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Articles

Medicaid May Need an Additional $187 Million

No Comments News & Updates

If congress does not extend the temporary aid provided to state Medicaid programs, Mississippi will have to come up with an additional $187 million to cover the shortfall next year.  More here.  Congress, in the face of mid term elections and a public that is fed up with the deficit spending that has placed this […]

My Will’s Not Valid? What’chu talkin’ ’bout!

No Comments News & Updates

Just days after the death of actor Gary Coleman multiple Wills have surfaced. The childhood star famous for his role as Arnold in the television series Diff’rent Strokes left an estate that appears poised to be disputed by his ex-wife, his former manager, and a mystery woman.  You can read more details here. The will […]

My Will’s Not Valid? What’chu talkin’ ’bout!

No Comments Estate Planning

Just days after the death of actor Gary Coleman multiple Wills have surfaced. The childhood star famous for his role as Arnold in the television series Diff’rent Strokes left an estate that appears poised to be disputed by his ex-wife, his former manager, and a mystery woman.  You can read more details here. The will […]

Medicaid Reductions on the Horizon

No Comments Elder Law

States are worrying that enhanced federal payments to help cover Medicaid expenses during the recession will soon end after the House opted not to include an extension of the funds in its recent jobs bill.  States are lobbying the Senate to put back a provision back into the jobs bill that provided funds for enhanced […]

Billionare’s Estate Tax May be $0 Thanks To Estate Tax Holiday

No Comments Estate Planning

A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and grandchildren tax-free. When John D. Rockefeller, America’s first billionaire, died in 1937, his estate paid 70 percent.  But Dan L. Duncan, a Texas natural gas billionaire who owns natural gas processing […]

North Korea Finds Fountan of Youth

No Comments Elder Law

North Korea claims to have developed a "super drink" that, it says, can multiply brain cells and stop skin ageing.  The secretive state's official news agency, KCNA, says the drink contains 60 kinds of "microelements" extracted from more than 30 species of plants.  It attracted "much interest from Chinese, German and other businessmen" at a […]

Medicaid Repeals Rate Reductions

No Comments Elder Law

The Mississippi Division of Medicaid has repealed its earlier reduction of reimbursement rates for nursing homes, pharmacists, and physicians.  Link  Medicaid now says it has enough money to get it through the rest of this fiscal year through administrative cuts.   

LA Times Reports on Mississippi Medicaid and Healthcare

No Comments Elder Law

An article in the LA Times reports: Mississippi is one of eight states that cut its Medicaid rolls between 2004 and 2008, according to enrollment data analyzed for the Kaiser Commission on Medicaid and the Uninsured. In the same period, the number of Mississippi children living in poverty increased. Enrollment in Medicaid has begun creeping […]

Avoiding Self Employment Tax With S-Corp?

No Comments Commercial

Many professionals that have attended my Boot Camps for Advisors have heard me discuss the benefits of operating their business as an LLC taxed as an S-Corporation and paying a portion of their earnings as salary, and the remainder as distributions, to avoid some self-employment tax.  That strategy may soon come to an end with […]

Mississippi Medicaid Costs to Increase 4.8% as Result of Healthcare Reform

No Comments Elder Law

Although most of the coverage expansion under the Patient Protection and Affordability Act will come from adding to the Medicaid rolls, state governments will not have to spend much more on the program thanks to funding from the federal government, according to analysis from the Urban Institute for the Kaiser Commission on Medicaid and the […]

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