DID YOU KNOW?
Bright Light Good for Elders
Recent research suggests that better lighting in the homes of the elderly and in nursing homes can result in happier, healthier residents. Eyesight declines dramatically between the ages of 20 and 60.

ESTATE Q & A
Is There Any Benefit to Making A Large Taxable Gift During One's Lifetime?
Yes. If an individual makes a taxable gift during his or her lifetime, the gift tax payable on the transfer will be removed from his or her taxable estate. However, if the individual dies within three years of making the gift, this benefit will be lost. 

MEDI-MINUTES
Computer Glitch Forces NJ Nursing Home to File Bankruptcy
Another nursing home has filed for bankruptcy protection, but this time it wasn’t Medicare cuts that caused it. A computer glitch caused the New Jersey nursing home to miss out on $350,000 of Medicaid reimbursements.

NATIONAL NOTES
NAELA Releases Final Proposal for Long-Term Care Financing Reform
The National Academy of Elder Law Attorneys (NAELA) has released a "White Paper on Reforming the Delivery, Accessibility and Financing of Long-Term Care in the United States©," which proposes developing a new system to offer long-term care through Medicare ("Medicare Part D"). 

RESOURCE CORNER
Gary Klott's TaxPlanet Makes Monitoring the Progress of Tax Legislation as Easy as a Click
Gary Klott’s TaxPlanet.com has recently expanded and revamped its Legislation section in order to make it easier to monitor particular legislation. 

TAX TID-BITS
New Bill Offers Immediate Estate Tax Relief
House Democrats have introduced a new plan to provide immediate estate tax relief.