Malcolm LaVergne, the special administrator of O.J. Simpson’s estate, has sued Primary Holdings, LLC, owned by O.J. Simpson’s son, Justin Simpson, for claiming that he is the owner of O.J. Simpson’s Las Vegas home. Originally, O.J. purchased the home with the help of Primary Holdings, LLC,...
Although the One Big Beautiful Bill signed by President Trump on July 4, 2025, may not directly impact nursing homes, such skilled nursing facilities are likely to feel the pinch. Medicaid is a joint program between the federal and state governments. Most nursing homes in...
Jimmy Buffett’s widow and co-trustee of his trust, Jane Slagsvol, and his longtime financial advisor, accountant, and co-trustee of his trust, Richard Mozenter, have filed suits to remove each other as a trustee. The trust estate is worth an estimated $275 million dollars (which includes...
The last will and testament of Frank Fritz (who was a star on the popular television show “American Pickers” on the History Channel) has been challenged by his father, Bill Fritz, due to lack of capacity. Frank was a co-host on the show (where he and...
Although there is unlimited equity limit of a homestead to be excluded as a countable resource if the applicant for long term-care Medicaid is married and the non-applicant spouse lives in the community (the community spouse), there is a $730,000 equity limit in 2025 if...
Laws vary on whether a houseboat is a home, if it is protected from creditors or if there can even be any tax benefits. Medicaid, bankruptcy and the Internal Revenue Code all address treatment of houseboats. MEDICAID TREATMENT OF HOUSEBOATS AS HOME: Under long-term care Medicaid...
It is often difficult to determine when it is unsafe for someone to drive. This is particularly troublesome for many seniors who fear loss of independence when their driving privileges are lost. This may result in loneliness in addition to no longer being able to...
The most valuable asset that many own is their home. However, sometimes creditors sue to collect debts such as credit card bills, medical bills, personal loans, etc. Bankruptcy can protect your homestead from unsecured creditors – especially if you choose a Texas bankruptcy exemption. Although...
Public benefits (such as long-term care Medicaid and non-service-connected disability benefits for wartime veterans or his or her surviving spouse) are “means-tested”. In other words, the government looks at your resources when you apply to determine if you are eligible for the government to help...
Although planning for disability and death should always be considered in estate planning, the potential need for public benefits or loss of valuable public benefits (such as Medicaid or Veterans’ benefits) should not be overlooked. The following are a few examples of what planning options...
Diamonds may be a girl’s best friend, but actress Anna Strasberg (who some say Monroe never met or only met once) received much more than that from the legendary actress – even though that was probably not Monroe’s intention. Monroe, who died in 1962, left her...
Estate planning is not simply protecting your assets or having a Will and a power of attorney. It is a plan whereby you are in control of your assets during your lifetime when you are well and to protect you if you should become disabled...
Parents own homestead as their major asset. Their health is beginning to decline, and neither of them have long-term care insurance or enough income or assets to pay for long-term care. As a result, if either of them needs long-term care, Medicaid is likely to...
The law evolves as technology does, therefore planning must change as well. Most Americans now have “digital assets” – but probably don’t know what this type of asset is. A digital asset is an electronic record in which an individual has a right or interest....
