Len Tillem & Associates Wills, Revocable & Irrevocable Trusts Estate Tax Planning Probate & Trust Administration Asset Preservation & Long Term Care Trust & Estate Litigation Wrongful Death & Injury

Why Create A Revocable Trust? Avoid lengthy, expensive & public probate Control who will manage your affairs if you can’t Estate Tax Planning Substituted decision making if you become incapacitated

Will vs Trust Simple Less Expensive Complex More Expensive Difficult Easy Less Expensive

Protect Yourself From The Cost of Long Term Care Your Pocket Medicare Long Term Care Insurance Medi-Cal VA Benefits $2,500 - $9,500 per month

Continuum of Care Independent or Senior Living / in-home care Residential Care Facilities (RCFE) Assisted Living Personal Care Homes Skilled Nursing Facilities (SNF)

Plan for the Worst, Hope for the Best Long Term Care Planning Objectives To provide for the appropriate level of care free of financial constraints. To preserve the patient’s independence, quality of life & dignity. To plan ahead when there is a long term care concern. To assist the family in a time of crisis by evaluating the options and providing solutions.

VA Aid & Attendance Benefits Veterans that served during wartime and their surviving spouses. Income & Asset Based Program. Provides a monthly tax-free income supplement $1,130 for surviving spouses $1,759 for a single veteran $2,085 for a married veteran. Exempt Assets include the residence and up to $80,000 in cash assets. Gifting Rules No lookback and no transfer penalty.

Medi-Cal EXEMPT NON-EXEMPT CASH ACCOUNTS REAL PROPERTY STOCKS &BONDS MUTUAL FUNDS PROMISSORY NOTES OTHER AVAILABLE ASSETS PRINCIPAL RESIDENCE RETIREMENT ACCOUNTS PROPERTY FOR SALE UNAVAILABLE PROPERTY BUSINESS PROPERTY LIFE INSURANCE VEHICLE IRR. BURIAL TRUSTS BURIAL PLOTS PERSONAL PROPERTY CSRA ($109,560) PROPERTY RESERVE ($2000) TRANSFER COURT ORDER/HEARING INCOME/SHARE OF COST MMMNA ($2,739) AVOID CAPITAL GAINS TAX PROP 13 PREVENT LIENS/ESTATE CLAIMS REVISE ESTATE PLANNING DURABLE POWER OF ATTORNEY

Protect Your Family Home IRREVOCABLE TRUSTS Prevents Medi-Cal Estate Claim Provides for the valuable step- up in cost basis. Home can still be rented or sold & income & proceeds protected.