In late March, the Supreme Court finished hearing oral arguments on the case challenging the Affordable Care Act, the health care reform law passed early in the Obama administration. Though much of the media attention has focused on whether the so-called “individual mandate” is constitutional, the Medicaid expansion provisions, and how the Court rules on it, may turn out to be the key legal legacy of this case. Under the Affordable Care Act, Medicaid coverage will extend to Americans based not … [Read more...] about Supreme Court Medicaid Decision May Be Far Reaching
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Rosa Parks Estate Set To End Probate Battle
While Rosa Parks remains an iconic symbol of the civil rights movement of the 50s and 60s, her legacy remains in legal limbo as representatives of her estate and some of her family members continue to battle over her possessions in a Michigan probate court. However, news comes from the probate court that the estate battle may finally be coming to a close. After her death in 2005, Rosa Parks left behind an estate that had become very valuable largely because of her role in the civil rights … [Read more...] about Rosa Parks Estate Set To End Probate Battle
Medicaid Set To Expand
Under the terms of the Patient Protection and Affordable Care Act, or PPACA, the number of people eligible to receive medical care under the Medicaid program is set to expand in less than two years. The PPACA contains provisions that will allow 16 million more Americans to be covered under the Medicaid safety net. The law states that starting in January of 2014, anyone who has a household income of up to 133% of the federal poverty level can receive Medicaid whether the person is employed or … [Read more...] about Medicaid Set To Expand
3 Financial Traps That Retirees Can Avoid
Trap 1: The Reverse Pension Plan Though they have faded in popularity over the past several years, reverse pension plans are a notorious scam and are always a bad idea. These plans come in a variety of forms, but typically try to convince you to pay a very small upfront fee, usually around $50, for a potential benefit of about $50,000 later on. If anyone comes to you offering a reverse pension plan and tells you how you can benefit from it, you should immediately walk away. Trap 2: Carrying … [Read more...] about 3 Financial Traps That Retirees Can Avoid
“Waiters” And The Reality of Inheritance Planning
The phenomena of “waiters” is something estate planning attorneys are seeing with more and more frequency. A “waiter” is typically a baby boomer who is relying on receiving a substantial inheritance from his or her depression era parents when they die. For many waiters, the prospect of receiving an inheritance is becoming increasingly less likely as numerous demographic factors are complicating the issue. Longevity For many baby boomers and their parents, the increase in lifespan that … [Read more...] about “Waiters” And The Reality of Inheritance Planning
