How much of a taxable capital gain would Teri have to report if she sold the house tomorrow for fair market value?

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How much of a taxable capital gain would Teri have to report if she sold the house tomorrow for fair market value?

Teri is a single widow, age 78, living in the hypothetical American state of New Worcester. Teri purchased a a house in New Worcester in 1967 for $28,000. The current fair market value of the house is $385,000. Teri has four children: Alan, Beth, Cathy and Don. All four are adults and all four have children of their own. However, Don has been having marital troubles and is contemplating divorce. Beth is estranged from one of her adult children, Bertha.

Teri is in relatively good health, but suffers from hypertension and mild heart disease. She is on medication and is being treated for both. Mentally, she is sharp and astute.

Aside from the house, Teri has about $200,000 in cash and securities in savings and a 401(k) account with a current balance of $225,000. She is taking annual minimum required distributions from that account. In addition, she receives $1,800 per month in social security benefits.

She is primarily concerned with Medicaid planning as she doesn’t want to lose her assets if forced to go to a nursing home eventually. Your supervising attorney decides to recommend that Teri set up an irrevocable Medicaid planning trust and to transfer some or all of her assets to that trust.

During the course of the meeting and subsequent discussions, the following questions come up:

1) How much of a taxable capital gain would Teri have to report if she sold the house tomorrow for fair market value?

2) If the house is transferred to the Medicaid trust, what should the trust do to ensure the best capital gains tax treatment of the house?

3) What should the trust do to ensure that Bertha and Don’s soon-to-be-ex spouse do not have access to the trust funds?

4) Should the 401(k) assets be transferred to the trust? Explain.

5) What kind of rights or powers can or should the trust safely give to Teri?

6) The state of New Worcester has an income limit of $1,000/month to be eligible for Medicaid. Is there anything that can be done to protect the excess social security payments from being subject to spend down requirements?

Please answer each question in 1-2 paragraphs. There is no need to IRAC each question. Please make sure to explain your answers and please cite applicable authority for all assertions of law that you make.

 

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Analyse an issue in practice which illustrates the principles of leadership and change management

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Analyse an issue in practice which illustrates the principles of leadership and change management or the principles of leadership and patient safety and risk within the context of multi-professional practice.

? To explore the potential of leadership within nursing to improve the quality of care.
? To do so by linking to key areas of concern within health care i.e. patient safety and change management
? To understand differences in leadership style and approaches
? To analysis the literature
? To help develop your knowledge and understanding of leadership and by doing so to improve your ability to lead and develop services
ACHIEVING PROFESSIONALISM -ESSAY
? Choose to focus on an issue which relates to your specific field of practice.
? You should briefly highlight an issue that you have experienced in practice (no more than 300 words) that focuses on the principles of leadership in relation to either patient safety or change management.
? You will be required to explore the literature that will enable you to discuss and analyse your chosen topic. The analysis should take into account the context of multi-professional practice
? To conclude you should summarise the salient points from your essay and highlight any implications for future practice making links to the original issue
? Please respect the principles of confidentiality
? Adhere to the guidance for Harvard citation

 

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Consider the health care issues and deficits you have recognized in your professional practice.During NP clinical practicum experiences, we identify, as nurses, many health care issues that need to be addressed at the local, state, or national level.

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Consider the health care issues and deficits you have recognized in your professional practice.During NP clinical practicum experiences, we identify, as nurses, many health care issues that need to be addressed at the local, state, or national level.

Consider the following:

During NP clinical practicum experiences, we identify, as nurses, many health care issues that need to be addressed at the local, state, or national level. Addressing the need for change in health care policy is now an intricate part of your role as a social change agent.

For this Discussion, you will identify a change needed in your community and what your nursing legacy for positive social change will be.

To prepare:

Consider the health care issues and deficits you have recognized in your professional practice.
Identify a change needed in your community in health care policy and discuss how you could impart change during your career as an NP.
Consider your future as a NP and what your nursing legacy will be. How will you impart Social Change?

Post at least 250 words (no conclusion or introduction)

 

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Explain the reason for selecting topic one (1), identify the audience, and provide a preliminary thesis statement.

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Explain the reason for selecting topic one (1), identify the audience, and provide a preliminary thesis statement.

Read through the list of research topics (located in the Appendix), or by clicking the link here, on which to write a research paper. Select three (3) topics that interest you most and identify two (2) credible sources for each topic. Note: This is one (1) of several parts that will build toward a final draft of your persuasive writing research paper.

Write a one to two (1-2) page paper in which you:

Explain the reason for selecting topic one (1), identify the audience, and provide a preliminary thesis statement.
Explain the reason for selecting topic two (2), identify the audience, and provide a preliminary thesis statement.
Explain the reason for selecting topic three (3), identify the audience, and provide a preliminary thesis statement.
Identify and document six (6) credible sources (two (2) for each topic) that you would expect to use. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting guidelines:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:

Recognize the elements and correct use of a thesis statement.
Associate the features of audience, purpose, and text with various genres.
Recognize correct APA documentation and reasons to document and avoid plagiarism.
Write clearly and concisely about selected topics using proper writing mechanics.
Use technology and information resources to research selected issues for this course.

TOPIC 1: Should changes be made to the regulations for foods that are served in public schools?

TOPIC 2:

Should the Family and Medical Leave Act be changed?
Topic 3:

Should taxes on alcohol and tobacco be increased to help pay for rising medical costs?

 

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