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

2. 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

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

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

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

6. 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.

7. 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.

8. 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

9. 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.