MONEY: Estates don’t make it to heirs

Saturday, February 20, 2010

http://mortonlaw.typepad.com/my_weblog/2010/02/a-tale-of-two-sisters.html

February 10, 2010
A Tale of Two Sisters

*** begin quote ***

While meeting with a client yesterday I heard a story that I thought was instructive and worth repeating. My client’s two aunts were both in the same nursing home. One of her aunts was destitute, and her room was paid for by Medicaid. The other had managed to save a couple of hundred thousand dollars and was in the room next door privately paying for her care at about $5,000 per month. After about 3 years, the other aunt was also destitute and received Medicaid. My client correctly observed that both sisters had the same type of room, in the exact same facility, and received the same care, but one was spending her life’s savings while the other received the same care at no cost. My client wisely recognized the wisdom of planning in order to preserve her life’s savings.

*** end quote ***

Having seen this situation up close and personal, I agree it’s a disaster.

A great aunt gave a substantial estate to eventually getting tossed from a “private” nursing home into a state facilitiy. An aunt, who was merely “great” to me, burned through a several hundred thousand dollar “savings” to wind up the same way.

The answer: don’t get old!

# # # # #

Leave a Comment » | MONEY | Tagged: | Permalink
Posted by reinkefj

RANT: Tiger’s apology; not looking too good

Saturday, February 20, 2010

He’s a private citizen, who is a media star. The billions of bucks he makes off the rubes was at risk by his bad behavior. His image needed to be re-shined. I suspect that what this is all about.

BUT! But, I could care less.

Rosie O’Donnell has made me skeptical of media icon, who have a persona, that hides their true spirit.

So, this may be sincere; time will tell.

Already I’m suspicious. “No domestic violence.” Well, who broke the windshield with the golf club?

As some wag said, “Apparently, the only person who can beat Tiger Woods with a golf club is his wife.”

So after promising to lead a better life, he, or rather his writers, told a whopper!

Argh!

We’ll see.

There’s a Chinese Proverb: “Talk doesn’t cook rice.”

# # # # #

Leave a Comment » | Ranting | Tagged: | Permalink
Posted by reinkefj

POLITICAL: Shrinking the gooferment

Saturday, February 20, 2010

http://www.lewrockwell.com/crovelli/crovelli42.1.html

What Has ‘The Union’ Ever Done for Colorado?

by Mark R. Crovelli

*** begin quote ***

Enough time has passed, and enough Coloradoan blood has been spilled on foreign soil, for Coloradoans to realize that the federal government has not, and never will, protect Colorado from foreign threats. For, the tragic history of the relationship between Coloradoans and the federal government reveals no foreign threats to Colorado except those provoked or imagined by the federal government. The historical record reveals, in other words, a federal government that is itself bathed in the blood of Coloradoans.

*** end quote ***

You could insert ANY state in this paragraph. Including Hawaii. FDR engineered that attack.

We need to pare the Federal gooferment down to size. One way to do it is state by state.

# # # # #

# # # # #

Leave a Comment » | Political | Tagged: | Permalink
Posted by reinkefj

FUN: dogmatic

Saturday, February 20, 2010

http://www.thefreedictionary.com/dogmatic

# # # # #

Leave a Comment » | FUN | Permalink
Posted by reinkefj