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February 2013 Archives

Information on 1031 tax deferred exchanges

Internal Revenue Code Section 1031 allows owners of real estate investment property to sell their property and purchase new property with the proceeds of the sale while deferring the taxes which would ordinarily be due as a result of the capital gain realized on the sale. This is commonly known as a "1031 Tax Deferred Exchange", or a "Like-Kind Exchange". There are very specific rules which must be strictly adhered to for this vehicle to be successfully employed. However, if properly handled, the 1031 exchange can allow investors to legally defer the payment of capital gains taxes which would ordinarily be due on the profits realized from the sale.

Nursing home abuse medical review bill advances in one state

When patients become the victims of nursing home abuse, it falls on their family members to take legal action against the care center that was supposed to care for them. Nursing homes are expensive options and are often used as a last resort when a person is no longer able to take care of themselves and requires constant assistance. Most occupants are older citizens who are unable to speak up when they are a victim of abuse such as malnutrition, physical or sexual assault or neglect.

Serious medical errors don't always lead to license suspension

Whenever you make a serious error at work, you can generally expect a serious consequence to follow. You could be written up, placed on probation, have your professional license yanked or even lose your job. Therefore, it would only make sense to assume that when doctors in New York City are found guilty of making serious medical errors, they would be subjected to the same types of disciplinary action. Surprisingly, while many doctors are given a reprimand or have to pay a fine, they are still allowed to continue practicing medicine, which could put other patients at risk.

Nursing home neglect responsible for patient's death from fall

Nursing homes in New York come under many different names nowadays such as care center, assisted-living facility or retirement home, but their purpose remains the same: to provide quality care for the ailing and elderly residents within their walls. The ideal facility has a nurse on site at all times, adequate staff to monitor residents' conditions and reporting systems that provide emergency assistance and additional medical care when needed. Unfortunately, there are many nursing homes that fail to do this and the resulting nursing home neglect can lead to resident injuries and even death.

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