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Hospitals Now Must Provide Notice About Observation Status

Posted by on Mar 20, 2017 in Blog | Comments Off on Hospitals Now Must Provide Notice About Observation Status

All hospitals must now give Medicare recipients notice when they are in the hospital under observation status. The notice requirement is part of a law enacted in 2015 but that just took effect.

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If I Become My Mom’s Guardian and Let Her Remain at Home, Am I Responsible for Her Actions?

Posted by on Mar 20, 2017 in Blog | Comments Off on If I Become My Mom’s Guardian and Let Her Remain at Home, Am I Responsible for Her Actions?

I am considering guardianship for my 87-year-old mom, who has dementia. She lives alone but has been advised by her doctor many times that she should not be alone. She refuses any help from “home health nursing agencies” and she will not consider moving out of her house. If I become her guardian, will I be held responsible for anything that might happen to her if I allow her to continue living alone for a while longer?

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New Book Offers Guidance Through the Medicare Maze

Posted by on Mar 20, 2017 in Blog | Comments Off on New Book Offers Guidance Through the Medicare Maze

Medicare is a mixed blessing. On the one hand, it provides guaranteed coverage for Americans over age 65 or who are disabled, and the program has improved the health of millions since it was created in 1965. On the other hand, over the years Medicare has become incredibly complicated, thanks in part to efforts to privatize it, and running afoul of its sometimes arcane rules can be quite expensive. The program has many moving parts – Part A, Part B, Medicare Advantage plans (Part C), prescription drug coverage (Part D), and Medigap coverage – each with its own enrollment restrictions and costs. In short, Medicare is now so complex that expert guidance is almost essential. That’s where Get What’s Yours for Medicare comes in.

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What Is the Best Way to Make Sure a Trustee Follows the Trust Rules?

Posted by on Mar 20, 2017 in Blog | Comments Off on What Is the Best Way to Make Sure a Trustee Follows the Trust Rules?

We are getting ready to draft a trust. We have one son, so he will be the trustee. What is the best way to make sure he follows the rules set forth in the trust? We have read about nightmares with trust protectors, financial managers/advisors that control the investments, companies that control the trust, and trust managers. We have no other relatives.

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What is Reasonable Compensation for an Agent Under a Power of Attorney?

Posted by on Mar 20, 2017 in Blog | Comments Off on What is Reasonable Compensation for an Agent Under a Power of Attorney?

What is a reasonable amount of reimbursement for me as an agent under a power of attorney who is paying bills, picking up prescriptions, and going on doctor visits and trips to buy groceries for my elderly mother?

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Is It Better to Use Joint Ownership or a Trust to Pass Down a Home?

Posted by on Mar 1, 2017 in Blog | Comments Off on Is It Better to Use Joint Ownership or a Trust to Pass Down a Home?

When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?

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What Can I Do if There Is No One to Replace Me as Agent Under a POA??

Posted by on Mar 1, 2017 in Blog | Comments Off on What Can I Do if There Is No One to Replace Me as Agent Under a POA??

I am an agent under a durable power of attorney for a friend with a challenging form of dementia. I can no longer serve as her agent, and she has no other friends willing to do it. What are my options?

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Costs of Some New Long-Term Care Insurance Policies Rise in Latest Survey

Posted by on Mar 1, 2017 in Blog | Comments Off on Costs of Some New Long-Term Care Insurance Policies Rise in Latest Survey

A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group. But rates for single men and women remained fairly level or, in some instances, actually declined compared to 2016, reports the association.

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Trump Delays Rule That Retirement Advisers Put Their Client’s Interests Ahead of Their Own

Posted by on Mar 1, 2017 in Blog | Comments Off on Trump Delays Rule That Retirement Advisers Put Their Client’s Interests Ahead of Their Own

President Trump signed an executive order calling for a review of the so-called fiduciary rule, which was intended to prevent financial advisers from steering their clients to bad retirement investments by requiring advisers to act in the best interests of their clients. The order delays the rule, which was scheduled to go into effect in April 2017, and the rule may ultimately be repealed.

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Can an Agent Under a Financial Power of Attorney Revoke a Health Care Power of Attorney?

Posted by on Mar 1, 2017 in Blog | Comments Off on Can an Agent Under a Financial Power of Attorney Revoke a Health Care Power of Attorney?

I live in Kansas, and I am the agent under my aunt’s durable power of attorney. Together, we appointed her daughter as power of attorney for health care. I would like to revoke the health care power of attorney, but my aunt is now incapacitated. As her agent under the durable power of attorney, can I draw up and sign the revocation of the health care power of attorney?

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