In recent years, both state governments and the federal government have made a lot of money in settling Medicaid fraud cases. Because Medicaid is a jointly run state and federal health insurance program, Medicaid fraud cases often result in both state and federal governments receiving funds. A recent report from the consumer group Public Citizen details exactly how much money is involved. During the first six months of 2012, companies and individuals settling Medicaid fraud cases with the … [Read more...] about States Make Billions in Medicaid Fraud Settlements
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Choosing the Right Executor
An executor is a person who manages the estate settlement process after someone has died. If you create an estate plan you get to choose who your executor is, even though the court will have to approve the nomination and officially recognize the executor, also called a personal representative or estate administrator. If you're having difficulty selecting your executor, here are a couple of tips you may want to consider. Time and Money Executors are not free, and they will have to be … [Read more...] about Choosing the Right Executor
Nursing Home Costs Can Erode a Parent’s Assets
The chances you'll live in a nursing home at some point in your life rise considerably the older you get. According to the Census Bureau, only about 1% of people between 65 and 70 live in an extended care or nursing home facility, but by the time someone reaches 90, that percentage rises to more than 20%. The prospect of having to pay for such care is not a pleasant proposition, as nursing home costs can easily erode a senior's assets. The average cost of nursing home care can easily be … [Read more...] about Nursing Home Costs Can Erode a Parent’s Assets
Thank You Veterans
As we observe Veterans Day, please join us in paying tribute to all the service men and women. We greatly appreciate the sacrifices of mititary personnel and their families. Thank you! … [Read more...] about Thank You Veterans
Commonly Used Estate Planning Trusts
Living Trusts Anyone who creates a trust is known as a grantor, or alternately, a settlor. When grantors create living trusts they do so while they are still alive, as opposed to creating the trust through the terms of their Wills. Living trusts are very popular because the grantor maintains the right to change the terms of the trust, making it a revocable trust. Once that grantor dies those terms then become permanent and the trust becomes an irrevocable trust. Living trusts can be used both … [Read more...] about Commonly Used Estate Planning Trusts
