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5 Reasons to Discuss Estate Plans Over the Holidays

When you think of your family festivities to celebrate the holidays, estate planning may not be on your mind. We think it should be.

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While eggnog and estate planning might not be the typical tradition, the holidays are a great time to have important discussions with family members.

Why should estate planning be a topic at the dinner table?

Because of the following:

  1. In person discussions are so important when
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Definition of NFT | PCMag

(Non-Fungible Qokay) A guarantee of ownership that is immutable on Ethereum, Solana or other programmable blockchain. Although an NFT can certify ownership of any object whether digital or physical, it is widely used to record the ownership of art and collectibles. Collections of NFTs that are based on some theme and generated by the computer are popular (see generative NFT). See NFT blockchains, Ethereum and Solana.

However, an NFT can verify ownership of land in a virtual world or objects purchased in a video game, as well as membership in a group; essentially an irreversible

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Debt & Death – Rickard & Associates

When our clients meet with us for estate planning, a common question we receive is: what happens to my debt when I die?

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Debt does not go away upon death, but what happens to it can change depending on several factors.

While you do not owe money after death, your estate may owe money.

An estate is determined to become insolvent if the debts exceed the value of the assets.

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Red Flags in Physician Contracts

In recent years, we’ve seen physician contracts increase in length, complexity and burdens on employed physicians. There are lots of red flags that physicians need to be aware of when reviewing their potential contracts.

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Physician contracts contain a wide variety of terms and obligations and can be very specific. It is essential that physicians review their proposed employment contracts with a specialized attorney so they fully understand the potential consequences

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How to Choose: Will v. Trusts

Depending on your situation, assets, stage in life and more, you might need a trust, a will, or both. We can help explain the differences between the documents.

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Wills and trusts are very different estate planning documents and either can be the right choice, depending on your circumstances. While they both provide instructions for distributing assets following death, a trust is generally a much more detailed document.

One of the

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Are You Providing Patients with their Records Quickly Enough?

The Office of Civil Rights (OCR) continues to enforce their HIPAA Right of Access initiative on behalf of patients.

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Healthcare providers have been warned about complying with the HIPAA Right of Access as set out in the 21st Century CURES Act.

Now, providers are seeing words in action.

Since beginning the enforcement initiative, the OCR has brought forth 38 actions with financial penalties against healthcare providers in violation of the

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Ready for an Audit? – Rickard & Associates

Government audits are in full swing and it is essential that your practice is ready. Failure to prepare could result in great fines and loss of patient trust.

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Failure to plan and prepare for an audit can lead to disastrous results. If you fail to catch mistakes in your billing, you may face hefty fines from the United States Department of Health and Human Services (HHS).

To avoid these fines

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Protect Your Practice Against Telemedicine Fraud

Telemedicine has continued to thrive in a post-pandemic world, but with the expansion of services comes the expansion of fraud.

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The Office of Inspector General (“OIG”) has warned healthcare entities to use ‘heightened scrutiny’ when entering telemedicine arrangements that have suspect characteristics of a fraud scheme.

The OIG has stated that a common characteristic of fraudulent schemes is the use of kickbacks to recruit and award healthcare practitioners.

The OIG

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by Oktavina•