News & Resources
Posted September 2, 2015 in , Corporate and Taxation
DYING TOO YOUNG; LIVING TOO LONG
Copyright © Robert M. Kramer. 2015.
An old adage in financial planning is that an individual has two great risks in accumulating wealth: Dying too young prevents adequate time to create a large estate. Living too long could cause the money to run out.
THE CASE OF THE $3,000,000 IRA AND THE SHOPAHOLIC SPOUSE
Copyright ©Robert M. Kramer 2015
Dr. Allen, a retired surgeon in his early 70s, is not well. His big concern is his spouse, who is a spendthrift, knows nothing about finances, and has never missed a sale.
Posted June 11, 2015 in , Asset Protection
NEW CASE MAY ADVERSELY AFFECT ASSET PROTECTION PLANS
Copyright © Robert M. Kramer, 2015
Asset protection attorneys are concerned about a new Florida case which increases the Statute of Limitation on certain asset protection-motivated transfers from 4 years to 20 years.
Posted May 7, 2015 in , Health Law
JOHNS HOPKINS’ PHYSICIAN SEXUAL MISCONDUCT CASE TO COST $190 MILLION
This past July, Johns Hopkins Hospital agreed to a $190 million settlement with more than 8,000 patients of Dr. Nikita Levy, an employed gynecologist of the facility, who covertly photographed and videotaped women he examined with a pen-style camera. The settlement resolves one of the largest cases of sexual misconduct by a physician in the United States.
Disability Insurance Benefits . . .
Just When You Thought You Were Safe (A True Story)
By: Craig M. Greene Esq.
Dr. Schmukoluvitz (“Dr. S.”) was an orthopedic surgeon practicing in South Miami. In 1989, Dr. S purchased a Pays A Lot Disability Insurance Policy which provided lifetime disability benefits should he ever become Totally Disabled as defined by the policy. Dr. S had a thriving surgical practice when, in 1993, he was involved in a skiing accident, suffering a significant injury to his low back. Dr. S filed a disability claim, and after several insurance company IME’s agreed Dr. S could no longer perform surgery, Pays A Lot began paying benefits. Under the terms of Pays A Lot’s policy, Pays A Lot was required to determine Dr. S’s disability on a monthly basis. That is, 12 times a year, the insurance company was required to evaluate Dr. S’s claim and makes a decision whether he was or was not disabled and was therefore entitled to benefits.
 The names and dates have been changed to protect the innocent.