&lder Law Center it’s Personal …” &lder Law Center ... · THE SKILL OF REIVENTION When I was a kid, I remember Madonna being such a hit. Everything she sang, everywhere she

Founded by Phancao & Shaffer, LLP

&Asset Protection Elder Law Center



Black

Black @63%

Pantone 7694

Pantone 1225

FONTS: Adobe Garamond Pro, Garamond Premier Pro, Matura MT Script Capitals, Marquis De Sade Ornaments

PATHS ICON COLORS

The Skill of Reivention ......... Page 1

Is Nevada’s Asset Protection Trust Really Stronger than Other U.S. Jurisdictions ......................... Page 2

Book Review ........................ Page 3

Business/Health/Wealth....... Page 3

When Really Is Independence Day? .............................................. Page 4

“The successful man is the one who finds out what is the

matter with his business before his competitors do.”

– Roy L. Smith

July 2017

HIGHLIGHTS IN THIS ISSUE____________

THE SKILL OF REIVENTIONWhen I was a kid, I remember Madonna being such a hit. Everything she sang, everywhere she went, all the things she would say; came to light and some type of media frenzy would be made about it. This was in the 80’s. We are well into the 21st Century, and yet, she is still as relevant today as she was back then. Now that is some serious staying power!

I loved Christopher Reeves in Superman. That movie defined an entire generation. Reeves was an incredible actor. The blessing and curse of being seen as Superman, is that he was now typecast, and was never again able to create a similar success in other roles. Comparatively speaking, both these artists were as talented as the other in their respective field, and yet…

I wanted to be an attorney ever since I was a kid. It was the only thing talked about at dinner, and the only trajectory I envisioned myself in. Ironically enough, once I did become an attorney, I felt I had “made it”. Then began years of learning the trait, which was great. However, as time went on, I understood quickly that practicing law was but one aspect of being an attorney. The better attorneys had a good grasp of business concepts, accounting, marketing, and other facets of being a business owner that translated well into their work. Though it may appear to be a small issue, at first, I couldn’t quite wrap my head around that. Actually, it was quite a struggle. After all, wasn’t all the work and sacrifice to become an attorney enough to have people come knocking at your door?

Obviously not. The trait to become a constant learner had to be developed over time. As great of an attorney (or your chosen profession) as you may believe to be, it is imperative that you do not pigeon-hole yourself in seeing yourself under one light only. As often as you deem necessary, take a look back at your arena and find ways to innovate aspects of your business and your life. There is an old adage about finances that is applicable to our professional life: “You must have three skillsets – it is one skill to make it, another to keep it, and yet another to grow it”. When looking at your profession, “making” it is just the first step, you must work to stay relevant and continue to

4th of July, Independence Day! A date that commemorates the birth of the United States, and its birth as an independent nation. A day in history to be remembered and reason to be celebrated.

What about you as an individual? Do you realize that freedom and independence come from within? We get to achieve freedom if we simply take the time to learn how to deal with our self-limiting beliefs that hinder us to become what we always wanted to be. Living in this incredible country enables us to pursue our dreams with very little constraint or government involvement. We are truly lucky to be living in this nation and in these times!

In this month’s issue, we review The Four Agreements, by Don Miguel Ruiz & Janet Mills that helps us understand how self-limiting beliefs are robbing us of our happiness. We often would like to believe that our shortcomings stem from the ‘abuse’ we may have received growing up, when indeed, it comes from our interpretation of such events. That may appear to be a small nuance, but you may want to read that last sentence again and ponder.

As Millennials are coming of age, they are entering the workforce and are becoming a force to be reckoned with. Despite all the negative ‘publicity’ they have been receiving through the press, you may be pleasantly surprised to find out how they manage their funds.

As always, should you need more help on asset protection, drop us a line at 714-966-2646 today! Happy 4th of July!!

17702 Mitchell North Suite 101, Irvine, CA 92614 • tel: 714-966-2646 • fax 714-966-1646 • www.assetprotectioncenter.comPROTECTING YOU AND YOURS

PHANCAO & SHAFFER, LLPAttorneys and Counselors-at-Law

“At our Firm, Your Estate Plan is Not Business,it ’s Personal…”

PRESORTEDSTANDARD

U.S. POSTAGE PAID

CORONA, CAPERMIT NO. 65

Quote of the Month

HIGHLIGHTSIN THIS ISSUE_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

caught up in the daily grind of things, you can get caught up with just making it through the week;

.evisule raeppa semitemos slaog gniveihca taht

strategies I use, as well as my personal overview of the economy. Some of these tips may appear a bit rudimentary, but remember that the most successful techniques are not always the most complex. Rather, it is in the implementation that you will find an abundance of success. Let us discuss the obvious, the state of the economy. With Greece’s meltdown this summer, and with Italy and Spain not too far behind,

.dloh nac .S.U eht gnol woh rednow yam enoWorse still, if you had the opportunity to go to Europe this summer, you realized how horrible the exchange has been. Take a look at the market, gold is reaching unprecedented prices. I might sound contrarian, but I believe investing in gold is

usually runs along the line of the following “Should the world economy collapse, then we

there has been such a meltdown was as far back as the Roman time. Needless to say, technology has evolved significantly since. Should the government find itself in such a dire predicament, I guarantee you we would go to printing money

would go on bartering for services. My point is, do not get sucked into the media frenzy for the long-term. Investments should be steady and boring, such as a money mutual market. E�ciency, one of my favorite topics. Be it in my personal or professional life, I aim for creating

time to get accustomed to, it has revolutionized my e�ciency. More importantly, it has freed up more time for me to dedicate myself to other

having worked for a firm – I had learned to track my time at 15 minute increments, and let me tell ya’, you learn a lot about your work ethic when such scrutiny comes into play. Personal growth – As a professional, many might

.worg dna daer ot flesym enilpicsid llits I si hturt

my evolution, I make it a point to learn about other fields and interests. Learning about other individuals in their respective fields, the history behind monuments; these stories help broaden

.dlefi ym nihtiw em seripsni osla tub ,weiv ymLastly, do not make it a “passive” reading, write down your favorite sections and review them

take you places.

an Estate Planning Attorney .rebmeM lesnuoC htlaeW dna

She is a Personal Family Lawyer who is passionate about

osla idahS .seilimaf gnitcetorp

representing Juveniles, Veterans, & Active Military in CA. She

serves her community as a Big Sister for Big Brothers,

Symphony Board Member.

it ’s Personal…”

Quote of the Month

“Many of life’s failures were people who did not realize how close they were to success when they gave up.”

Announcement

Hopefully you were able to attend Patrick’s great talk on October 8th at the

having one of her own Have You Asked? Estate and Financial Seminar Series, November 10th, 6 pm in the Irvine area, location TBP. It will once again be a fun-

714-966-2646 w w w. a p e l c e n t e r. c o m


• Keep Steady............................Page 1

• Preparing For Medi-Cal ...........Page 2

• Next Door ..............................Page 3

• Design A Routine For You ........ Page 3Have You Asked? Estate and Financial

November 10th, in the Irvine area, location TBP, Not only will you continue to learn and part with great tips from our attorney, she will make it light and fun (as usual)! More importantly, she will focus on Mothers with young children on how to prevent Child Protective Services from ever coming into your home should anything

She will further discuss the importance and type of insurance most to young families! Do not miss this! She will show you how to attain if not millions of dollars in insurance for pennies.

Preparing for Medi-Cal

In our previous newsletters, I discussed at length the ramifications of not being informed about Medi-Cal, the consequences it may have on your family members, and the potential liability you leave open on your estate. Getting old is not an easy thing. Carrying the financial exposure that may come with it can quickly dwindle your life savings, as well as deplete your loved ones’ nest egg. Individuals with a net worth of a million (you read right!) can still qualify for Medi-Cal, you just need to be informed on the techniques available to you as a consumer, but most

could assist you in getting qualified that much faster…

1. Bank Statements

Coming from an attorney, what a shocker right? Hardly, the point is you should have in your possession as many as the most recent 30 bank statements at your disposal. Even though many clients complain about the paper digging

for your counselor to be informed on how to tackle your “excess” assets before a Medi-Cal agent.

2. Any Estate Planning Documents

Having a fully funded, well drafted Revocable Living Trust is primordial for any family. However, when contemplating Medi-Cal, it is also important to determine how your assets are currently held, and whether some re-organization needs to take place in order to help the qualification process

3. Veteran

For everything our men and women of our services sacrifice for our country, providing them additional aid in their old age should be the minimum the government should do on their behalf. And they do, but certainly no one goes out of their

any capacity, it is important for you to let it be known; as you could qualify for additional funding not available to the general population.

.yfilauq nac uoy hcihw ta deeps eht ni elor gib a yalp nac seiraicfieneb etaidemmi ruoy ,nalP etatsE lacipyt a ekilnU

17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com





Black

Black @63%

Pantone 7694

Pantone 1225


PATHS ICON COLORS

Continued on page 3

When Really Is Independence Day?Great Britain declared our independence in 1776, with this year marking our 41st Independence Day. Now if you want to learn some interesting facts about this day, aside from it being filled with flag waving and fun, here is a little historical perspective.History had it that the actual Independence Day of the United States actually was July 2nd, when Congress approved the resolution stating our independence, so that is the ‘official’ Independence Day. However, it is celebrated on July 4th because it was on this day when the wordings for it were approved. It is also the date that appears on the Declaration, which was signed August 2, 1776.But no matter when our real Independence Day is, what is important is that we remember this day in American history with all our heart. Happy Independence Day from your friends at the Asset Protection Center!

4 1

“At our Firm,Your Estate Planis Not Business,it’s a Personal...”

SPECIAL ANNOUNCEMENT

Business / Health / WealthBook Review

In recent years, many so-called asset protection experts claim NV law provides incredible protection against Creditors. That should all else fail, setting up a NV structure is the way to go. Before we dive in, let me state upfront that there is absolutely nothing wrong with NV Statutes. As a matter of fact, indeed, they are quite… Debtor friendly. But is that sufficient when facing litigation?

Many CA residents look to NV to set up some measure of protection for their wealth. After all, because the renowned “charging order” is the only form of remedy, it makes it an appealing forum. In simple terms, a charging order is when a winning creditor’s only solution to collect is waiting for the debtor to get paid on his / her company’s earnings, once the company decides to make that distribution. As you may have guessed, the game being played is that the company will only ‘decide’ to make a distribution once the debtor and creditor come to an agreement more favorable to the debtor. This sounds great, but what of the fact that you are a CA resident, should NV laws govern? Even if your assets were supposedly in NV (which would not be the case for real estate in CA), could you still claim NV law protection? One could argue that the mere fact that you reside in CA should make you amiable to CA laws.

This is literally just the surface of arguments that can stem from a lawsuit. A creditor has many… many options to go after a debtor. The answer? Do not make a forum your end all be all approach. Though NV laws could be seen as a layer of protection, never should it be seen as the only form of protection.

The proper approach you ask? Make an asset protection plan by creating the entire structure so that it will function in all states. Use what is called common law principles, so your plan is not dependent on any single jurisdiction.

A properly Fully Integrated Estate Plan has rules you must follow. Make sure that you indeed follow all the corporate formalities. Make the proper Trustee Appointment, and follow the limitations set upon the Grantor.

Because CA is a community property state, do not underestimate the power of the Transmutation Agreement. The general rule is that the debt of one spouse is applicable to the other. But again, you can find ways around that if you understand the nuances.

If this is a subject that interests you, please reach out to us and request for the Asset Protection CD. You will learn the nuances of this subject matter and we will show you how to keep things simple and efficient – www.assetprotectioncenter.com

17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com 17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com

THE FOUR AGREEMENTS : DON MIGUEL RUIZ, JANET MILLS

In this book, the authors reveal in a very easy to understand manner where our self-limiting beliefs stem from and how these thought patterns rob us of our happiness. By continuing down this path, it is easy to perpetuate an unnecessary life of suffering. Ruiz uses a method called the Toltec wisdom. It offers a useful code of conduct that can help transform your lives and reap the rewards of freedom, love and happiness.

The book provides readers with a timeless wisdom that helps you get in touch with the person you feel within. It helps bring that inner person to the outside world. Though this may appear rather… ‘metaphysical’, the advice given throughout are so powerful due to their simplicity. The authors provide real practical, day-to-day activities as well as exercises you can do today to achieve an inner stillness.

Don Miguel emphasizes that people are blind due to false and self-limiting beliefs we have in our mind and adds that because they trust their beliefs, it sets them up for suffering. In this case, the author illustrates that we’re living in a fog (dream) of our personal dream of life, and in our minds, there are many people talking at the same time, making our whole mind a fog and making us a slave of our those thoughts. Staying in the present, however difficult, is key to unlocking one’s potential.

If you’re looking for an inspiring read that will help you get free, happy and ALIVE, we highly recommend this book, it has the most important teachings all of us need to learn.

The Ways on How Millennials Are Managing Their Money Will Surprise YouThere has been a lot of negative press about the Millennials. They have been called ‘too soft’, spoiled, a generation of trophies, amongst other… unflattering connotations. However, we hope to show you that such categorization is not only far from the truth, but we are willing to bet money on it (pun intended)!

How are millennials shaking up their finances you ask? Because they were raised with a unique upbringing and during economic situations surrounding their lives, experts believe that they are a generation of savers. They are shaking up money management philosophies in surprising ways than the preceding generations.

For one, they are saving for retirement. A reason is that many of the young generations were raised by parents whose accounts dwindled to low levels in the last years, which is why the millennials are saving for their retirement early. By watching the heartaches of their older generation, they learned early to avoid the shortcomings of on-going needless expenses.

According to the Trans America Center for Retirement Studies, seventy percent of the millennials are saving for retirement at 22 years old and almost the same percentage of them have opted into a 401 (k) plan.

But while the millennials are saving more than their counterparts, the issue of gender gap hasn’t been fully resolved quite yet. Women between 16 and 24 years old are making just 89% versus what men make. As a result, younger men can save 10% of their income versus women who can only do 9% of their income. To add insult to injury, studies reveal that more than 50% of female millennials are only saving up to 5% of their income.

A new twist one can see in this generation is that millennials combine personal finance and technology when it comes to money management. Social media and internet are second nature to these young people, and they have learned to shape their lives in a way where everything is connected. From downloading money to ordering food and buying music, technology is somehow intertwined in every aspect of their lives; and money is no exception.

There you have some ways in which millennials are managing their money – from retirement, saving to investing or shopping; this generation seems to be doing a great job, as many of them are looking into saving at an earlier age as compared to the preceding generations, such as Gen X and baby boomers.

Continued from page 1

grow. Heck, you may one day need to go to a different arena altogether.

Staying flexible is the name of the game, keeping your mind strong and willing to change will set you apart from your peers. As we head into the midterm of the calendar year, we at Asset Protection Center encourage you to evaluate your progress thus far, and adjust accordingly. Let

32

IS NEVADA’S ASSET PROTECTION TRUST REALLY STRONGER THAN OTHER U.S. JURISDICTIONS

Business / Health / WealthBook Review

In recent years, many so-called asset protection experts claim NV law provides incredible protection against Creditors. That should all else fail, setting up a NV structure is the way to go. Before we dive in, let me state upfront that there is absolutely nothing wrong with NV Statutes. As a matter of fact, indeed, they are quite… Debtor friendly. But is that sufficient when facing litigation?

Many CA residents look to NV to set up some measure of protection for their wealth. After all, because the renowned “charging order” is the only form of remedy, it makes it an appealing forum. In simple terms, a charging order is when a winning creditor’s only solution to collect is waiting for the debtor to get paid on his / her company’s earnings, once the company decides to make that distribution. As you may have guessed, the game being played is that the company will only ‘decide’ to make a distribution once the debtor and creditor come to an agreement more favorable to the debtor. This sounds great, but what of the fact that you are a CA resident, should NV laws govern? Even if your assets were supposedly in NV (which would not be the case for real estate in CA), could you still claim NV law protection? One could argue that the mere fact that you reside in CA should make you amiable to CA laws.

This is literally just the surface of arguments that can stem from a lawsuit. A creditor has many… many options to go after a debtor. The answer? Do not make a forum your end all be all approach. Though NV laws could be seen as a layer of protection, never should it be seen as the only form of protection.

The proper approach you ask? Make an asset protection plan by creating the entire structure so that it will function in all states. Use what is called common law principles, so your plan is not dependent on any single jurisdiction.

A properly Fully Integrated Estate Plan has rules you must follow. Make sure that you indeed follow all the corporate formalities. Make the proper Trustee Appointment, and follow the limitations set upon the Grantor.

Because CA is a community property state, do not underestimate the power of the Transmutation Agreement. The general rule is that the debt of one spouse is applicable to the other. But again, you can find ways around that if you understand the nuances.

If this is a subject that interests you, please reach out to us and request for the Asset Protection CD. You will learn the nuances of this subject matter and we will show you how to keep things simple and efficient – www.assetprotectioncenter.com

17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com 17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com

THE FOUR AGREEMENTS : DON MIGUEL RUIZ, JANET MILLS

In this book, the authors reveal in a very easy to understand manner where our self-limiting beliefs stem from and how these thought patterns rob us of our happiness. By continuing down this path, it is easy to perpetuate an unnecessary life of suffering. Ruiz uses a method called the Toltec wisdom. It offers a useful code of conduct that can help transform your lives and reap the rewards of freedom, love and happiness.

The book provides readers with a timeless wisdom that helps you get in touch with the person you feel within. It helps bring that inner person to the outside world. Though this may appear rather… ‘metaphysical’, the advice given throughout are so powerful due to their simplicity. The authors provide real practical, day-to-day activities as well as exercises you can do today to achieve an inner stillness.

Don Miguel emphasizes that people are blind due to false and self-limiting beliefs we have in our mind and adds that because they trust their beliefs, it sets them up for suffering. In this case, the author illustrates that we’re living in a fog (dream) of our personal dream of life, and in our minds, there are many people talking at the same time, making our whole mind a fog and making us a slave of our those thoughts. Staying in the present, however difficult, is key to unlocking one’s potential.

If you’re looking for an inspiring read that will help you get free, happy and ALIVE, we highly recommend this book, it has the most important teachings all of us need to learn.

The Ways on How Millennials Are Managing Their Money Will Surprise YouThere has been a lot of negative press about the Millennials. They have been called ‘too soft’, spoiled, a generation of trophies, amongst other… unflattering connotations. However, we hope to show you that such categorization is not only far from the truth, but we are willing to bet money on it (pun intended)!

How are millennials shaking up their finances you ask? Because they were raised with a unique upbringing and during economic situations surrounding their lives, experts believe that they are a generation of savers. They are shaking up money management philosophies in surprising ways than the preceding generations.

For one, they are saving for retirement. A reason is that many of the young generations were raised by parents whose accounts dwindled to low levels in the last years, which is why the millennials are saving for their retirement early. By watching the heartaches of their older generation, they learned early to avoid the shortcomings of on-going needless expenses.

According to the Trans America Center for Retirement Studies, seventy percent of the millennials are saving for retirement at 22 years old and almost the same percentage of them have opted into a 401 (k) plan.

But while the millennials are saving more than their counterparts, the issue of gender gap hasn’t been fully resolved quite yet. Women between 16 and 24 years old are making just 89% versus what men make. As a result, younger men can save 10% of their income versus women who can only do 9% of their income. To add insult to injury, studies reveal that more than 50% of female millennials are only saving up to 5% of their income.

A new twist one can see in this generation is that millennials combine personal finance and technology when it comes to money management. Social media and internet are second nature to these young people, and they have learned to shape their lives in a way where everything is connected. From downloading money to ordering food and buying music, technology is somehow intertwined in every aspect of their lives; and money is no exception.

There you have some ways in which millennials are managing their money – from retirement, saving to investing or shopping; this generation seems to be doing a great job, as many of them are looking into saving at an earlier age as compared to the preceding generations, such as Gen X and baby boomers.

Continued from page 1

grow. Heck, you may one day need to go to a different arena altogether.

Staying flexible is the name of the game, keeping your mind strong and willing to change will set you apart from your peers. As we head into the midterm of the calendar year, we at Asset Protection Center encourage you to evaluate your progress thus far, and adjust accordingly. Let

32

IS NEVADA’S ASSET PROTECTION TRUST REALLY STRONGER THAN OTHER U.S. JURISDICTIONS





Black

Black @63%

Pantone 7694

Pantone 1225


PATHS ICON COLORS

The Skill of Reivention ......... Page 1

Is Nevada’s Asset Protection Trust Really Stronger than Other U.S. Jurisdictions ......................... Page 2

Book Review ........................ Page 3

Business/Health/Wealth....... Page 3

When Really Is Independence Day? .............................................. Page 4

“The successful man is the one who finds out what is the

matter with his business before his competitors do.”

– Roy L. Smith

July 2017

HIGHLIGHTS IN THIS ISSUE____________

THE SKILL OF REIVENTIONWhen I was a kid, I remember Madonna being such a hit. Everything she sang, everywhere she went, all the things she would say; came to light and some type of media frenzy would be made about it. This was in the 80’s. We are well into the 21st Century, and yet, she is still as relevant today as she was back then. Now that is some serious staying power!

I loved Christopher Reeves in Superman. That movie defined an entire generation. Reeves was an incredible actor. The blessing and curse of being seen as Superman, is that he was now typecast, and was never again able to create a similar success in other roles. Comparatively speaking, both these artists were as talented as the other in their respective field, and yet…

I wanted to be an attorney ever since I was a kid. It was the only thing talked about at dinner, and the only trajectory I envisioned myself in. Ironically enough, once I did become an attorney, I felt I had “made it”. Then began years of learning the trait, which was great. However, as time went on, I understood quickly that practicing law was but one aspect of being an attorney. The better attorneys had a good grasp of business concepts, accounting, marketing, and other facets of being a business owner that translated well into their work. Though it may appear to be a small issue, at first, I couldn’t quite wrap my head around that. Actually, it was quite a struggle. After all, wasn’t all the work and sacrifice to become an attorney enough to have people come knocking at your door?

Obviously not. The trait to become a constant learner had to be developed over time. As great of an attorney (or your chosen profession) as you may believe to be, it is imperative that you do not pigeon-hole yourself in seeing yourself under one light only. As often as you deem necessary, take a look back at your arena and find ways to innovate aspects of your business and your life. There is an old adage about finances that is applicable to our professional life: “You must have three skillsets – it is one skill to make it, another to keep it, and yet another to grow it”. When looking at your profession, “making” it is just the first step, you must work to stay relevant and continue to

4th of July, Independence Day! A date that commemorates the birth of the United States, and its birth as an independent nation. A day in history to be remembered and reason to be celebrated.

What about you as an individual? Do you realize that freedom and independence come from within? We get to achieve freedom if we simply take the time to learn how to deal with our self-limiting beliefs that hinder us to become what we always wanted to be. Living in this incredible country enables us to pursue our dreams with very little constraint or government involvement. We are truly lucky to be living in this nation and in these times!

In this month’s issue, we review The Four Agreements, by Don Miguel Ruiz & Janet Mills that helps us understand how self-limiting beliefs are robbing us of our happiness. We often would like to believe that our shortcomings stem from the ‘abuse’ we may have received growing up, when indeed, it comes from our interpretation of such events. That may appear to be a small nuance, but you may want to read that last sentence again and ponder.

As Millennials are coming of age, they are entering the workforce and are becoming a force to be reckoned with. Despite all the negative ‘publicity’ they have been receiving through the press, you may be pleasantly surprised to find out how they manage their funds.

As always, should you need more help on asset protection, drop us a line at 714-966-2646 today! Happy 4th of July!!

17702 Mitchell North Suite 101, Irvine, CA 92614 • tel: 714-966-2646 • fax 714-966-1646 • www.assetprotectioncenter.comPROTECTING YOU AND YOURS

PHANCAO & SHAFFER, LLPAttorneys and Counselors-at-Law

“At our Firm, Your Estate Plan is Not Business,it ’s Personal…”

PRESORTEDSTANDARD

U.S. POSTAGE PAID

CORONA, CAPERMIT NO. 65

Quote of the Month


caught up in the daily grind of things, you can get caught up with just making it through the week;

.evisule raeppa semitemos slaog gniveihca taht

strategies I use, as well as my personal overview of the economy. Some of these tips may appear a bit rudimentary, but remember that the most successful techniques are not always the most complex. Rather, it is in the implementation that you will find an abundance of success. Let us discuss the obvious, the state of the economy. With Greece’s meltdown this summer, and with Italy and Spain not too far behind,

.dloh nac .S.U eht gnol woh rednow yam enoWorse still, if you had the opportunity to go to Europe this summer, you realized how horrible the exchange has been. Take a look at the market, gold is reaching unprecedented prices. I might sound contrarian, but I believe investing in gold is

usually runs along the line of the following “Should the world economy collapse, then we

there has been such a meltdown was as far back as the Roman time. Needless to say, technology has evolved significantly since. Should the government find itself in such a dire predicament, I guarantee you we would go to printing money

would go on bartering for services. My point is, do not get sucked into the media frenzy for the long-term. Investments should be steady and boring, such as a money mutual market. E�ciency, one of my favorite topics. Be it in my personal or professional life, I aim for creating

time to get accustomed to, it has revolutionized my e�ciency. More importantly, it has freed up more time for me to dedicate myself to other

having worked for a firm – I had learned to track my time at 15 minute increments, and let me tell ya’, you learn a lot about your work ethic when such scrutiny comes into play. Personal growth – As a professional, many might

.worg dna daer ot flesym enilpicsid llits I si hturt

my evolution, I make it a point to learn about other fields and interests. Learning about other individuals in their respective fields, the history behind monuments; these stories help broaden

.dlefi ym nihtiw em seripsni osla tub ,weiv ymLastly, do not make it a “passive” reading, write down your favorite sections and review them

take you places.

an Estate Planning Attorney .rebmeM lesnuoC htlaeW dna

She is a Personal Family Lawyer who is passionate about

osla idahS .seilimaf gnitcetorp

representing Juveniles, Veterans, & Active Military in CA. She

serves her community as a Big Sister for Big Brothers,

Symphony Board Member.

it ’s Personal…”

Quote of the Month

“Many of life’s failures were people who did not realize how close they were to success when they gave up.”

Announcement

Hopefully you were able to attend Patrick’s great talk on October 8th at the

having one of her own Have You Asked? Estate and Financial Seminar Series, November 10th, 6 pm in the Irvine area, location TBP. It will once again be a fun-

714-966-2646 w w w. a p e l c e n t e r. c o m


• Keep Steady............................Page 1

• Preparing For Medi-Cal ...........Page 2

• Next Door ..............................Page 3

• Design A Routine For You ........ Page 3Have You Asked? Estate and Financial

November 10th, in the Irvine area, location TBP, Not only will you continue to learn and part with great tips from our attorney, she will make it light and fun (as usual)! More importantly, she will focus on Mothers with young children on how to prevent Child Protective Services from ever coming into your home should anything

She will further discuss the importance and type of insurance most to young families! Do not miss this! She will show you how to attain if not millions of dollars in insurance for pennies.

Preparing for Medi-Cal

In our previous newsletters, I discussed at length the ramifications of not being informed about Medi-Cal, the consequences it may have on your family members, and the potential liability you leave open on your estate. Getting old is not an easy thing. Carrying the financial exposure that may come with it can quickly dwindle your life savings, as well as deplete your loved ones’ nest egg. Individuals with a net worth of a million (you read right!) can still qualify for Medi-Cal, you just need to be informed on the techniques available to you as a consumer, but most

could assist you in getting qualified that much faster…

1. Bank Statements

Coming from an attorney, what a shocker right? Hardly, the point is you should have in your possession as many as the most recent 30 bank statements at your disposal. Even though many clients complain about the paper digging

for your counselor to be informed on how to tackle your “excess” assets before a Medi-Cal agent.

2. Any Estate Planning Documents

Having a fully funded, well drafted Revocable Living Trust is primordial for any family. However, when contemplating Medi-Cal, it is also important to determine how your assets are currently held, and whether some re-organization needs to take place in order to help the qualification process

3. Veteran

For everything our men and women of our services sacrifice for our country, providing them additional aid in their old age should be the minimum the government should do on their behalf. And they do, but certainly no one goes out of their

any capacity, it is important for you to let it be known; as you could qualify for additional funding not available to the general population.

.yfilauq nac uoy hcihw ta deeps eht ni elor gib a yalp nac seiraicfieneb etaidemmi ruoy ,nalP etatsE lacipyt a ekilnU

17702 Mitchell North Suite 101, Irvine CA 92614 • 714-966-2646 www.assetprotectioncenter.com





Black

Black @63%

Pantone 7694

Pantone 1225


PATHS ICON COLORS

Continued on page 3

When Really Is Independence Day?Great Britain declared our independence in 1776, with this year marking our 41st Independence Day. Now if you want to learn some interesting facts about this day, aside from it being filled with flag waving and fun, here is a little historical perspective.History had it that the actual Independence Day of the United States actually was July 2nd, when Congress approved the resolution stating our independence, so that is the ‘official’ Independence Day. However, it is celebrated on July 4th because it was on this day when the wordings for it were approved. It is also the date that appears on the Declaration, which was signed August 2, 1776.But no matter when our real Independence Day is, what is important is that we remember this day in American history with all our heart. Happy Independence Day from your friends at the Asset Protection Center!

4 1

“At our Firm,Your Estate Planis Not Business,it’s a Personal...”

SPECIAL ANNOUNCEMENT