CLIENT UPDATE – NOVEMBER, 2011

ŽIf you have disabled or special needs children or grandchildren you might want to contact Ahead with Horses, which provides recreational and educational activities with horses, at 818-767-6373. Ž 2012 Medicare premiums for the Advantage plan are scheduled to be cut 4% while other plans contemplate increases of 10%, according to U.S. Department of Health and Human Services. There will be a 3.3% increase in social security benefits starting in January. Until the end of 2012, the estate tax exemption is $5 million per person and $10 million per couple. What happens then is anybody’s guess. The Treasury Department has announced it will phase out paper checks by March, 2013, for public benefits, including social security. If you have an internet account, make sure that you have either written the password(s) and codes in your estate planning documents or given them to someone you trust. As more and more activity is done online, this is increasingly important. The CBC news reports that “a new study shows the rates of sexually transmitted infections are rising rapidly in people over 50 who are popping erectile dysfunction drugs”. Who knew? Quotables: “Confidence is what you have before you understand the problem” (Woody Allen, quoted in The Week).Ž Books: I strongly suggest the Ron Chernow biography of George Washington; it is very readable and objective about both his strengths and faults. Beware of non-attorneys who draft legal documents for you cheaply so you can “save money by avoiding attorneys”. Over the years I have come across several cases where such services did anything but save my clients money. As always, I remind you that if I have done a trust for you, you should contact me every five...