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Comments and observations by Suzan D. Herskowitz

Possible Changes to Medicaid Law and Annuities Income

Possible Changes to Medicaid Law and Annuities Income

This would be a game changer. Rep. Markwayne Mullin (R-Okla.) introduced a bill to amend the section of the Medicaid law dealing with the treatment of income. It would provide that if the annuity pays income solely to the community spouse (the spouse that is at home), one-half of the income will be considered available […]

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Let the Grandparents Drive!

Let the Grandparents Drive!

According to research at The Children’s Hospital of Philadelphia, the risk of injury to children in car crashes was 50% lower when grandparents were behind the wheel. “It was the exact opposite of what we expected to find,” says Fred Henretig, lead author of the study and a staff physician in the emergency department at […]

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Federal Estate Tax Update

Federal Estate Tax Update

On July 14 the Senate voted down a proposal that would have permanently repealed the federal estate tax. Whether Congress will fix the upcoming predicament (Jan 1, 2011) remains to be seen. Are you prepared if they don’t?

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Texas Billionaire’s Estate passes tax free

Texas Billionaire’s Estate passes tax free

The estate tax laws were enacted in 1916. In 1937, John D. Rockerfeller’s estate paid 70%. In 2010, however, the tax has been repealed – but for 2010 only! Dan L. Duncan died in March 2010 with an estimated wealth of $9 billion, meaning his four children and four grandchildren will collect billions of dollars […]

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Changes for the Estate Tax Exemption?

Changes for the Estate Tax Exemption?

While the estate tax exemption for 2010 is unlimited, the law is set to sunset December 31, 2010, reinstating the 2001 exemption rate of $1 million on January 1, 2011. Estate and financial planners have wondered since the current law was enacted in 2001 what would happen to the exemption and whether Congress would permit […]

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Changes to Heath Care

Changes to Heath Care

While many of the new Reform Act’s provisions take effect in 2013, 2014, or later or will be gradually phased in, some provisions will become effective immediately or shortly. A few are: A temporary national high-risk pool will go into effect within 90 days. New restrictions on insurers regarding lifetime limits, excessive waiting periods (over […]

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VA Benefits for Vietnam Vets

VA Benefits for Vietnam Vets

Recently the VA announced that veterans some Vietnam veterans are now eligible for benefits because the VA now assumes that all Vietnam Vets have been exposed to Agent Orange and therefore have presumptive disabilities. Based on clinical research, these diseases are on VA’s Agent Orange list of presumptive disabilities. Certain monetary benefits, health care and […]

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