The summer of 2022 saw extremely high inflation rates nationwide, spiking to 9.1% in June. While inflation causes all prices to go up, the healthcare industry was hit particularly hard. As a result, prescription drug costs soared, and many necessary medications became out of reach. To help combat rising prices, President Biden signed the Inflation …
Healthcare Benefits of the Inflation Reduction Act Read More »
So, you have made the choice to visit an estate planning attorney and after meeting with the attorney you have determined that a trust is the right estate planning tool for you. All the hard choices are over, right? You may be thinking the estate attorney can handle the rest and make all the tough …
1031 Exchanges: Generally Tax Free Exchanges of like kind real property used in a trade or business, or for investment, are allowed under the IRC Sec. 1031. Real property generally qualifies as a like kind asset to other real property, even if the difference in value or appearance is significant. This technique allows growing companies …
In a state like South Carolina, with so many people from other states moving in, it’s sometimes hard to navigate which legal team should assist with new legal needs arising after the move south. Many newcomers to South Carolina are moving their primary residence to the State, which can stir up various questions from income …
The end of year rush to use your 2022 annual gift exclusion of $16,000 (per individual) is over. But there’s good news, we are now in 2023 and the annual gift tax exclusion has increased to $17,000 (or $34,000 for a married couple). More good news, you do not have to wait until December to …
With the market rapidly changing and prices constantly going up, people across the nation are increasingly taking notice of their line items. As such, to be more transparent in the medical field, the Centers for Medicare and Medicaid Services adopted the Hospital Transparency Rule, which has been divided into four separate stages. The first began …
Through the Looking Glass: The Price Transparency Rule in 2023 Read More »
Calling your doctor’s office to schedule an appointment for you to come in and be examined and treated has been the custom for decades. However, thanks to advancements in modern technology, this process has been streamlined and can now all be done online. Taking the technology further, patients can now live chat online with their …
In South Carolina, there are three types of dissolution processes for a corporation: voluntary dissolution, administrative dissolution, and judicial dissolution. Planning ahead can help avoid a situation where court intervention and litigation is required to wind-up your entity and distribute its remaining assets. Voluntary dissolution is the process by which a corporation’s members choose to …
Dissolution of a Corporate Entity: When Legal Proceedings are Necessary Read More »
The National Practitioner Data Bank (NPDB) requires that hospitals and other health care entities report physicians or dentists who have had a professional review action taken against them for more than 30 days. It’s important to be familiar with the rules regarding professional review actions and the impact of the civil liability protection. Here is …
The need to “quiet title” to real property often arises when someone has recently purchased property without the benefit of a title search; for example, when purchasing property at tax sale, in a foreclosure auction, or at an estate sale. Such actions can also arise after an owner runs a title search and learns that …
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