Category Archives: Estate Planning

Restatement (Third) of Property and Class Gifts

Lawrence W. Waggoner (Lewis M. Simes Professor of Law, University of Michigan) has recently published his article entitled Class Gifts under the Restatement (Third) of Property, 33 Ohio N.U. L. Rev. 993 (2007). Here is the conclusion to his article:….. To continue reading this legal news please click Read full information...

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New Jersey Launches NJ ABLE Program

Public Law 113–295, also known as The Stephen Beck, Jr. Achieving a Better Life Experience Act (ABLE Act), was enacted December 19, 2014. The ABLE Act provides individuals with special needs and disabilities to save money for disability related expenses in tax-free savings accounts while preserving their needs-based government benefits. Modeled on 529 college savings plans, ABLE accounts are intended to assist individuals with disabilities and their families to save private funds to supplement benefits provided through private insurance, Medicaid, supplemental security income (SSI), employment, and other sources. Establishing an ABLE account allows beneficiaries to save money for disability related expenses while maintaining eligibility for means-tested Federal benefit programs. Money saved in an ABLE account will not affect an individual’s eligiblity for SSI (up to $100,000) and will allow the beneficiary to maintain eligibility….. To continue reading this legal news please click Read full information...

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Seniors Paying More for Generic Drugs Despite Steady Prices

A recent analysis of generic drug prices paid by Medicare Part D enrollees by healthcare consulting firm Avalere Health determined that despite the relatively stable prices of these medications, some seniors find themselves paying more and more each year. The reasons, according to the report, have to do with the way insurance companies place enrollees into pricing tiers and the lack of policy changes to curb higher out of pocket costs for elders. As reported by Avalere, insurance companies have been moving many generic drugs into copay tiers requiring patients to pay larger portions of the drugs’ cost, thus shifting more costs onto patients this way and keeping Part D premiums stable. The moves are important to insurance companies because they understand enrollees decide on their Medicare Part D plans based on the price of the premiums. Unfortunately for patients, they do not realize the full costs of their healthcare plans until they start filing prescriptions. The….. To continue reading this legal news please click Read full information...

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Being an Executor is an Important and Often Risky Task

Writing out a will is often pushed back on a person's agenda, as well as updating it when important life changed occur. There are are potential risks that happen if you fail to do either of these, such as their….. To continue reading this legal news please click Read full information...

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Viral Photo of Nigerian Man Being Buried With $90,000 BMW SUV

A Facebook picture supposedly showing a Nigerian man being buried with a brand new BMW X6 SUV in a small village in Nigeria recently went viral. The story was picked up by several news stations and continued to be shared….. To continue reading this legal news please click Read full information...

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