For many people, the idea that you would leave your children, grandchildren and other relatives out of your will is something you would never contemplate. For others, disinheritance is a much more common reality. Though there is no one answer as to why someone would choose to disinherit his or her family, there is also no law that forces you to leave property to your children and descendents. There are several well-known cases where celebrities have disinherited at least some of their family … [Read more...] about Celebrity Disinheritances
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Emergency Room Visits Higher For Medicaid Patients
A new study released recently analyzed the survey results of over 230,000 people and found that those receiving Medicaid have a much higher chance of visiting an emergency room over the past year than those with private insurance carriers. The study looked at data gathered by the US national health interview survey between 1999 and 2009. About 40% of Medicaid patients had visited an emergency room within the last year, while only about 18% of people with private insurance did the same. The … [Read more...] about Emergency Room Visits Higher For Medicaid Patients
Elder Abuse Scams – 3 Red Flags
Red Flag 1: You must act now. Con artists often use a false time pressure in order to try to get you to agree to a deal that you otherwise would never consider. If someone is offering you a limited time offer, or tells you that you must act immediately or you will miss the opportunity of a lifetime, simply walk away. The false time pressure is a tool specifically designed to get you to not think and to give in to your instincts, which are usually wrong. Red Flag 2: Keep it quiet. A legitimate … [Read more...] about Elder Abuse Scams – 3 Red Flags
The Heiress’s Estate Sale – Glittering Reminders of the Gilded Age
As the drama surrounding the Huguette Clark estate continues to unfold both in the courtroom and in the media, some of the heiress's possessions will soon be sold as part of the estate settling process. As the sole heir of copper mining magnate William Clark, Huguette died last year at the age of 104, leaving behind a $400 million fortune. Though the question remains as to who will inherit her estate, the executors responsible for managing the property are planning on selling some of her real … [Read more...] about The Heiress’s Estate Sale – Glittering Reminders of the Gilded Age
Amy Winehouse – 3 Questions About Her Estate, And What It Can Teach Us About Probate
Question 1: Who receives Amy Winehouse's millions? Because Ms. Winehouse did not leave behind a Will, her parents will receive her entire estate. Though the late singer left behind a brother and an ex-husband whom she apparently still had good relations with, even if she wanted these two people to receive any of her estate, it will not happen because she did not have a Will. The United Kingdom's laws state that whenever someone dies without a Will, known as dying intestate, that person's … [Read more...] about Amy Winehouse – 3 Questions About Her Estate, And What It Can Teach Us About Probate
