President Biden’s recent infrastructure package includes $400 billion for care services at home in addition to community services that would be covered by Medicaid. Although present laws provide for such type of home and community services, there is institutional bias as it is generally easier...
Many trusts do not name corporate (i.e., banks or other financial institutions, etc.) or professionals (attorneys or CPAs) as a trustee. Unlike corporate trustees (which generally charge a percentage of assets held in the trust on an annual basis pursuant to a fee schedule) or professional trustees, trusts...
Most Texans have inadequate income and resources or lack long-term care insurance to pay for the cost of long-term care (such as nursing home and assisted living care or care at home). As a result, they often use long-term care Medicaid to help pay for...
Although Little Richard recently died, with an estate estimated at $40 Million, it could have been much greater if he had made better business decisions. He sold the rights to his hit song, “Tutti Frutti”, to Specialty Records for $50 plus a half cent for...
Although you might think something as simple as the act of notarization would rarely result in a problem, careless errors are frequently made. The following are some of the errors we have recently seen or other common errors in connection with notarization: Failure to require personal...
President Trump signed Coronavirus (COVID-19) legislation on March 6 permitting expansion of Medicare coverage for telemedicine in outbreak areas to help contain and treat COVID-19. This is particularly important to those at high risk including older people and people of all ages with severe health...
As a result of an aging population and declining use of “snail mail” (resulting in a loss of stamp revenue), the French postal service now has a program entitled “Watch Over My Parents” whereby the postal worker visits the senior citizen (if subscribed to the...
Many have the misconception that only the wealthy need or can use trusts for estate planning. In this case, an elderly couple has two children – one of the children has a drug problem and the other is a spendthrift and has creditor issues. The...
A California court has ruled that Elizabeth Hurley’s son, Damian, remain a beneficiary of the trust of his grandfather, Dr. Peter Bing, notwithstanding Dr. Bing’s attempt to change the terms of the trust that he established. Another grandchild, Kira Kerkorian, also benefits from this ruling. Dr....
An analysis from University of Pennsylvania researches of data from a study of 154,000 older patients over an eight year period indicates that patients who are given hormone-blocking prostate cancer treatment have an increased risk of Alzheimer’s Disease. Although the results are not proof, the...
