Fewer doctors in the United States are going into family practice. Solo medical practitioners involved in family practices are becoming scarcer. The American Academy of Family Physicians, in 1986, represented forty-four percent of the practicing doctors. As of 2008, only eighteen percent of practicing physicians are in family practice and that … [Read more...]
Retirement: What if You Haven’t Saved any Money?
Retirement is supposed to be a time of relaxation and enjoyment for Americans. The current economic situation in the United States may require a re-thinking of retirement issues. A recent study has shown that one in four individuals approaching retirement have saved nothing for their retirement years! The Employee Benefit Research Institute … [Read more...]
Medicaid and Legal Malpractice
Governor Cuomo has set up a medicaid re-design team. On the team, there are a number of hospital administrators. These administrators have used this opportunity to press for capping malpractice payment for hospitals. Governor Cuomo has decided to go along with the hospital administrators' request concerning capping malpractice payments in medical … [Read more...]
Dealing With Nursing Home Abuse of Senior Citizens
When you place a loved one in a nursing home, it is your hope that they are going to be cared for. The nursing home is responsible for meeting their needs for food, shelter and medical care. There has been a significant number of cases in recent years where nursing homes have not provided the high-level of care that is their obligation. In some … [Read more...]
The Worst States in Which to Retire
Individuals who reach the age of retirement are usually on a fixed income. It is important for these retirees to receive the biggest bang for their buck. They need to live on a moderate level so they do not live longer than their money can support them. According to the Pew Center for States Report, the ten worst states for retirees to … [Read more...]
The Financial Cost of Medicaid
During the past twenty years, the medicaid expenses faced by every state in the country has been staggering. As more Americans lose their jobs, they turn to medicaid for basic medical treatment. New York State Medicaid Problems In New York State, more than 4.5 million residents are covered by medicaid. It is projected that more than $52 … [Read more...]
Prosecutor Investigating Reclusive Heiress’s Fortune
Ms. Huguettem Clark owns a 52-acre estate in New Canaan, Connecticut. The estate has been unoccupied for more than twenty years. During this entire period, Ms. Clark has been residing in a hospital. She has been active in the society pages of various newspapers and has made many charitable contributions. Ms. Clark in now 104 years of age. … [Read more...]
Medicaid Personal Service Agreement
Imagine this scenario: Your mother or father becomes ill. You have a good job that allows you to support your family, but you feel obligated to help your parent. Your parent has sufficient assets to hire an aid or third-party caretaker, but your parent wants you to help them. You give up your job and begin taking care of your parent. Your … [Read more...]
No Fault Divorce Comes To New York
New York is now joining the other 49 states in the United States with regard to divorce laws. The New York State Assembly has passed a no fault divorce law. Now both the State Senate and the Assembly have passed the liberalized New York divorce law, and it is anticipated that Governor Patterson will sign the new no fault divorce law very … [Read more...]
Why Create An Irrevocable Trust?
Irrevocable trusts cannot be changed. They are permanent trusts. Asset Protection: When you place your assets in irrevocable trust, you remove ownership and control of those assets from the creator of the trust. These types of trusts are used for Medicaid planning purposes. It should be noted that there is a five year look-back period for … [Read more...]
