Angie Krantz

Latest Posts

• Sign Up and Stand Up to Elder Abuse...Annual Training Conference

  Mon, May 15, 2017

  Wednesday, May 17, 2017, join us for a one day annual training conference on Safeguarding Elders and Dependent Adults Against Abuse. 8:30 a.m. - 4:00 p.m. At the Carrillo Community Center, 100 E. Carrillo Street, Santa Barbara.

• Golden Age Nutrition

  Mon, December 19, 2016

  While some aspects of the 'Golden Years' might not feel so golden, this is also the time to live life to the fullest; and to do that you need proper nutrition. Perhaps now you finally have the time to do all of those things you have put off, are relishing in extra time with kids or grandkids, or creating the garden you've always wanted. Whatever the activity may be, the foundation (and the energy) comes from a well-balanced, healthy diet rich in fruits, vegetables, legumes, and whole grains. Many changes occur as we age including changes in taste, smell, dental status, and vision-all of which directly impact appetite and dietary intake. Nutrient status also changes due to age-related declines in absorption, use, or activation of certain nutrients. There are a few nutrients in particular that Golden Age folks need to make sure are part of their daily diet like vitamin D, calcium, and B vitamins; but no need to worry because you can find most of these nutrients in your own backyard.

• Finding A Fiduciary: 3 Easy Steps

  Mon, November 21, 2016

  Finding the right person to take care of your property, finances, daily care, housing and medical needs is one of the most important decisions one will make in their life time. Naturally, one might think that naming one of their children is the best option. However, naming one's child for this role is often not the optimal for a number of reasons. Commonly, conflict arises among family members when a child is appointed as fiduciary. Family members, including siblings, frequently have trouble communicating with one another, and remaining completely objective. A lot of times, those closest to us disagree over division of personal property, medical care, the selling of assets, and how long the estate should take to complete. An increasing option is to hire a professional fiduciary. These trusted professionals are experienced in managing finances, personal care, medical care, and preserving assets. Because it can be daunting to enlist an outside source with your personal, medical and financial matters, there are 3 essential steps to ensure you hire a trustworthy fiduciary.

• PRINCE ESTATE: NO ESTATE PLAN MEANS DEVASTATION

  Wed, October 12, 2016

  “How can you just leave me standing? Alone in a world that’s so cold?” -Prince (When Doves Cry) UPDATE (October 7, 2016): Certainly news of Prince’s passing is known by everyone now, but the probate court proceedings regarding his estate continue and promise to do so for many months, possibly years. So far, a will has still not been produced or uncovered so it appears no estate planning was ever done. This is an extreme example of intestacy (no will), but bad and broken estate plans produce undesired results too. The federal estate tax (40%) for Prince’s estate comes due on January 21, 2017. An additional 16% to the State of Minnesota will be owed on or shortly after that date. A Minnesota probate court judge recently granted approval to liquidate a mix of homes, vacant lots and one commercial building with an estimated value of $22 million. Most of that will go towards attorney fees. They’ll need to take greater actions to address the taxes. At last count there are two dozen lawyers involved, a number that will continue to grow, representing heirs. Probate court fees are incrementing rapidly as well. There are also other large expenses of unknown amounts (administrator companies, music business, I.P. experts, etc.), who’ve been appointed by the court. It’s been estimated that Prince’s estate may have been worth $300 million. Some quick math illustrates that there may not be much left after all taxes and fees are paid. Probate ensures that all creditor expenses are reimbursed first; before heirs can receive anything. The IRS will become more directly involved soon. You can easily see how any lifetime of hard-earned wealth can be decimated. Whether you speak with us or someone else about yours, please make it a priority that your estate be maximized and planned for before too long, or before it’s too late. Once done, you’ll feel better, knowing that your property will go to who and where you decide. Most of what you read here could have been avoided. Why Some Men Avoid Estate Planning

• Mission Villa Dementia Care Specialist

  Mon, September 19, 2016

  805.898.2709 321 W. Mission Street, Santa Barbara, CA 93101 www.mvcare.com [email protected]

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