A Cure For The Vanishing Mind? Still no magic bullet.

Alzheimer’s disease is sometimes referred to as the “vanishing mind”.  Common early symptoms include forgetfulness, problems communicating, and changes in mood and behavior.  These early symptoms are followed by a greater decline in the person’s cognitive and functional abilities, where assistance with many daily tasks will become necessary.  Ultimately, in the final stage, the person… Read More »

Extra Discounts For Veterans

A veteran – whether active duty, retired, national guard, or reserve – is someone who, at one point in his or her life, wrote a blank check made payable to The ‘United States of America’, for an amount of ‘up to and including my life.’ (Author Unknown) Some companies give Veterans and their families “extra special”… Read More »

No Medicaid Disqualification For “Bad Investment”, But A Five-Year Clash…

It’s not uncommon for parents to invest in a child’s business.  That’s exactly what Raymond Southwick did – he invested money in his son’s business, and in return he received promissory notes requiring repayment. The problem:  His son’s business almost immediately “went south”, leaving the promissory notes nearly worthless.  The BIGGER problem:   Mr. Southwick’s wife… Read More »

Treasury Official Hints at Possible Estate Tax Fix

The following was released earlier today by CPA/national tax expert Robert Keebler: Obama administration officials are considering a proposal to allow taxpayers to elect to apply 2009 rules to their 2010 estate tax bills, a Treasury Department official said in an interview that aired September 12. Treasury Assistant Secretary for Tax Policy Michael Mundaca said… Read More »

Medicaid Planning – Penalties Can Be Costly

Medicaid and nursing home law is full of pitfalls. There is a “look back period” and a “penalty period”, there are “divestments” and “spend downs”, and there are transfers that may be “for fair market value” or “for less than fair market value”. The Michigan Court of Appeals recently ruled that the state correctly imposed… Read More »

Texas Billionaire Dies, No Estate Tax

Texas billionaire Dan Duncan died in March of 2010.  He saved his family billions of dollars in estate taxes by passing away this year, the first year since 1917 when there has been no federal estate tax. Almost 10 years ago, Congress passed a bill “phasing out” the estate tax and setting this year as… Read More »