Unknown Medicaid Rule: Estate Property is Received on Parent’s Day of Death
Unknown Medicaid Rule: Estate Property is Received on Parent’s Day of Death
Some people mistakenly believe that an applicant for Louisiana Long Term Care Medicaid does not own property that belonged to their parents when the parents’ Successions have not been completed. Here’s an example: Grandparents owned a piece of real estate. Grandparents died many years ago leaving two children, a son and a daughter. Either the grandparents’ Wills, or intestate law (you pick) leaves the property to the two children, equally. The grandparents’ successions were never completed leaving title to the property in grandparents’ names. Grandparents’ daughter is now requiring nursing home care and is applying for Louisiana Long Term Care [More]
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Accounting For Death
Accounting For Death
“Accounting For Death”, my first student film, done in 16mm on a Bolex camera. No accountants were harmed in the making of this film. Music in the credits co…
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The Death of Financial Planning
The Death of Financial Planning
The average investor has had zero growth and many have lost money over the last decade! But it didn’t have to be that way. This video will highlight the failure of “financial advisors” and planners to successfully protect their clients and the massive failure of an entire industry. It will help you understand the academic principles of investing that could have helped you avoid these failures. It is never too late to start rebuilding your future; this video will show you how. Keep it real, Mark **DISCLAIMER** Past performance is no guarantee of future results. All investing involves risks and [More]
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Tax Tip: Liability after death
Tax Tip: Liability after death
The following is now available on the CRA Web site: Did You Know … That as a legal representative of a deceased person you can be held liable for amounts the deceased person owes? Protect yourself by obtaining a clearance certificate from the Canada Revenue Agency before you distribute any property under your control. A clearance certificate certifies that all amounts for which the deceased is liable to us have been paid, or that we have accepted security for the payment. If you do not get a certificate, you can be liable for any amount the deceased person owes. The [More]
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