Know your roles. They are key to deciphering your rights under contract and statute. A good example is found in the Texas Supreme Court’s recent decision in the Ferreira v. Butler case. Here is the background. Norman divorced Linda. He then married Patricia, who had children from a prior marriage. Patricia died in 2006, leaving a will that left her entire estate to Norman. Norman never … [Read more...] about Roles In Probate and Is the 4 Year Rule Gone?
This may sound harsh, but you need to do more for your family than just sign a will. You should also leave them a map to follow. How do you go about it? Prepare your executor. You should have a list of all of your beneficiaries and professional advisors with their contact information. Tell your executor where you keep your original will. Tell your successor trustees where you keep … [Read more...] about Great Ideas for Families: Preparation Goes a Long Way
The Social Security Administration is not going to call you out of the blue and threaten you with arrest if you do not press a number and give your personal information. Your grandchild does not need you to send $10,000 in small bills, folded inside magazine pages, via federal express to get him or her out of legal trouble. Funds donated through a GoFundMe page set up after a natural disaster … [Read more...] about Scams with a 2019 Twist: SSA, Grandchildren and Disasters
You need to know about Jimmo because many Medicare providers, suppliers, and adjusters are clueless. So says a 2018 report from the Centers for Medicare & Medicaid Services. Jimmo is the name for a 2013 settlement arising from a federal lawsuit over Medicare coverage for skilled nursing care and skilled therapy services. The Jimmo agreement restated the standard for providing continued … [Read more...] about Jimmo Revisited: Improvement vs. Need Medicare Standard
Before you buy into that stereotype that all older Americans are demented, helpless and lonely, check out these statistics. Ninety-seven percent of Americans over 65 are NOT in nursing homes. Here’s an even more interesting statistic - ninety-one percent of Americans aged 85 and older are not in nursing homes. Ninety percent of Americans aged 65 and older DO NOT have Alzheimer’s dementia. … [Read more...] about Old but Not Out: Why You Should Not Write-off Your Elders
If you own a home with a mortgage, then you need to know about 12 U.S. Code Section 1701j-3. More commonly known as the Garn-St. Germain Act, this federal law contains a list of exemptions from a due-on-sale clause for the sale of residential real property. A due-on-sale clause is a tricky little provision that authorizes a lender to accelerate payment of a note if the collateral is sold … [Read more...] about The Due-On-Sale Clause: Exemptions are Limited; Liability is Not