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Estate Planning News
Maine Woman Pleads Guilty To Making False Statements Related To Health Care Matters
Alexandria, Louisiana DEBORAH J. GALINSKY, age 52, from Portland, Maine, pleaded guilty today before United States District Judge Dee Drell to making false statements related to health care matters, announced United States Attorney Donald W. Washington. The guilty plea is subsequent to an indictment returned by a federal grand jury in June 2002. GALINSKY was the guardian and conservator of her mentally handicapped sister from 1995 through November 2000. GALINSKY failed to disclose a monthly annuity payment from the Defense Finance and Accounting Service (DFAS) on Medicaid applications in 1997. The annuity was set up by GALINSKY’s deceased father for the care of his mentally handicapped daughter. In 1997, GALINSKY placed her sister in a group home in Vernon Parish and was later transferred to Grant Parish, where she remained until 1998. The cost to house the defendant’s sister in the group homes was $48,598.20, which was paid by Medicaid. Had Medicaid known about the annuity payments, Medicaid would not have paid for the cost of the group homes.
Sentencing is scheduled for January 14, 2004. GALINSKY faces a maximum sentence of 5 years imprisonment, a maximum fine of $250,000 and a 3-year maximum term of supervised release following the completion of the prison term.
Sentencing in federal court is governed by the United States Sentencing Guidelines established by the United States Congress and the United States Sentencing Commission. Parole has been abolished in the federal system.
This investigation was conducted by the Federal Bureau of Investigation. The case is being prosecuted by Assistant United States Attorney Kelly P. Uebinger.
Estate planning is a process to consider alternatives
Good estate planning is more than just a simple Will. Estate planning also typically minimizes potential taxes and fees, and sets up contingency planning to make sure your wishes regarding health care treatment are followed.
On the financial side, a good estate plan coordinates what would happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or if you die.
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Definition:
A person in whom one places great confidence in and upon whom one relies for his or her integrity, trust, and good faith. A fiduciary has the legal duty to act in the best interest and benefit of another and therefore is held to the very highest legal standards. A trustee is a fiduciary.
Gross Estate
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The value of an estate before the debts are paid. In California Probate statutory attorneys and personal representatives fees are usually calculated based on the gross value of the estate, so that the value of the home is calculated before deducting the amount due on the mortgage.
Devise
Definition:
A gift made by a will or a trust. A devise is made to a beneficiary under the terms of the will or trust.
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