Search found 36 matches

by Nutmeg
Fri Oct 06, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3603

Re: Sent to collections by a hospital we've never been to?

Maybe will send a letter to collections and then call the hospital to attempt to have the bill canceled? This makes sense--but if you plan to call the hospital, wait until you receive a copy of the information validating the debt from the collections agency before you do so. Otherwise, the hospital...
by Nutmeg
Fri Oct 06, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3603

Re: Sent to collections by a hospital we've never been to?

Write a letter within 30 days of your receipt of the collections letter stating that you dispute the validity of the bill. Request verification of the bill. See what the collections agency sends you. Then use that information to take further action. This preserves your rights, requires the collecti...
by Nutmeg
Fri Oct 06, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3603

Re: Sent to collections by a hospital we've never been to?

Please do not call the collections agency. Calling does not do anything to preserve your rights and involves your spending your time trying to sort out the source of the error. Write a letter within 30 days of your receipt of the collections letter stating that you dispute the validity of the bill. ...
by Nutmeg
Wed Sep 27, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Merchant Dispute/Chargeback, now sent to collection agency
Replies: 11
Views: 1114

Re: Merchant Dispute/Chargeback, now sent to collection agency

Thanks TJSI, That’s two votes for working with my credit card company. Sounds like I ought to start there. Is there any downside to send back a certified letter disputing the claim to the debt collection agency? By disputing it, I’m not admitting to any culpability or waiving any rights, correct? T...
by Nutmeg
Wed Sep 20, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why is TransUnion pushing True Identity vs credit freeze?
Replies: 28
Views: 12435

Re: Why is TransUnion pushing True Identity vs credit freeze?

I skimmed the terms of service for freezing and locking credit with TransUnion. If you lock with TrueIdentity, you agree to arbitration (but probably with regard to just TrueIdentity's service, not to TransUnion) and you agree to receive promotional materials. If you choose to freeze with TransUnion...
by Nutmeg
Sun Sep 17, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: A medical bill to argue?
Replies: 14
Views: 1720

Re: A medical bill to argue?

In my opinion, it makes sense to ask the receptionist what the charges will be. She represents the doctor (who doesn't have time to deal with insurance) and has access to the information that the insurance company will need and to the fee schedule. If she answered off the top of her head without ch...
by Nutmeg
Sun Sep 17, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: A medical bill to argue?
Replies: 14
Views: 1720

Re: A medical bill to argue?

In my opinion, it makes sense to ask the receptionist what the charges will be. She represents the doctor (who doesn't have time to deal with insurance) and has access to the information that the insurance company will need and to the fee schedule. If she answered off the top of her head without ch...
by Nutmeg
Sun Sep 17, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: A medical bill to argue?
Replies: 14
Views: 1720

Re: A medical bill to argue?

Outrageous. Considering that many of the docs on this forum insist their profession is a business, what other business is there where one is quoted a price and the business itself charges several multiples of that quoted price for the service rendered without recourse for the consumer? Outrageous, ...
by Nutmeg
Thu Sep 14, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 49
Views: 6796

Re: Wiki article - Credit freeze

I am very glad to see that you are doing this! It might be a good idea to include Equifax under "Other Resources." The link to the Equifax help page on credit freezes is here: https://help.equifax.com/s/article/ka137000000DSDjAAO/How-do-I-place-a-security-freeze-on-my-Equifax-credit-file It might al...
by Nutmeg
Tue Sep 12, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3114

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

I would also be grateful for answers to the OP's specific questions. I think that I can freeze credit for my elderly relative who has given me a DPOA, but would like to hear about real-life experience with someone unfreezing credit under a DPOA. I am researching whether I should freeze credit today,...
by Nutmeg
Tue Sep 12, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for supplemental needs trust
Replies: 7
Views: 718

Re: Trustee for supplemental needs trust

I'm positive this is a supplemental needs trust. My sister owns her home from before she was determined to be disabled. Her disabilities are not physical and the 40K she blew through was from a 401K at her last employer, which means outside of SS this inheritance will be her only source of funds. A...
by Nutmeg
Mon Sep 11, 2017 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for supplemental needs trust
Replies: 7
Views: 718

Re: Trustee for supplemental needs trust

Step one in researching how to serve as trustee involves reading the trust document carefully. It may specify reasons distributions can be made. Step two is to consult with the attorney who drafted the trust document. The attorney probably charges an hourly rate, about which he or she should inform ...
by Nutmeg
Sun Sep 10, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to money market funds?
Replies: 8
Views: 935

Re: Alternatives to money market funds

I just finished a project of comparing vanguard mutual funds for an emergency fund. I find it easiest to make my own chart based on Vanguard's information. You can go to Vanguard, Investing, Vanguard mutual funds, Browse mutual funds by asset class, and then use the filters to tailor the responses t...
by Nutmeg
Wed Sep 06, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 5263

Re: how often does high ACT score == scholarship?

My experience was that high ACT scores didn't result in scholarships to the colleges my children wanted to attend. They each had 35 ACT, 4.0 UW GPA, sports (although not D1 ability), and leadership positions. I did extensive searching for merit scholarships on their behalf (as I had the time to do s...
by Nutmeg
Fri Aug 25, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 945

Re: Paying off an inherited business mortgage

I think I agree with every word Celia wrote! Please allow me to add a few more thoughts. 1. When you request the trust documents for your father's trust (which owns the real property), ask the attorney the purpose of the trust. It might affect your decisions going forward. 2. When you read those doc...
by Nutmeg
Thu Aug 24, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 945

Re: Paying off an inherited business mortgage

Thanks for the details you provided! It seems to me that the real property is owned not by you personally but by the trust, a separate legal entity. If so, it seems logical that repairs should be conducted by the trust, not by the business that is the tenant, and that the trust should retain some as...
by Nutmeg
Thu Aug 24, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 945

Re: Paying off an inherited business mortgage

I think my confusion as to the facts arises from the initial statement that "the building mortgage is in trust." Please allow me to ask these questions:
Who owns the real property?
Who established the trust?
Who are the beneficiaries of the trust?

Thanks!
by Nutmeg
Thu Aug 24, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1929

Re: Special Needs Trust - Do we need it??

I am a retired attorney. In my view, the potential costs of ignoring the special needs Trust are greater than the cost of consulting an attorney concerning the best way to protect your sister's finances. Your parents must have had a reason to set up the trust, and if your mother cannot adequately ex...
by Nutmeg
Thu Aug 24, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off an inherited business mortgage
Replies: 12
Views: 945

Re: Paying off an inherited business mortgage

I am unclear as to the facts. Let me see if this is correct: The parents of Determined and Brother are now deceased, so they now own a business. The business pays rent to a trust, which owns the real property where the business is located. Determined is the successor trustee for the trust. The trust...
by Nutmeg
Thu Aug 24, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 32147

Re: What to do when a parent's money runs out?

I haven't read all the posts, but let me see if this is an accurate summary: Q. My mother is retired, in her mid-70's, living in a house that she does not and cannot maintain (which is probably underwater), and living above her means. She cashes my $500 check every month but refuses to listen to any...
by Nutmeg
Wed Aug 23, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How to get power of attorney
Replies: 15
Views: 1768

Re: How to get power of attorney

Thank you all for the pointers and advice. It is much appreciated. I have reached out to a lawyer (friend of friend scenario) locally and am waiting to hear back. In the meantime, seems like durable is the best. The one remaining question I have is the Minnesota forms site states the following for ...
by Nutmeg
Mon Aug 21, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to get power of attorney
Replies: 15
Views: 1768

Re: How to get power of attorney

I am a retired attorney. Here are answers to some of your questions: 1. How can I obtain a Power of Attorney? Your friend should arrange for his attorney-at-law to prepare a Power of Attorney naming you as attorney-in-fact. The Power of Attoney should be signed by your friend and notarized. He shoul...
by Nutmeg
Fri Aug 18, 2017 4:39 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 87
Views: 23993

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

Can someone please provide an example of a listed U.S. corporation that contributes to genocide or crimes against humanity?
by Nutmeg
Thu Aug 17, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 82 yr old widow in TN
Replies: 20
Views: 1540

Re: Asset Allocation for 82 yr old widow in TN

Someone asked about taxation of jointly-held taxable accounts upon the death of one of the co-owners. Half of the shares will retain the same basis that existed before the death. The other half will be marked-to-market as of the date of death. This can result in either a step up or a step down in ba...
by Nutmeg
Mon Aug 14, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3773

Re: Public vs Private Elementary

The OP asked what we did. We chose to send our children to private (Christian) schools for religious reasons in every location in which a Christian school was available. We did this even in the years that the tuition was 20 percent of our income because giving our children a religious education was ...
by Nutmeg
Thu Aug 10, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Basic decisions about will/estate planning for young kids
Replies: 5
Views: 578

Re: Basic decisions about will/estate planning for young kids

It might give you some peace of mind to know that you can designate a guardian today in a one-page memo just to have something in writing as to your preferences. Then when you go to have your will executed, you can ask the attorney what he or she advises for your state. In one of the states in which...
by Nutmeg
Fri Aug 04, 2017 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Young, first time investor
Replies: 11
Views: 1196

Re: Young, first time investor

Martin101010, I think you are smart not to touch the savings account. It can serve as the start of your emergency fund. You might find that many people here will encourage you to save for retirement. Starting to save early is a great idea, but in my view, the time to start doing so is when you gradu...
by Nutmeg
Thu Aug 03, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to rebalance a $380k portfolio? And pre-tax or Roth 401k contributions?
Replies: 17
Views: 1433

Re: How to rebalance a $380k portfolio? And pre-tax or Roth 401k contributions?

I agree with the suggestion to invest your 401(k) assets in a Vanguard Target Retirement Fund. Doing so is a way to invest in bonds in an index fund with a low ER (because bond index funds make up a portion of the Target Retirement Funds). Then you don't have to be concerned about rebalancing in the...
by Nutmeg
Thu Aug 03, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Advice
Replies: 3
Views: 425

Re: Rebalancing Advice

DSInvestor is correct in referring to capital gains tax events. Note that, if your taxable income is low enough for your tax filing status, you might not actually owe any capital gains taxes even if you sell in your taxable account.
by Nutmeg
Thu Aug 03, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Structuring payoff offer for house in foreclosure, above water
Replies: 27
Views: 3096

Re: Structuring payoff offer for house in foreclosure, above water

I empathize with your family. I recognize that you didn't ask about this, but now that the first mortgage has been paid off and your family's mortgage is in first place, please be certain that the house is insured, that the noteholder is notified of any insurance cancellations, that the property tax...
by Nutmeg
Mon Jul 31, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Will/Trust Plan Thoughts?
Replies: 56
Views: 5138

Re: Will/Trust Plan Thoughts?

Fourwheelcycle--I am familiar with the laws of only three states, but none of those states requires a non-sibling trustee. I am currently serving as a trustee of a trust along with one of my siblings, and we are both beneficiaries, along with others. I encourage you to check the laws of your state. ...
by Nutmeg
Thu Jul 27, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Helping MIL get to retirement
Replies: 12
Views: 1654

Re: Helping MIL get to retirement

Cas--I agree that beneficiary designations should be checked to make sure the ex-husband's name isn't listed. I would do that before anything else! I had forgotten about the ex-husband.
by Nutmeg
Thu Jul 27, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring IRAs from American Funds to Vanguard
Replies: 15
Views: 1247

Re: Transferring IRAs from American Funds to Vanguard

Vanguard target date funds are diversified. Yes, you can roll over your accounts to Vanguard now, choose a target date fund that corresponds to your desired asset allocation, and then take your time deciding whether to move your accounts into different funds. You might find that your best approach w...
by Nutmeg
Thu Jul 27, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Helping MIL get to retirement
Replies: 12
Views: 1654

Re: Helping MIL get to retirement

1. Estate planning. If your MIL plans to move to a different state soon, she might consider the fact that her estate planning documents should be reviewed (if not rewritten) by an attorney in her new state. As an attorney, I was disappointed to hear that her sttorney's questions might have led to he...
by Nutmeg
Thu Jul 27, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement
Replies: 19
Views: 1849

Re: Mid/Late 20's - Student Loan Paydown vs Saving for Retirement

OP--You are getting a variety of results because different people have different values. Some value simplicity, so they advise you to pay off the smaller loans, even though their interest rates are lower. Some value being totally debt-free, so they advise you to pay off your wife's loans even though...
by Nutmeg
Wed Jul 26, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Short term lease to home buyer
Replies: 32
Views: 1255

Re: Short term lease to home buyer

It appears that your buyer is attempting to turn his problem into your problem. If you are willing to accept the risk that the buyer cannot ultimately buy the house after moving in, you should be compensated for that risk. The amount of money that other previous buyers and sellers have agreed upon f...