I am sure you’ve all heard that Kentucky was granted permission to require Medicaid recipients to get a job. I am even sure many of you think this is a fine idea. After all, why should an able-bodied person get to flounder at home and use our tax dollars to garner a benefit.
When I was growing up, today was a big holiday. Washington’s Birthday. (That’s true even though George was born on 11 February- before we normalized the calendar and the 11th under the old system became the 22nd under the system the US adopted in 1752, when George was already 20 years old.) And, we also had celebrated Lincoln’s Birthday ten days ago. (See my post from the 12th of February.)
It’s Black History Month. And, I wrote about Freedom House (1315 Duke Street, Alexandria) a year ago. During its 33 years of operation, some 1 million slaves were sold or traded from this building. Interestingly, these actions occurred even when Alexandria was part of the District of Columbia- Alexandria rejoined the Commonwealth in 1847, after 58 years of Federal Control. (The slave house actually operated from 1828 to 1861; that operation ceased when the US government forcibly took control over the city of Alexandria at the start of the Civil War.)
We’re following up on Friday’s post (the third in this group of four posts), where we began discussing this vehicle. A well-defined revocable living trust covers three phases of the Settlor’s life: his or her productive lifetime, possible incapacitation, and what happens after his or her death.
In business- if you fail to plan, you plan to fail. In these cases, if you fail to plan, other people get to make your decisions. If you are alive and ill, then it’s terrible. If you are not, then your heirs may recall things with more than a bitter taste in their mouths. Consider them, prepare your choices, and act.
Yesterday, we spoke about advanced medical directives (living wills).