lyons PC
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Estate of heir to Mellon fortune is example of challenges created by cryptocurrency. Matthew Mellon, who inherited $25 million from the Mellon banking fortune when he was 21, recently passed away at the age of 54. The problems created by cryptocurrency are good examples of the importance of having a... Continue reading
Posted 6 days ago at Moynihan Lyons PC
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If heirs are not experienced in handling large amounts of assets, they can face some serious problems. Adults, particularly those who do not have wealth of their own already, can run into some problems when receiving large inheritances they are not ready to manage, according to the Financial Advisor in... Continue reading
Posted 7 days ago at Moynihan Lyons PC
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Do wealthy people end up paying a lot less in taxes under the new tax law? Not necessarily. People who had already made estate plans before the federal estate tax exemption was doubled, could end up paying more in taxes than necessary because of a popular way of working around... Continue reading
Posted Jun 11, 2018 at Moynihan Lyons PC
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There are many possibilities and many opportunities, when making your plans. When people decide to create an estate plan and determine how to divide up their estate, they are also given the opportunity to express their values. One of the keys to success is to avoid putting the focus on... Continue reading
Posted Jun 8, 2018 at Moynihan Lyons PC
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A trust is often only as good as the trustees and the dynamics of the family. The widow of Alan Thicke is now accusing his sons, who act as co-trustees of the trust created by their father, of squandering the money, of refusing to give her any information about the... Continue reading
Posted Jun 7, 2018 at Moynihan Lyons PC
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How do you treat your children equally, yet recognize they have different needs? Most mothers know how important it is to treat their children equally and not to show favoritism, because it often sparks misunderstandings and conflict. However, mothers also usually recognize that individual children have different needs and those... Continue reading
Posted Jun 6, 2018 at Moynihan Lyons PC
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More and more Americans are now filling the role of caregiver. One future expense many Americans will face, is the cost of acting as the primary caregivers for their elderly parents. Older Americans are living longer than ever before, and nursing homes continue to get more expensive. Since being the... Continue reading
Posted Jun 5, 2018 at Moynihan Lyons PC
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You can retire to warm, sunny states. You can also retire to be nearer to your children. More and more retired people are choosing to move to other states, such as Florida and Arizona. However, another trend is to move closer to adult children, according to The New York Times... Continue reading
Posted Jun 4, 2018 at Moynihan Lyons PC
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Medicaid shortfall may put nursing home patients at risk in Louisiana. Some 30,000 nursing home residents in Louisiana, who are on Medicaid, may face evictions from nursing homes, unless the budget cuts in the House are reversed before July 1, according to USA Today in "More than 30,000 nursing home... Continue reading
Posted Jun 1, 2018 at Moynihan Lyons PC
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96-year-old retired secretary leaves $8.2 million to charity, much to the surprise of her family. Sylvia Bloom, who joined a law firm as a legal secretary in her youth and then retired in her 90s, was not wrong when she matched her investments to those of the lawyers in the... Continue reading
Posted May 31, 2018 at Moynihan Lyons PC
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Tax exemption doubled but that does not eliminate the need for estate planning. There are many reasons for tax planning other than avoiding taxes. This is because most people were not subject to the federal estate tax anyway. Kiplinger recently listed some of those reasons in "Is Estate Planning Now... Continue reading
Posted May 30, 2018 at Moynihan Lyons PC
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Getting married later in life can be wonderful. However, don’t forget estate planning in the new lifestyle. It is not unusual for an elderly man and an elderly woman to meet each other, fall in love and get married. The only difference between young couples and elderly couples, is that... Continue reading
Posted May 29, 2018 at Moynihan Lyons PC
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The choice of executor and trustee is also important in decision making. A decision between setting up a will or a trust, depends on factors that are best made with the advice of an estate planning attorney. However, there are other big decisions to make, according to the Knoxville City... Continue reading
Posted May 28, 2018 at Moynihan Lyons PC
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Some of the protections set up in Social Security, don’t make sense in today’s world. When Social Security was set up for traditional families, the retirement or death of the husband would cause great hardship. Therefore, the government program was designed to protect spouses and other dependents of workers who... Continue reading
Posted May 25, 2018 at Moynihan Lyons PC
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As the life expectancy increases, so do the anticipated expenses. Cecilia Chiang, 98, continues to live both an active personal life, as well as business life. However, that lifestyle takes some planning, according to Market Watch in "5 tips to live in retirement like this famous 98-year-old." Chiang retired in... Continue reading
Posted May 24, 2018 at Moynihan Lyons PC
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Shopping around is a popular pastime of Americans. However, price may not be best judge of value, when it comes to estate planning. Consumers of legal services are not much different than price-conscious retail shoppers. However, price should probably be balanced with higher quality product, in order to get a... Continue reading
Posted May 23, 2018 at Moynihan Lyons PC
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Many of the mistakes made in estate planning are basic, rather than complicated. There are many possible estate planning mistakes in the estate planning world. However, many of them can be avoided, if people would ask not only what they should do but what they should not do. Following that... Continue reading
Posted May 22, 2018 at Moynihan Lyons PC
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Controversy over estate plan in New York shows the difficulty of proving undue influence. Family members are sometimes stunned by an estate plan that is out of the ordinary. That may put them in the position of having to decide if they want to file a lawsuit, according to the... Continue reading
Posted May 21, 2018 at Moynihan Lyons PC
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Finances should come into consideration for those planning to hit the century mark. Medical science has made tremendous strides in recent decades and people can now expect to live a very long life. However, they will need financial security to pay for the best medical treatment. Half of wealthy investors... Continue reading
Posted May 18, 2018 at Moynihan Lyons PC
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Getting a grip on the legal steps needed, is difficult during the grieving process. There are many legal issues to be faced with an estate, when a family member passes away. However, there are some steps recommended and the sooner the better, according to Kiplinger in "5 Things to Do... Continue reading
Posted May 17, 2018 at Moynihan Lyons PC
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If you have a high-level job with considerable responsibility, how do you know when to quit? A doctor who specializes in dementia recently wrote about a possible solution to the problem of when to stop practicing your profession, according to the Washington Post in "Reflections of a dementia specialist: I... Continue reading
Posted May 16, 2018 at Moynihan Lyons PC