VA Proposes Three-Year Lookback

On Friday, January 23, 2015 (see Federal Register), the V.A. issued proposed new Veterans Administration regulations that would penalize wartime veterans up to ten years for making gifts of assets for less than fair market value. The V.A. is trying to stop what they...

Veterans Trashed

Recently a group was formed by a politician who has designs on a higher office. To say it is blatant play for support from organizations with a lot of political money to spend is an understatement. It is supposedly to protect Vets from the clutches of evil financial...

Understanding Filial Responsibility

Court says kids must pay costs of care for elderly parents California Penal Code Section 270c Except as provided in Chapter 2 (commencing with Section 4410) of Part 4 of Division 9 of the Family Code, every adult child who, having the ability so to do, fails to...

Let Them Eat Cake

For those of you who have no idea what I am talking about, those are the supposed last words of Marie Antoinette, shortly before she and her head decided to take different vacations. They were said upon her being made aware of the fact that most of France was...

Q&A on Life Care Contracts

Some questions and answers about Life Care Contracts: Q. In simple terms, what is a Life Care Contract? A. It is an agreement between someone needing care, typically a parent, and someone providing care, typically a child or grandchild. Q. Why would anyone need such...

10,000 Per Day

No, this is not the cost of a nursing home or your tax bill. This is the number of people who turn 65 every day in America. Let that sink in for a minute, then contemplate the fact that a 65-year old woman today will live another 2 decades. Now consider that this will...