How much you need for retirement depends a great deal on how long you expect to live. There are now many Web-based calculators that can give you an idea of your life expectancy based on your current age, gender, family health history, smoking and drinking habits,...
It shocks me, still, when famous people with large fortunes die without a will. Latest case-in-point: Aretha Franklin. One of the best singers of my lifetime, Aretha died a couple of weeks ago at age 76. She was married twice, but long divorced and living as a single...
The Detroit Free Press is reporting renowned singer Aretha Franklin died with no will on record. Now her four adult sons have filed notice with the court that they are interested parties in her estate, which looks like it will be settled in probate court. Aretha...
A promissory note is normally given in return for a loan and it is simply a promise to repay the amount. Classifying asset transfers as loans rather than gifts can be useful because it sometimes allows parents to “lend” assets to their children and still...
Medicare is proposing a new flat rate reimbursement system for doctors who treat Medicare patients. Some worry that the plan may reduce payments to specialists and cause fewer doctors to accept Medicare patients. The Centers for Medicare and Medicaid Services (CMS)...
A lawsuit in New York state highlights an issue with some assisted living facilities: No wheelchairs allowed. The lawsuit claims that state regulations and facility policies discriminate against residents and potential residents who use wheelchairs. Filed on behalf of...
