Author Archives: Parks & Jones

The right to refuse life-extending medical care is well-established in the U.S. Millions of Americans have living wills instructing doctors not to give them certain kinds of treatment. In Japan the idea is a novel one and being hotly debated. In the United States when you prepare your estate plan, you will be asked if […]

Under federal law if a nursing home patient goes to a hospital and the nursing home subsequently refuses to readmit the resident, the resident is entitled to an administrative hearing conducted by state government. However, even when residents win the hearings it can be difficult to get some states to enforce their own rulings. Bruce […]

The Department of Labor's pending regulation concerning financial planners who handle retirement accounts has caused some concern that popular media figures like Dave Ramsey might be censored. Elder law advocates have long been concerned that people who receive bad or self-interested advice from financial and retirement planners have little, practical recourse. If someone follows bad […]

Many people are under a false impression that they do not need to make withdrawals from an IRA they have inherited until they have to take withdrawals from an IRA they initiated. To avoid penalties it is important to understand the rules. If you have an IRA of your own or you inherit one from […]

Social Security is designed to be a pension system that replaces income when people retire.  However, it is not designed to be a full pension that replaces your entire income. It is therefore important to know what percentage of your current monthly income you will receive in monthly Social Security benefits after retirement. Social Security […]

One of the most important decisions that seniors make is when to start taking Social Security benefits. The full retirement age for most people is 67, but that does not necessarily mean that everyone should wait to start benefits until then. Americans born after 1960 achieve full retirement age at 67. That is when a person […]

Many seniors in the U.S. fall victim to living trust scammers who scare and intimidate their victims into purchasing worthless, unnecessary trusts. Seniors need to know what to look out for to avoid being victims. Going through probate can be burdensome on an estate. The estate tax can devastate the wealth of estates. Both of […]

The last proposed budget of Barack Obama's presidency contains several changes to the tax codes important to estate planning. President Obama has submitted his last budget proposal to Congress. It contains many of the same changes to the tax code he has previously attempted to implement. While there appears to be little chance the Republican […]

The Congressional Budget Office estimates that a bill to fix the backlog in Medicare appeals could cost $1.7 billion. The Audit & Appeals Fairness, Integrity, and Reforms in Medicare Act is a bipartisan effort in the Senate to help with the current backlog in processing and adjudicating Medicare appeals, which is currently 587 days. The […]