Current Developments in Estate Planning and Business Law: June 2022

By WealthCounsel Staff on Jun 17, 2022 10:00:00 AM

monthly-recap (1)

From the unenforceability of arbitration clauses in trusts to the applicability of the Americans with Disabilities Act to small businesses, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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Supreme Court Rules Medicaid Can Recoup Against Settlement Funds for Future Medical Payments

By Jill Roamer, JD, CIPP/US on Jun 15, 2022 10:27:00 AM

Supreme Court Rules Medicaid Can Recoup Against Settlement Funds

The Supreme Court of the United States issued a ruling last week that dictates that a state’s Medicaid agency can recoup funds for benefits paid against an injured party’s settlement award for future medical expenses.

In this case, a Florida student was tragically injured and left in a vegetative state when she was hit by a truck after she stepped off her school bus. Her personal injury suit settled with an $800,000 award, of which roughly $35,000 was designated for past medical expenses. Instead of taking the amount designated for past medical expenses, the state Medicaid agency tried to attach $300,000 of the settlement proceeds.

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What is Needed for a Court-Ordered Transfer of Assets?

By Jill Roamer, JD, CIPP/US on Jun 10, 2022 10:44:00 AM

What is Needed for a Court-Ordered Transfer of Assets_

In Michigan, a court can issue an order for the transfer of assets from one spouse to another when one spouse is institutionalized. Such order is termed a protective order and is authorized under the state’s Estates and Protected Individuals Code. But what is required for a court to issue a binding order?

Topics: legal news
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