Elder Law Blog
This blawg contains information and current events in the areas of estate planning, asset protection planning, Medicaid planning, special-needs planning and elder law.
Author: Ronald C. Morton is a solo practitioner in Clinton, Miss.
Blawg Related Categories: Elder Law • Trusts & Estates • Solo / Small Firm
Recent Posts from Elder Law Blog
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Michael Jackson's Will Tells Us a Lot by Telling Us Very Little
The Will of Michael Jackson was filed in Los Angeles Probate court yesterday. Michael Jackson's Will. From the will we really learn very little about the ultimate distribution of Jackson's large estate. The entire estate…
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Celebrities Die Just Like the Rest of Us, Only with more Public Disputes
Last week saw the sad loss of 4 entertainment icons. Some of my earliest memories of TV with my fatherat the age of 4 were of watching Ed McMahon as Johnny Carson's loyal sidekick. Farrah…
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Medicaid will Stop Provider Payments
In a letter to Medicaid providers, such as nursing homes, dated June 19, 2009, the Division of Medicaid announced that, due to the state's budget crisis, it was out of money and would cease all…
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Make the Children Pay?
One writer recently speculated that states could begin looking to children to pay for the Nursing Home and other medical expenses incurred by their parents and paid by Medicaid. Article here. Specifically, the suggestion is…
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Medicaid on Twitter?
The Communications office at the Mississippi Division of Medicaid is apparently on Twitter. @Medicaid_Truth. Posts seem to be somewhat political in nature, although I applaud the agency's attempt to use new technology to communicate. Technology…
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Joint Tenancy in Estate Property
Occasionally the issue of joint tenancy arises in an estate, usually in the context of bank accounts. The common fact pattern is as follows: Parent names one child as joint owner on his/her checking account…
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The Imporance of Adequate Planning (and a good forfieture clause)
I am witting this post while sitting in the Chancery Courthouse of Leake County, Mississippi, waiting for my turn before the judge to get an order signed. The matter in front of mine illustrates the…
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Post Death Conflict over Account Beneficiaries Can be Avoided
Over the past several weeks I have had occasion to address an all too common circumstance surrounding surprise beneficiary designations. Unfortunately, these "suprises" usually only become known at the death of the account owner when…
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Can my Estate take care of my pet?
In modern society, our pets are an important part of our families. We take them to the groomer so they look their best, take them to the doctor when they are sick, and take them…
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Favorable IRS Ruling Allows Substitution of Assets in GRAT
In Private Letter Ruling 200846001, the IRS ruled favorably for the taxpayer with regard to a Grantor Retained Annuity Trust, or “GRAT,” that contained a provision allowing the grantor, or creator of the trust, to…