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Man’s love for model automobiles is passed on to church. While it is not unusual for a church to be remembered in a parishioner’s will in the form of money or securities, it is unusual for a church to receive a house full of valuable model cars. But Minnesota resident Dennis Erickson did just that […]
There are many misconceptions about the federal estate tax. There is no shortage of complaints against estate taxes and there is no shortage of misconceptions about how the estate tax system actually operates but recently Yahoo! Finance cleared up some common misconceptions in “4 Things You Probably Don’t Understand About Estate Taxes,” including: Your heirs […]
Elderly hoarders may face housing problems and some expensive bills. Hoardings creates problems for people who find it difficult to throw things away, making their homes so crowed it is difficult to clean and difficult to navigate. Hoarding can also be a problem for the elderly and for their families as described in “The Painful […]
Medicare considers funding diabetes prevention program. Identifying successful prevention programs and funding them has long been a challenge but there may be a breakthrough on diabetes as the Washington Post reports in “Medicare could soon pay for services to keep diabetes from developing.” A five-year pilot program was conducted at YMCAs throughout the U.S. designed […]
People who have approached Medicaid for assistance to help pay for nursing home care have long run into the “Look-back period.” Medicaid is designed to help Americans who are unable to pay for nursing home care but the agency takes a long look at those who have recently transferred assets. Since Medicaid is only supposed […]
A law firm from Great Britain joins the list of those suing the estate of Michael Jackson. A British law firm claiming it was not paid $200,000 it charged for services prior to Michael Jackson’s death has joined the list of creditors suing the estate. But the estate took six years to deny the claim […]
Appeals court in Iowa rules state does not have to protect nursing home residents from predator. The State of Iowa asked a court for permission to release William Cubbage, a dangerous sexual predator in Iowa’s treatment program, and place him in a nursing home. The court found Cubbage was still dangerous but agreed to placement […]
Estate sale features some possessions with historical significance belonging to former Speaker of the House Jim Wright. Jim Wright, who spent 34 years in the U.S. House of Representatives and served as Speaker of the House, resigned in 1989 during an ethics investigation. Wright passed away last year at the age of 92 and his […]
Counties that have a large population of wealthy elderly people also have problems with brokers. Broker misconduct is costing elder Americans $17 billion annually, according to estimates from the White House. An article in Forbes entitled “What Your Aging Parent’s Broker Isn’t Telling You” details a recently released study conducted over a 10-year period by […]
New Medicare rules will reduce the $20 billion payments to doctors for administering prescription medications. Medicare Part B reimburses doctors for administering prescription medication to a patient in a doctor’s office or hospital outpatient facility for the cost of the drug plus an additional 6%. Because the more expensive the medication the more the doctor […]
