Tax Sale Overbids - procure Them, and Earn a Six-Figure earnings From Your Home Office

Law Offices - Tax Sale Overbids - procure Them, and Earn a Six-Figure earnings From Your Home Office

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Tax sale overbids - in general, people don't know what they are. In general, people haven't even heard of them! Even ask a seasoned tax sale investor what he thinks happens when you lose properties because you couldn't pay the asset taxes. Just about every time he'll say that the tax sale office takes all the money bid at auction.

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Well, too bad for the owner. In about half of the tax assembler offices in the U.S., that's exactly right. If you lose your property, you lose any equity you had right along with it. The government takes the tax sale overbids - every last dime of it. It's morally despicable, but government isn't kindly to the small guy. Anything who's ever paid taxes knows that the government will take Anything money it can get regardless of either it's fair or not.

In the other half of U.S. Counties, however, the government keeps the tax sale overbids - that is, Anything number was bid at tax sale over the number owed in taxes - for the owner. Seems a minute bit better, right? Well, hold your horses - it's not as great as it seems. The government still takes the money if the owner doesn't come to get it within tight window of time - commonly a year.

Here's why this doesn't make it any better: how do you think the government notifies the rightful owner? They've lost their asset - the one with the address on file with the county! The government sends a notification, to consideration the owner of their tax sale overbids - to the house they vacated long ago. This makes no sense.

How often do you think owners perceive the money is there? How hard do you think the governmental department is going to look for the owner, when the effect is that they get to keep all the tax sale overbids that never get paid out?

Are you beginning to see a huge occasion here?

These overbids are created at local government agencies, not at the state level, so they're not governed by state unclaimed funds finder fee law. The owners are missing. You put together the owner with his funds, that he has no clue exists, and payment a 40-50% finder's fee to get it for him. He feels like he hit a jackpot, and your bank account is fattened to the tune of ,000 or more a month. That's if you're working, let's say, 30 hours a week on it.

It's totally legal - for now. If you want to make finder fees, get in right away before the government changes the laws.

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Break the Etf Bric

Chartwell Law Firm - Break the Etf Bric

Hello everybody. Now, I found out about Chartwell Law Firm - Break the Etf Bric. Which may be very helpful in my opinion so you. Break the Etf Bric

During the past year, investor interest in the so-called Bric countries: Brazil, Russia India and China has skyrocketed with a commensurate rise in respective share prices.

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Is it too late to jump on the bandwagon? What is the best way to spend in these countries and what allocations should be made to each country in the Bric group?

Fund flows into Bric countries have risen sharply during 2006 and these markets have bounced back nicely from the sharp June pullback. Interestingly, China has captured about half of all the net increases in investment from global equity managers. This Bric mania has obscured three prominent basics about these markets.

The first is that these are without doubt less advanced emerging markets with commensurate volatility and risk. If you got carried away in 2006, take some money off the table - now.

Second, your strategy for investing in these markets should be long term. The whole idea is that over time these faster growing markets will translate into above mean returns but no doubt there will be lags and bumps along the way.

Third, it would be a mistake to view these four countries as just four cogs in a wheel. Each country has its own strengths and weaknesses and will probably not move together.

Russia for sure and Brazil to a lesser degree are essentially commodity plays. Russian share prices are extremely dependent on vigor prices and since all other indicators such as political freedom, manipulation of foreign investment, cronyism and shop reforms are going the wrong way, I am extremely skeptical of this market.

Brazil offers more hope but is also dependent on commodity prices since they inventory for 40% of all exports. President Lula's re-election this year may lead to more aggressive shop reforms or a pullback which would inevitably lead to the customary boom and bust cycle.

China and India are the most promising Bric options. Both markets have been red hot and China is riding a super cycle of investment which may very well increase straight through the 2008 Olympics. It is clearly in the midst of building a world-class infrastructure in urban areas but the customary risks such as its state-dominated economy, lack of any democratic reforms, and tensions in rural areas where the majority of Chinese still struggle might derail the prized "stability" so touted by the Communist leadership.

My view is that India over the long haul presents investors with the great bull shop of the 21st century. India however, also faces daunting challenges such as how to finance the modernization of its woeful infrastructure given its high debt levels and ambivalence towards foreign investment and privatization? someone else key issue is timing. Large cap Indian fellowships have had a terrifying run and seem quite high-priced at about 20 times earnings. If revenue stay strong in 2007, the shop could strengthen, but if not, expect a sharp pullback.

The best way to spend in these Bric countries is probably straight through low-cost, flexible, transparent exchange-traded funds (Etfs) and their kin - closed-end funds. Claymore introduced the first Bric Etf this fall (Eeb) which tracks liquid U.S. Exchange-listed Adrs and Gdrs. It should any way be avoided since its top ten holdings inventory for 57% of the Etf's total exposure. In addition, 49% of its holdings are in Brazil, 31% in China, 14% in India and 6% for Russia.

You would be better off to make your own Bric allocations based on your risk profile and investment objectives using country definite funds. One option is to use the China iShare (Fxi), the Brazil iShare (Ewz) and the Morgan Stanley India Fund (Iff) as proxies for these markets. Barclay's is planning an Etn that will consequent an index of the largest fellowships on the National Stock change of India but this Etf will be shop cap weighted.

I will wait to see the firm weightings but will probably still prefer (Iff) because of its nice balance with the inclusion of several well respected Indian subsidiaries of world class multinationals such as Siemens and Abb. You need to considered watch the superior that a closed-ended fund trades relative to its net asset value.

Where would I be right now in terms of a Bric allocation? About 30% for China, 20% for India, 15% for Brazil, zero for Russia and 35% in cash.

Bric investors have done very well this year. Take some of your gains and get your financial advisor a nice Christmas present. Even better, use some of the proceeds to join the Chartwell Etf Global Advisor.

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New Etf Innovations for Investors

Chartwell Law Firm - New Etf Innovations for Investors

Good afternoon. Today, I found out about Chartwell Law Firm - New Etf Innovations for Investors. Which could be very helpful in my opinion and also you. New Etf Innovations for Investors

Even as Etfs have gone mainstream, the innovations continue. Here is a divulge of some new creative Etfs that have been launched or will shortly hit the market.

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First Trust Advisors now has eight Etfs available to investors. The First Trust Nasdaq-100 Equal Weighted Etf (Qqewi) weights each of the 100 non-financial associates in the index equally and then rebalances on a regular basis. This avoids the problem in the market-cap weighted Qqqq where the ten largest associates in the index account for 40% of the total value. Other good option that does not get the concentration it deserves is the Fidelity Etf, (Oneq), which tracks the Nasdaq composite index of 3,000 companies. It too is market cap weighted but has somewhat best balance since the top ten holdings characterize 29% of the basket's value.

The First Trust Ipox-100 Etf (Fpx) is a basket that includes the 100 largest, most liquid first collective offerings ("Ipos") in the U.S. Ipox Composite Index. No one Ipo can account for more that 10% of the Etf and the index it tracks measures the average carrying out of U.S. Ipos during the first 1,000 trading days.

Pro Fund Advisors is launching this week its first eight Etfs that allow investors to go long and short favorite indexes in a cost sufficient manner. The Etfs will track the Nasdaq 100, the S&P 500, the Dow Jones market average (Djia) and the S&P Midcap 400.

The Etfs that will target 200% of the value of the basic indexes are Nasdaq 100 (Qld), S&P 500 (Sso), Djia (Ddm) and S&P Midcap 400 (Mvv).

The Pro Fund Etfs that will target 100% of the inverse carrying out of the basic indexes are the Nasdaq 100 (Psq), S&P 500 (Sh), Djia (Dog) and S&P Midcap 400 (Myy). The expense ratio for these new Etfs will be 0.95%.

Rydex is launching six supplementary currency Etfs to build on the favorite Euro Etf (Fxe) as a hedge on the U.S. Dollar. The currency Etfs will benchmark to the spot price versus the $Usd and the strategy for each is to return the spot price, plus interest, less the trust expenses. These new products may be available to investors in about a week and will trade under the following tickers: British Pound (Fxb), Canadian Dollar (Fxc), Mexican Peso (Fxm), Australian Dollar (Fxa), Swiss Franc (Fxf) and the Swedish Krona (Fxs).

The largest family of Etfs, iShares, is not resting on its laurels but continues to press ahead with new Etfs. Its ten iShares Dow Jones U.S. Subsector Etfs, launched on May 1st, gives investors the quality to slice the sector markets thinly. Some examples are the Broker-Dealer iShare (Iai), the assurance iShare (Iak), the Oil tool & Services iShare (Ieo), the Aerospace & Defense iShare (Ita) and the Regional Banks iShare (Iat). All are market cap weighted with an expense ratio of 0.48%. The Regional Banks iShare has a decent dividend yield of 3.21%.

Some of the indexes that these new Etfs track have done quite well over the last three years through March of this year. The Oil Exploration & yield index was up 49%, the Aerospace & Defense index was up 38.3% and the speculation Services index was up 49.7%.

But if you like me prefer equal-weighted Etfs and want sector and market Etf exposure, State road Global Advisors has exactly what you need with this Thursday's commence of six new Etfs. Based on S&P Total market settle on commerce Indexes, they are
(Xme) Metals & Mining, (Xre) Retail, (Xph) Pharma, (Xes) Oil & Gas tool & Services, (Xop) Oil & Gas Exploration & Production, and (Kre) Regional Banks which is a equal-weighted basket of 50 Us regional bank stocks.

iShares has also recently introduced its iPath Dow Jones-Aig Commodity Index Total Return Exchange-Traded Notes. This is a mouthful but essentially this Etf are unsecured debt securities issued by Barclays Bank Plc that are related to the total returns of the index .

This iShares commodity Etf (Djp) has an expense fee of 0.75% and provides exposure to the following commodity groups: vigor 30%, livestock 9%, high-priced metals 9%, market metals 21% and agriculture 31%. Based on monthly returns from March 1991 through March of this year, the index has had only a correlation of 9% to the S&P 500 index and 23% to the Msci Eafe index. The index is currently is made up of the prices of 19 exchange traded futures contracts.

Chartwell members seem to be finding for more international products such as country-specifics for more emerging market countries and some fixed wage international Etfs. I have been working on a equal-weighted Eafe index which an Etf could track easily. The market cap-weighted Eafe iShare (Efa) has 49% allocated to Japan and the Uk and my numbers show that an equal-weighted Eafe has outperformed the market cap weighted index by a titanic margin over a three, five and ten year period.

This explosion in option over the past few years is a blessing and a challenge. Select determined and get some good advice from an Etf specialist.

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Ken Lay, Enron & Etfs

Chartwell Law Firm - Ken Lay, Enron & Etfs

Hello everybody. Today, I learned about Chartwell Law Firm - Ken Lay, Enron & Etfs. Which may be very helpful in my opinion and you. Ken Lay, Enron & Etfs

The painful story of Ken Lay and Enron offers us many lessons on management and investing. My personal view is that Mr. Lay was a good man who got a bit carried away and made a few key mistakes. He should be judged on his total work as an innovative menagerial and kind contributor to his community and not just on the missteps that lead to the implosion of Enron.

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I first met Ken Lay and the Enron style of business while representing the United States on the menagerial Board of the Asian amelioration Bank in Manila. Manila was experiencing severe power blackouts and Enron won one of any fast-track contracts offered by the Philippines's Government to add generating capacity fast at nice fat margins. While 1994-1995, I joined Enron to help institute Asian power projects.

At that time, Ken Lay and Enron were both rising stars and darlings of the venture community.

All too often, investors forget that the most important factor to consider in evaluating a business is the quality and character of management. You can have the best products, lucrative and profitable markets and the best balance sheet but if management is faulty the whole story and stock price will crumble.

A connected issue is the set up of a company's board of directors and either it is independent and offers strong oversight of management. Another important factor to consider is the culture of the company. Are economic incentives offered to management and staff intimately aligned with shareholder interests?

Finally, is the business easy to understand and are operations and financial statements transparent so investors can value the value and profitability of the company.

Unfortunately, Enron failed all four tests. Let's briefly look at each failing.

First, when I was with Enron, Mr. Lay had a strong and very capable Coo Rich Kinder who made sure the trains ran on time. It was an effective partnership. Ken Lay was Mr. Covering and Rich Kinder was Mr. Inside. But the capable Kinder was not going to wait forever to come to be Ceo and apparently for personal reasons Mr. Lay blocked his appointment as Ceo important to his eventual departure to form the extremely victorious pipeline business Kinder Morgan. Eventually, Mr. Jeffrey Skilling was appointed Ceo and while he is enchanting and hard driving, he lacked the character, taste and menagerial abilities required for the position. In retrospect, this should have been a red flag for investors. When Skilling instantly left the business in 2001, Mr. Lay came back to the Ceo position without apparently knowing adequate of the details of Enron's financial problems and mismanagement.

Second, Enron's Board of Directors was comprised mainly of allies and friends of Mr. Lay and did not adequately oversee Enron management and operations. Shareholders should have seen that this was the case and demanded more say in the appointment of experienced and independent board members as a check on management.

Third, the culture of Enron was very short-term oriented. Astronomical bonuses were connected to demanding but short term carrying out goals which led to employees leveraging shareholder capital for projects that sometimes did not make long-term sense. My perception was that for many employees, Enron was an occasion to try to make a lot of money and then go do something else. The qoute was that they weren't using their own money to finance their entrepreneurial activities but rather shareholder's money. Cfo Andrew Fastow was just one example of the problem.

Finally, Enron's trading performance and so-called innovative financing techniques were so involved and opaque that even experienced Wall street analysts could not figure out how or if Enron was making money. Therefore when questions arose about definite questionable financing transactions, investors lacked belief to hang tough through the turbulence and headed to the exits at once. Investors had piled into Enron stock without even understanding its business and the risks inherent in its business.

Well that is my understanding what went wrong with Enron and investors in Enron but what does all this have to do with Etfs?

First, if Ken Lay had had a balanced global Etf briefcase instead of such a high attentiveness of Enron stock in a margin account, he may have faired good in court. A key fee against him was that as the stock price fell, he was selling Enron stock while he publicly was stating that he was buying it.

For investors, it is logical to ask how they can be startling to compare the quality of management, board oversight, the culture and incentives for employees and understand all the fine print in financial statements. The riposte is that the vast majority of investors have neither the taste nor time to do so.

What if instead of buying a too much Enron stock, investors would have just spread their power bets over a basket of power companies by buying an power Etf such as the S&P Global power (Ixc) Etf? Even at its peak market capitalization, Enron would have been at best 6-7% of the basket. Even good if the investor has a trailing stop loss in place to lock in gains or limit losses.

If you have the time and inclination, go ahead and do some stock picking but keep the lessons of Enron and Ken Lay in mind and put the core of your global briefcase in Etfs.

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The Wisdom of Foreign Sector Etfs

Chartwell Law Firm - The Wisdom of Foreign Sector Etfs

Good evening. Now, I discovered Chartwell Law Firm - The Wisdom of Foreign Sector Etfs. Which may be very helpful to me and also you. The Wisdom of Foreign Sector Etfs

Investing in overseas sectors has been a hit and miss proposition until Wisdom Tree recently rolled out its ten foreign sector Etfs. How do these correlate with other options such as global sector and country definite Etfs?

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Etfs are a convenient, flexible, transparent, low-cost and tax-efficient way for investors to gain some international exposure but the choices can be overwhelming. They contain country-specific, Adr, global, global sector, regional, foreign currency, and the new international sector Etfs.

It is necessary that investors look "under the hood" and see where their money is in effect going. For example, if you spend in the beloved Msci Europe Asia, Australia and Far East Etf (Efa), about half of your money is going to just two countries: Japan and the Uk while exposure to great countries like Ireland and Singapore is insignificant.

The Msci Emerging shop Etf (Eem) has a much more balanced weighting with 17% going to South Korea, 11% to Taiwan, 10% to both China and Russia, 9% to South Africa, 7% to Mexico and 5% to India. This is the most even distribution of the regional Etfs and has the added bonus of low fees.

The country-specific Etfs by the iShare family are an keen play on foreign markets but keep in mind that since they are shop cap weighted, just a few fellowships in the basket can dominate the other fellowships in the Etf. Just three fellowships catalogue for 49% of the Austria (Ewo) Etf and Samsung and Ericsson catalogue for 22% of the South Korea (Ewy) and Sweden (Ewd) Etfs, respectively.

Country Etfs are also a creative way to target definite international sectors. Canada (Ewc) has 32% exposure to the vigor sector followed by Brazil (Ewz) with 24%. Belgium (Ewk) offers a surprising 61% exposure to the financial sector followed by Hong Kong (Ewh) with 52%. Taiwan (Ewt) has 57% of its weighting in technology and Switzerland (Ewl) has 32% in healthcare.

Now we come to the global sector Etfs and the new kid on the block, the Wisdom Tree international sector Etfs. Let's look at the financial sector to correlate and variation them.

The iShares Global Financial Sector (Ixg) has an exposure of 41% to American financial firms with Japan and the Uk representing an supplementary 20%. Its top five holdings are Citigroup (3.8%), Bank of America (3.8%), Hsbc (3.2%), Aig (2.6%) and Jp Morgan Chase (2.5%). If you want a pure play of international sectors, the Wisdom Tree option is the way to go but blending in American firms with the global sector Etfs can lower volatility make many investors more comfortable with venturing into international markets.

The Wisdom Tree Etfs are not weighted by shop value but rather on the company's description of expanding dividends. This plus the omission of any American fellowships gives investors a very distinct pattern of exposure.

The Wisdom Tree International Financial Etf (Drf) top fellowships are Hsbc (7.3%), Lloyds (3.3%), Royal Bank of Scotland (3.2%) and Barclays (3.0%) and Ing (2.7%). It might surprise you that Barclays is now the largest money owner in the world and Hsbc has recently passed Citigroup to become the largest bank in the world in terms of assets. Wisdom Tree offers other international sector Etf outside the basic materials, communications, buyer cyclical, energy, condition care, industrials technology and utilities sectors.

By now you might be reasoning that this is getting a bit complicated. I have an easy solution. Look at the S&P Global 100 (Ioo) Etf which invests in the 100 largest fellowships in the world. About half are U.S. fellowships and the rest spread around the world. Unfortunately, it is shop cap weighted but it is still the easiest way to put some punch in your portfolio. Everybody is talking about the resurgence of the Dow but the S&P Global 100 Etf has beaten it by 40% so far this year. A itsybitsy international can go a long way.

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Load the Silver Etf Bullet

Chartwell Law Firm - Load the Silver Etf Bullet

Hello everybody. Today, I learned about Chartwell Law Firm - Load the Silver Etf Bullet. Which could be very helpful in my opinion therefore you. Load the Silver Etf Bullet

William Jennings Bryan's "Cross of Gold" speech on July 9, 1896 electrified the Democratic National institution giving the 36 year old the inside track on capturing the presidential nomination.
The speech addressed the issue of monetary policy and the consider over backing the dollar with gold and silver rather than just gold which was deemed overly restrictive and unfair to working citizen and farmers. It ended with this memorable sentence:

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"You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold."

Gold Etfs have attracted huge inflows by investors seeking a hedge on inflation, protection against global fiscal imbalances, a weak dollar and the quest for positions that hopefully will not be closely correlated to global equities.

It's time to take a closer look at silver and the silver Etf which has come back sharply to a price under its originate price earlier this year.

Silver has long been the neglected orphan of the precious metals markets. Investor sentiment towards silver has been depressed by the perception the examine for silver in film and paper for photo imaging falling sharply due to the rise of digital technology. But photography only accounts for about 8% of total examine for silver.

Actually, silver has some of the best-looking provide and examine fundamentals in the metals markets. The examine for silver is rising fast, due to both expanding examine for the raw material for the invent of jewelry and silverware, and because it has so many market applications.
It is, for example, one of the best electrical conductors of all the metals. "Every time a homeowner turns on a microwave oven, dishwasher, clothes washer or television set, the performance activates a switch with silver contacts", says the Silver Institute.

However, the real case for investing in silver lies on the provide side because silver nothing else but is quite rare. There are only 23 pure silver mines operating colse to the world and most of the silver provide comes as a by-product from mines generally engaged in digging for lead, zinc and copper. Furthermore, silver output was flat this year and is incredible to be flat again next year.

Mined silver has been less than examine every single year for the last 15 years but this hasn't been a huge qoute because the world has been able to fill the gap from inventories and official stockpiles.
However, today the Us government stockpile is all but gone and sales from other official sources such as China, Russia and India appear to be declining too. Agreeing to explore counselor Cpm, in 1990 there were colse to 2.2 billion ounces of silver held in above-ground stocks. Today, there are probably only about 300 million. That's a 50-year low.

The SilverStockReport.com notes that while about 95% of the gold ever mined still exists in above-ground refined form, 95% of the silver ever mined has been consumed by electronics and jewelry. Aside from market demand/supply imbalances, silver is once again being viewed by many as a pure metals investing play.

When the Silver Etf (Slv) was launched in on April 21st at a price of 1, I recommended to clients to sit on the sidelines because of the rapid run up in silver price while the Sec registration process. Since then, the silver Etf price has fallen from a high of 2 in early May back to 9 while accumulating .2 billion of silver.

It is also attractive to look at the point and shape chart for (Slv) complements of Chartwell Advisor's partner Don Smith, President of go2mypv.com.
Slv Holding: Date: Open: High: Low: Close: Volume:

Ishares Silver Trust 8/18/2006 120.85 121.21 118.5 120.6 229,300

Don's view is that Slv broke through a triple lowest in May but by the end of June took a nice turn. If it reaches level of 8 it will break a second consecutive double top which is a buy signal.
With an each year fee of only 0.50%, the silver Etf is the cleanest and easiest way to gain some exposure to silver. Someone else choice is to invest in one or more of the largest silver miners but they are for the most part located in somewhat unstable countries such as Bolivia and Peru.

The top six silver miners have a combined market cap of just billion and do not seem particularly cheap to me. The largest silver miner in the world is Bhp Billiton (Bhp) which I have liked for some tome and now has a market cap larger than Coca-Cola. Bhp is also the largest position in the Australian Etf (Ewa).

William Jennings Bryan's "Cross of Gold" speech is a superior and investors can advantage from his attractive message 110 year later. Put the silver Etf in your core portfolio with a trailing stop loss of 10%.

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The West Coast Etf Offense

Chartwell Law Firm - The West Coast Etf Offense

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Former San Francisco Forty-Niners' coach Bill Walsh is known for his low-risk high return West Coast nasty strategy, which yielded high returns indeed. From 1984 to 1989, San Francisco had a 75.7% winning ration and won three Super Bowls. Walsh noticed that short passes to backs and receivers led to a much higher completion rate and, just as important, more than half the yards gained from each completion were from running after the catch.

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In the world of investments, think of dividends as these short pass completions and the capital appreciation from re-invested dividends like running down the field after the catch.

The role of dividends relative to total returns is under appreciated by most investors. Most are obsessed with the low probability deep passes. In football, you'd call them the long bombs; in investing, they're the ten-baggers. In fact, since 1926, dividends and their growth from reinvestment accounted for about half of total stock shop returns.

Even in regions like Asia where countries like Japan have fellowships with historically low dividend yields, dividends are responsible for a great measure of total investment returns.
A vast majority of the 300 or so Etf baskets on the shop consequent the approved shop cap strategy of weighting fellowships in the basket by their shop value.

This means that the big fellowships like Exxon Mobil, Coca-Cola and normal Motors get more of your investment in an Etf than fellowships that are smaller. WisdomTree Etfs are the exception to the norm because they weight fellowships in their Etf baskets by a company's narrative of paying cash dividends. Investors thus capture this dividend stream and also gain a sell discipline since company weightings are rebalanced based on annualized quarterly dividend yields.

The goal for football coaches is to get the maximum production from each player on the team. The goal for investors is to get the highest return for each dollar invested with minimum risk. Both the West Coast offense and the Wisdom Tree dividend-based strategy may deliver the best risk-adjusted returns.
As the current bull shop enters into what many believe to be the fourth quarter of the game, focusing on a dividend strategy may be especially important.

In the early stages of a bull market, dividend-based Etfs might lag market-cap weighted Etfs as the big growth fellowships roar ahead, but late in the game the roles will likely reverse, with high dividend-payers outperforming the market.

In addition, a allowance in cash dividends, like a quarterback's performance stats, is often times a signal of a company's time to come sub-par returns. When Ford recently slashed its dividend, it was cut from some WisdomTree Etfs.

In a short time, WisdomTree has unleashed an animated blend of Etfs from the Total Dividend to the International SmallCap to the Japan High-Yielding Equity Etf. It is also taking dead aim at the Etf shop leader iShares team, and it is strengthening its bench by filing for more than 30 new Etfs including a few for emerging markets and some country-specific Etfs like the first Etf for India.
Competition in the Etf world is great for investors and the http://www.chartwelladvisor.com/.

We are following the game intimately and will soon add a Dividend Focus Etf briefcase to our existing six model Etf portfolios.

Just like you don't need huge nasty lineman to use the west coast offense, you don't need big bucks to advantage from investor friendly dividend weighted Etfs.

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Etf Tax Planning

Chartwell Law Firm - Etf Tax Planning

Good morning. Today, I learned all about Chartwell Law Firm - Etf Tax Planning. Which is very helpful for me and you. Etf Tax Planning

While exchange-traded funds (Etfs) are well known for their low cost, transparency and flexibility, the tax efficiency advantage of Etfs frequently gets overlooked. As we head into the last month of the year, let's look at how investors may lower their tax liabilities by converting some positions in their portfolio to Etfs as well as discuss other Etf strategies to sell out tax burdens. Since every venture situation is different, please be sure to consult tax counsel before taking action.

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Like higher expenses, tax consequences can negatively impact fund performance. Etfs are more tax productive than actively managed mutual funds. Some mutual fund managers are prone to selling position late in the year to lock in capital gains. These gains are then distributed to current shareholders on a pro rata basis.

Because Etfs track indexes which commonly buy and sell securities far less often than mutual funds, most Etfs rarely distribute any pesky end-of- the- year capital gains distributions that are detailed in those 1099 forms that gain in your tax file. Ishares, the largest house of Etfs, has never distributed any capital gains to iShares investors.

In addition, mutual fund shareholders purchase and redeem shares from the fund - which may corollary in gains distributed to all shareholders. The killer is that these capital gains known in the venture business as "imbedded capital gains" may come from the sale of a mutual fund stock retention that goes back many years - well before the current shareholder invested in the fund. In incompatibility to mutual fund investors, Etf shareholders buy and sell Etfs on an exchange, a transaction that does not influence other shareholders. Etf investors clearly have better operate and transparency of their tax situation.

While you can see the tax advantages of Etfs, you may not be aware of their use as a toll to sell out your tax burden. Let me highlight a few of them.

Let's assume you have a small cap mutual fund that has declined ,000 since its purchase three years ago and you want to apply the capital loss but still want small cap exposure. You could sell the mutual fund and simultaneously spend the proceeds in the iShares Russell 2000 Etf (Iwm). The key is to avoid switching to an Etf that is similar but not selfsame or you may come into disagreement of the wash sale rule whereby buying the same or a substantially selfsame security within 30 days after a sale defers the capital loss. You could then apply this ,000 towards other capital gains distributions to lower your allinclusive tax liabilities.

You could also use this tax loss harvesting to re-balance your allinclusive portfolio. In the above example, you might have wanted to cut back a bit on small cap exposure and allocated more to a large cap Etf like the Vanguard Large Cap Etf.

An investor could also Etfs to take care of a range of personel stocks which are being held at a loss. For example, an investor with a loss on a portfolio of healthcare stocks could sell the securities and then purchase a sector Etf such as the iShares Dow Jones U.S. Healthcare Sector Etf (Iyh).

Switching from a loss position in an actively managed mutual fund to an Etf of policy has double barreled tax benefits. First you can take the capital loss without losing the exposure, and secondly, you have a more tax productive position with a much lower likelihood of time to come capital gains distributions.

Take some time this month to quote your portfolios with your venture or tax advisor. It is a great time to reconsider increasing your Etf holdings with the bonus of perhaps lowering allinclusive tax liabilities for both this year and for time to come years.

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Build an Etf Dividend revenue briefcase

Chartwell Law Firm - Build an Etf Dividend revenue briefcase

Good morning. Now, I discovered Chartwell Law Firm - Build an Etf Dividend revenue briefcase. Which may be very helpful for me and also you. Build an Etf Dividend revenue briefcase

Investors are ending the year in a wary mood. Sure, 2006 was a very good year for U.S. Investors and substantially good for global Etf investors but what is going to happen next year?

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Chartwell Law Firm

The honest reply is that nobody knows.

The smart investor will make sure that their portfolios can advantage from rising global markets but still weather the determined pullbacks. One way to accomplish this is to have a nice chunk in Dividend and wage rich Etfs.

In 2007, Chartwell Etf consultant is adding a seventh model Etf folder which will focus on these markets. The reckon is that baby boomers need to create withdrawal wage and fixed wage alone will probably not get the job done. Investors need the prospect for capital appreciation plus some downside safety from high dividend lower volatility stocks.

Here are some positions that the Chartwell Dividend/Income Etf folder will likely hold going into 2007.

The PowerShares International Dividend Achievers Etf basket (Pid) contains 60 international Adrs (American Depository Receipts) that trade on U.S. Exchanges. All of these companies have increased their each year dividend for five or more consecutive fiscal years. The folder is rebalanced regular and reconstituted annually. 55% of the companies in this Etf are classified as large-cap value, 16% mid-cap value and 13% small cap value.

Another intriguing new Etf from Powershares is the Financial adored Equity Etf (Pgf). This is the first Etf to contribute investors passage to adored shares within the tax efficient Etf structure. The adored marketplace is over 0 billion and again it is a way to enjoy potential of capital appreciation with dividend income. All dividends from this Etf are expected to be powerful dividend income.

Another option is the recently introduced First Trust Morningstar Dividend Leaders Etf (Fdl). This is a folder of the top 100 highest compliance U.S. Stocks screened for consistent records of dividend payments as well as the potential to hold future payments. Private firm weightings in the Etf are capped at 10% and stocks weighing more than 5% each cannot exceed 505 of the total portfolio.

Then of course there is the fast-growing family of WisdomTree Etfs which weight all holdings in their Etfs based on dividends. These range form domestic Etfs such as the Total Dividend Fund (Dtd) to international options such as the International Dividend Top 100 Etf (Doo) and a range of international sector Etfs like the International Utilities sector Etf (Dbu).

Investors need to be careful not to have the same positions in all of your dividend/income Etfs. It is leading to spread it nearby by having Etfs with different weighting schemes such as store weight, equal weight, dividends per share/price and ready dividends.
It would be nice to have your 2007 Christmas stockings full of dividends

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10 Good Office Behaviours - How to Behave in the Office and Workplace Everyday?

Law Offices - 10 Good Office Behaviours - How to Behave in the Office and Workplace Everyday?

Hello everybody. Yesterday, I learned about Law Offices - 10 Good Office Behaviours - How to Behave in the Office and Workplace Everyday?. Which could be very helpful in my experience so you. 10 Good Office Behaviours - How to Behave in the Office and Workplace Everyday?

Good office behavior plays an foremost role in establishing a manner of personal behavior by employees in an office. This will help to encourage confident interaction in the middle of co-workers and in the middle of employees, business partners and clients as well. Hence to produce more productivity and happier working environments.

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Law Offices

Let's spin the 10 tips to behave in the office:

1 - Telephone Conversation Manners

Since there is no visual and physical touch in the middle of the caller and the person who answers the telephone, we must cope every telephone calls with a pleasant voice. Even during rushing time, try to appear calm and slow while foremost the call to a conclusion. All the time be gentle during the conversation.

2 - Avoid Makeup at the Desk

We knew that our personal appearance plays an foremost role as self image at the office. However, please ensure the spoton time line for making up ourself. Makeup should be apply on before beginning to work, at home or in the rest room. Applying makeup at the desk will withdraw our working attention.

3 - Body Language

Positive body language will shows our boss or clients that we are happy to serve them. We can do this by smiling and paying concentration to the person during conversation.

4 - Having Food at Workplace

Try to avoid eating at the desk where this might draw our concentration away from work or serving clients. Lunch or snacks should be eaten privately. Claim good oral healths will also important, avoid eating food with strong odors such as garlic before or during work.

5 - Be Punctual

Try to be at work on time. This is a easy etiquette but some of us just cannot manage to succeed the time line well. No matter what are the tasks of the day, punctuality directly reflects the way we are on all the work tasks. Being on time on a meeting event is a must for all of us to ensure the smoothness of the discussions.

6 - Teamwork Saves the Day

Employees need to work together as a team to perform the daily routines tasks. This truly apply when a deadline is to be met and the work day is ending. Offer to remain and help our colleagues and co-workers will make the day fulfill than ever.

7 - Using Strong Perfumes

Our selection of perfume at work should be mild, or soft. We cannot make sure that every perfume smells is decent to our colleague sitting next to us. Try to avoid using strong perfume as the smells might work on other co-workers and growth the feeling of hurt at the office.

8 - No More Annoying Habits

There are distracting habits with may annoying other colleagues on their jobs, such as picking our nose and tapping a pen or pencil while working on the desk. Try to identify our annoying habits today, if any, and avoid doing them during office hours, we will soon realize the pleasant occasion at the office.

9 - Keep Your Personal Problems To Yourself

When at work, do not openly talk about association problems, house problems or financial problems with co-workers or boss as it may show you are not expert and are not able to balance both work and personal life.

10 - Shake Hands Firmly

Always shake your hands firmly with fellow colleagues or clients as a sloppy hand shake indicates your lack of intention or sincerity.

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comprehension Wrongful Termination Law

Law Offices - comprehension Wrongful Termination Law

Good evening. Today, I discovered Law Offices - comprehension Wrongful Termination Law. Which could be very helpful for me so you. comprehension Wrongful Termination Law

There is no getting colse to the fact that Arizona employment laws are generally quite cordial to employers when it comes to a query of wrongful termination. Many Arizona employment lawyers frequently laid out the truism that an laborer may be filed for a good calculate or for no calculate whatsoever, as long as he isn't fired for a bad reason.

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Law Offices

The bad reasons are what keep plaintiffs' attorneys in business. Although every case is separate and recently finished employees should consult with an employment attorney to discuss the exact circumstances of their case, unlawful reasons for terminating an laborer contain termination decisions based on the race, sex, religion or age of the employee.

Arizona also has a statute prohibiting termination as retaliation for reporting a violation of an Arizona statute. There are many other similar state and federal laws that prevent termination in retaliation for an employee's official reporting of the employer's actual or suspected violation of the relevant law. These retaliation statutes may create liability where the employer wasn't even guilty of the basic offense, so employers should be very meticulous about production a decision to stop an laborer who has complained of or reported any sort of discrimination, safety violation, or other legal issue. Arizona employers who believe they need to fire such an laborer should consult with an Arizona employment lawyer first.

Employees who believe they have valid wrongful termination claims should seek the guidance of an Arizona employment attorney as soon as possible, because the statutes of limitation pertaining to both state and federal law violations are relatively short, and the failure to file a complaint in Court or with the acceptable administrative branch is usually fatal to a wrongfully finished employee's claim.

An Arizona employment lawyer will also be able to help the finished laborer understand his or her obligations and rights. Among other things, finished employees must mitigate their damages by seeking change employment. Where an employer is liable, the laborer will usually be entitled to recover lost wages and other damages directly linked to the termination.

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Pennsylvania Wage Garnishment Law

Law Offices - Pennsylvania Wage Garnishment Law

Hello everybody. Now, I learned about Law Offices - Pennsylvania Wage Garnishment Law. Which could be very helpful for me therefore you. Pennsylvania Wage Garnishment Law

Can my wages be garnished? That may be the number one query that I receive at my office from individuals who are facing a credit card or debt variety lawsuit.

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Law Offices

In Pennsylvania, the sass is no, with conditions. Pennsylvania is one of only four states (at the time of this writing) that does not allow wage garnishment for credit card/collection agency lawsuits. Let me construe the conditions now. First, the individual must live and work in Pa to be protected. Second, and this is a big one, the lawsuit must have been filed in Pennsylvania as well. If you can meet all three of the listed criteria, your wages cannot be garnished here in our state.

What is unclear is what happens if you are sued in another state? Or if you live in Pa now but previously lived in another state where judgment was entered? There is not a whole lot of case law on interstate debt variety about Pennsylvania. There is also a bit of a disagreement in the law here. Pennsylvania does not allow wage garnishment for this type of debt. However, the federal Full Faith and credit Clause sets forth that all states must honor the judicial rulings of other states. On the other hand, our state Attorney General, although not the final arbiter on the issue, has set forth an opinion that this clause is contrary to Pennsylvania law on this issue and that wage garnishment are not permissible. A final decision needs to be rendered on this recurring subject.

Unfortunately, the fact that wage garnishments cannot occur in Pa does not stop unethical debt collectors from development such a threat. That is the basis for the telephone calls to my office. Joe Debtor has defaulted on a credit card account. His catalogue gets transferred to a variety agency. The variety agency then calls Joe and demands payment. When he advises that he cannot afford to pay, the variety agency threatens a wage garnishment. There are two problems with such a threat. The first is that the threat cannot be carried out because wage garnishment is not legal in Pa for those purposes. The second is that the debt assembler has just violated the Fair Debt variety Practices Act based upon his illegal threat. If this happens to you, you will have the right to file a lawsuit against the variety agency for monetary damages.

There are a few scenarios where wage garnishment is legal in Pennsylvania. These are very petite in scope and are as follows:

1) for judgments about spousal or child support;
2) for failure to pay Pheaa pupil loans;
3) for room and board for 4 weeks or less;
4) for back rent on a residential lease; and
5) for obligations relating to a final disjunction distribution.

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Is Your connection a tasteless Law Marriage?

Law Offices - Is Your connection a tasteless Law Marriage?

Good afternoon. Now, I found out about Law Offices - Is Your connection a tasteless Law Marriage?. Which is very helpful in my opinion and you. Is Your connection a tasteless Law Marriage?

Believe it or not, your relationship could be recognized under legal jurisdictions as a coarse law marriage even if no ceremony or legal ageement were entered into prior to the change in status. These are informal marriages which pertain to relationships of habit that have come to be thought about as somewhat equal to the status presented by a civilly registered married couple. For the coarse law jurisdictions that recognize these types of marriages, they are thought about legally binding. However, in others they hold no legal consequence at all. However, the term is often used to characterize domestic partnerships and long term non-marital relationships. Within the U.S., coarse law marriages can be contracted in Alabama, Colorado, the District of Columbia, Kansas, Montana, Oklahoma, Rhode Island, South Carolina, Texas, and Utah. Although the rest of the nation does not ageement coarse law marriages, every state will recognize and uphold a marriage of this type if it was validly contracted in one of the states mentioned above.

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Law Offices

You can glance either or not yours is a relationship of coarse law marriage by comparing it to its distinctions from a civilly recognized marriage under law. Among these distinctions consist of the fact that no government authority will issue a marriage license for coarse law marriages. Even if they are recorded in public, they have not been licensed by government officials. Along the same lines, these types of marriages are not formally noted before witnesses in any type of wedding ceremony. Perhaps the particular biggest and most important distinguishing factor of a coarse law marriage is that of cohabitation; however, a merge must meet standards beyond just living together. In addition, coarse law couples are of-age, currently unwed individuals who have mutually agreed to a functioning relationship of marriage. Parental consent can also list for minors who wish to commit to a coarse law marriage.

It is relatively less easy to make the contrast between these types of relationships and unwed relationships of no coarse law standing. However, applying the same set of distinguishers listed above to relationships of non-marital commitment will serve the purpose of identifying a general relationship from that of a coarse law marriage. If there has not been mutual consent to a relationship constituting marriage, then it will not be one recognized as an informal marriage. Again, the important contrast lies within the fact that mere cohabitation is not sufficient to constitute this status.

In addition, it is important to differentiate between formal coarse law marriages and the relationships which have informally come to be referred to as coarse law marriages. In states which do not recognize this type of relationship status, the term is more oftentimes used to refer to domestic partnerships and long-term relationships of unwedded cohabitation. In some cases, these relationships have been prohibited by law to marry; for others, the decision was a personal choice. No matter what the reason, it must be acknowledged that the relationship is not one of civil union, nor is it one of a coarse law marriage. As such, the standards held to those who are living under coarse law marriage are not the same for those in same-sex partnerships and permanent, non-marital relationships.

For the states that permit them, coarse law marriages have come to be standard as equally valid as a statutory marriage. In fact, some government institutions hold both sets of relationships to the same set of standards. For example, the Internal earnings aid recognizes these marriages for federal earnings tax purposes and couples may be able to file joint returns or recognize as, "married, filing separately." If you reside in a state which allows you to gawk a relationship of this nature, then you should take heed to wholly understand the process before committing to this type of relationship status. While it is less formal than a statutory marriage, it is still upheld to many of the same legal standards, some as serious as matters of the Irs. Therefore, matters which fall under the jurisdiction of a coarse law marriage should be attended to by a legal divorce and family law attorney just as any matters of a typical marriage would.

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Hospice Fraud - A communicate For Employees, Whistleblowers, Attorneys, Lawyers and Law Firms

Law Offices - Hospice Fraud - A communicate For Employees, Whistleblowers, Attorneys, Lawyers and Law Firms

Good evening. Yesterday, I found out about Law Offices - Hospice Fraud - A communicate For Employees, Whistleblowers, Attorneys, Lawyers and Law Firms. Which could be very helpful in my experience and you. Hospice Fraud - A communicate For Employees, Whistleblowers, Attorneys, Lawyers and Law Firms

Hospice fraud in South Carolina and the United States is an expanding question as the estimate of hospice patients has exploded over the past few years. From 2004 to 2008, the estimate of patients receiving hospice care in the United States grew roughly 40% to nearly 1.5 million, and of the 2.5 million population who died in 2008, nearly one million were hospice patients. The splendid majority of population receiving hospice care receive federal benefits from the federal government through the Medicare or Medicaid programs. The condition care providers who furnish hospice services traditionally enroll in the Medicare and Medicaid programs in order to qualify to receive payments under these government programs for services rendered to Medicare and Medicaid eligible patients.

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Law Offices

While most hospice condition care organizations furnish suitable and ethical rehabilitation for their hospice patients, because hospice eligibility under Medicare and Medicaid involves clinical judgments which may ensue in the payments of large sums of money from the federal government, there are mammoth opportunities for fraudulent practices and false billing claims by unscrupulous hospice care providers. As new federal hospice fraud enforcement actions have demonstrated, the estimate of condition care associates and individuals who are willing to try to defraud the Medicare and Medicaid hospice benefits programs is on the rise.

A new example of hospice fraud entertaining a South Carolina hospice is Southern Care, Inc., a hospice firm that in 2009 paid .7 million to conclude an Fca case. The defendant operated hospices in 14 other states, too, together with Alabama, Georgia, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Ohio, Pennsylvania, Texas, Virginia and Wisconsin. The alleged frauds were that patients were not eligible for hospice, to wit, were not terminally ill, lack of documentation of concluding illnesses, and that the firm marketed to potential patients with the promise of free medications, supplies, and the provision of home condition aides. Southern Care also entered into a 5-year Corporate Integrity trade with the Oig as part of the settlement. The qui tam relators received roughly million.

Understanding the Consequences of Hospice Fraud and Whistleblower Actions

U.S. And South Carolina consumers, together with hospice patients and their house members, and condition care employees who are employed in the hospice industry, as well as their Sc lawyers and attorneys, should wise up themselves with the basics of the hospice care industry, hospice eligibility under the Medicare and Medicaid programs, and hospice fraud schemes that have advanced across the country. Consumers need to safe themselves from unethical hospice providers, and hospice employees need to guard against knowingly or unwittingly participating in condition care fraud against the federal government because they may branch themselves to menagerial sanctions, together with lengthy exclusions from working in an society which receives federal funds, mammoth civil monetary penalties and fines, and criminal sanctions, together with incarceration. When a hospice laborer discovers fraudulent escort entertaining Medicare or Medicaid billings or claims, the laborer should not participate in such behavior, and it is imperative that the unlawful escort be reported to law enforcement and/or regulatory authorities. Not only does reporting such fraudulent Medicare or Medicaid practices shield the hospice laborer from exposure to the foregoing administrative, civil and criminal sanctions, but hospice fraud whistleblowers may advantage financially under the repaymen provisions of the federal False Claims Act, 31 U.S.C. §§ 3729-3732, by bringing false claims suits, also known as qui tam or whistleblower suits, against their employers on profit of the United States.

Types of Hospice Care Services

Hospice care is a type of condition care service for patients who are terminally ill. Hospices also furnish preserve services for the families of terminally ill patients. This care includes corporeal care and counseling. Hospice care is usually provided by a communal division or private firm popular ,favorite by Medicare and Medicaid. Hospice care is ready for all age groups, together with children, adults, and the elderly who are in the final stages of life. The purpose of hospice is to furnish care for the terminally ill patient and his or her house and not to cure the concluding illness.

If a patient qualifies for hospice care, the patient can receive medical and preserve services, together with nursing care, medical communal services, physician services, counseling, homemaker services, and other types of services. The hospice patient will have a team of doctors, nurses, home condition aides, communal workers, counselors and trained volunteers to help the patient and his or her house members cope with the symptoms and consequences of the concluding illness. While many hospice patients and their families can receive hospice care in the ease of their home, if the hospice patient's condition deteriorates, the patient can be transferred to a hospice facility, hospital, or nursing home to receive hospice care.

Hospice Care Statistics

The estimate of days that a patient receives hospice care is often referenced as the "length of stay" or "length of service." The length of service is dependent on a estimate of dissimilar factors, together with but not exiguous to, the type and stage of the disease, the ability of and entrance to condition care providers before the hospice referral, and the timing of the hospice referral. In 2008, the average length of stay for hospice patients was about 21 days, the average length of stay was about 69 days, roughly 35% of hospice patients died or were discharged within 7 days of the hospice referral, and only about 12% of hospice patients survived longer than 180 days.

Most hospice care patients receive hospice care in private homes (40%). Other locations where hospice services are provided are nursing homes (22%), residential facilities (6%), hospice patient facilities (21%), and acute care hospitals (10%). Hospice patients are commonly the elderly, and hospice age group percentages are 34 years or less (1%), 35 - 64 years (16%), 65 - 74 years (16%), 75 - 84 years (29%), and over 85 years (38%). As for the concluding illness resulting in a hospice referral, cancer is the diagnosis for roughly 40% of hospice patients, followed by debility unspecified (15%), heart disease (12%), dementia (11%), lung disease (8%), stroke (4%) and kidney disease (3%). Medicare pays the great majority of hospice care expenses (84%), followed by private assurance (8%), Medicaid (5%), charity care (1%) and self pay (1%).

As of 2008, there were roughly 4,700 locations which were providing hospice care in the United States, which represented about a 50% increase over ten years. There were about 3,700 associates and organizations which were providing hospice services in the United States. About half of the hospice care providers in the United States are for-profit organizations, and about half are non-profit organizations.
General summary of the Medicare and Medicaid Programs

In 1965, Congress established the Medicare agenda to furnish condition assurance for the elderly and disabled. Payments from the Medicare agenda arise from the Medicare Trust fund, which is funded by government contributions and through payroll deductions from American workers. The Centers for Medicare and Medicaid Services (Cms), previously known as the condition Care Financing management (Hcfa), is the federal division within the United States division of condition and Human Services (Hhs) that administers the Medicare agenda and works in partnership with state governments to administer Medicaid.

In 2007, Cms reorganized its ten geography-based field offices to a Consortia structure based on the agency's key lines of business: Medicare condition plans, Medicare financial management, Medicare fee for service operations, Medicaid and children's health, observe & certification and ability improvement. The Cms consortia consist of the following:

• Consortium for Medicare condition Plans Operations
• Consortium for Financial management and Fee for service Operations
• Consortium for Medicaid and Children's condition Operations
• Consortium for ability revision and observe & Certification Operations

Each consortium is led by a Consortium Administrator (Ca) who serves as the Cms's national focal point in the field for their firm line. Each Ca is responsible for consistent implementation of Cms programs, policy and guidance across all ten regions for matters pertaining to their firm line. In expanding to accountability for a firm line, each Ca also serves as the Agency's senior management legal for two or three Regional Offices (Ros), representing the Cms Administrator in external matters and overseeing menagerial operations.

Much of the daily management and doing of the Medicare agenda is managed through private assurance associates that ageement with the Government. These private assurance companies, sometimes called "Medicare Carriers" or "Fiscal Intermediaries," are charged with and responsible for accepting Medicare claims, determining coverage, and production payments from the Medicare Trust Fund. These carriers, together with Palmetto Government Benefits Administrators (hereinafter "Pgba"), a division of Blue Cross and Blue Shield of South Carolina, control pursuant to 42 U.S.C. §§ 1395h and 1395u and rely on the good faith and right representations of condition care providers when processing claims.

Over the past forty years, the Medicare agenda has enabled the elderly and disabled to secure indispensable medical services from medical providers throughout the United States. indispensable to the success of the Medicare agenda is the fundamental conception that condition care providers accurately and unquestionably submit claims and bills to the Medicare Trust Fund only for those medical treatments or services that are legitimate, cheap and medically necessary, in full yielding with all laws, regulations, rules, and conditions of participation, and, further, that medical providers not take advantage of their elderly and disabled patients.

The Medicaid agenda is ready only to confident low-income individuals and families who must meet eligibility requirements set forth by federal and state law. Each state sets its own guidelines regarding eligibility and services. Although administered by private states, the Medicaid agenda is funded primarily by the federal government. Medicaid does not pay money to patients; rather, it sends payments directly to the patient's condition care providers. Like Medicare, the Medicaid agenda depends on condition care providers to accurately and unquestionably submit claims and bills to agenda administrators only for those medical treatments or services that are legitimate, cheap and medically necessary, in full yielding with all laws, regulations, rules, and conditions of participation, and, further, that medical providers not take advantage of their indigent patients.

Medicare & Medicaid Hospice Laws Which affect Sc Hospices

Hospice fraud occurs when hospice organizations, by and through their employees, agents and owners, knowingly violate the terms and conditions of the applicable Medicare and Medicaid hospice statutes, regulations, rules and conditions of participation. In order to be able to identify hospice fraud, hospices, hospice patients, hospice employees and their attorneys and lawyers must know the Medicare laws and requirements relating to hospice care benefits.

Medicare's two main sources of authorization for hospice benefits are found in the communal security Act and the U.S. Code of Federal Regulations. The statutory provisions are primarily found at 42 U.S.C. §§ 1395d, 1395e, 1395f(a)(7), 1395x(d)(d), and 1395y, and the regulatory provisions are found at 42 C.F.R. Part 418.

To be eligible for Medicare benefits for hospice care, the patient must be eligible for Medicare Part A and be terminally ill. 42 C.F.R. § 418.20. concluding illness is established when "the private has a medical diagnosis that his or her life expectancy is 6 months or less if the illness runs its normal course." 42 C.F.R. § 418.3; 42 U.S.C. § 1395x(d)(d)(3). The patient's physician and the medical director of the hospice must certify in writing that the patient is "terminally ill." 42 U.S.C. § 1395f(a)(7); 42 C.F.R. § 418.20. After a patient's preliminary certification, Medicare provides for two ninety-day advantage periods followed by an unlimited estimate of sixty-day advantage periods. 42 U.S.C. § 1395d(a)(4). At the end of each ninety- or sixty-day period, the patient can be re-certified only if at that time he or she has less than six months to live if the illness runs its normal course. 42 U.S.C. § 1395f(a)(7)(A). The written certification and re-certifications must be maintained in the patient's medical records. 42 C.F.R. § 418.23. A written plan of care must be established for each patient setting forth the types of hospice care services the patient is scheduled to receive, 42 U.S.C. § 1395f(a)(7)(B), and the hospice care has to be provided in accordance with such plan of care. 42 U.S.C. § 1395f(a)(7)(C); 42 C.F.R. § 418.56. Clinical records for each hospice patient must be maintained by the hospice, together with plan of care, assessments, clinical notes, signed observation of election, patient responses to medication and therapy, physician certifications and re-certifications, outcome data, develop directives and physician orders. 42 C.F.R. § 418.104.

The hospice must secure a written observation of determination from the patient to elect to receive Medicare hospice benefits. 42 C.F.R. § 418.24. Importantly, once a patient has elected to receive hospice care benefits, the patient waives Medicare benefits for medical rehabilitation for the concluding disease upon which is the admitting diagnosis. 42 C.F.R. § 418.24(d).

The hospice must designate an Interdisciplinary Group (Idg) or groups composed of individuals who work together to meet the physical, medical, psychosocial, emotional, and spiritual needs of the hospice patients and families facing concluding illness and bereavement. 42 C.F.R. § 418.56. The Idg members must furnish the care and services offered by the hospice, and the group, in its entirety, must supervise the care and services. A registered nurse that is a member of the Idg must be designated to furnish coordination of care and to ensure continuous assessment of each patient's and family's needs and implementation of the interdisciplinary plan of care. The interdisciplinary group must include, but is not exiguous to, the following superior and competent professionals: (i) A physician of rehabilitation or osteopathy (who is an laborer or under ageement with the hospice); (ii) A registered nurse; (iii) A communal worker; and, (iv) A pastoral or other counselor. 42 C.F.R. § 418.56.

The Medicare hospice regulations, at 42 C.F.R. § 418.200, summarize the requirements for hospice coverage in pertinent part as follows:

To be covered, hospice services must meet the following requirements. They must be cheap and indispensable for the palliation and management of the concluding illness as well as connected conditions. The private must elect hospice care in accordance with §418.24. A plan of care must be established and periodically reviewed by the attending physician, the medical director, and the interdisciplinary group of the hospice agenda as set forth in §418.56. That plan of care must be established before hospice care is provided. The services provided must be consistent with the plan of care. A certification that the private is terminally ill must be completed as set forth in section §418.22.

The communal security Act, at 42 U.S.C. § 1395y(a), limits Medicare hospice benefits, providing in pertinent part as follows: "Notwithstanding any other provision of this title, no cost may be made under part A or part B for any expenses incurred for items or services-... (C) in the case of hospice care, which are not cheap and indispensable for the palliation or management of concluding illness...." 42 C.F.R. § 418.50 (hospice care must be "reasonable and indispensable for the palliation and management of concluding illness"). Palliative care is defined in the regulations as "patient and family-centered care that optimizes ability of life by anticipating, preventing, and treating suffering. Palliative care throughout the continuum of illness involves addressing physical, intellectual, emotional, social, and spiritual needs and to facilitate patient autonomy, entrance to information, and choice." 42 C.F.R. § 418.3.

Medicare pays hospice agencies a daily rate for each day a beneficiary is enrolled in the hospice advantage and receives hospice care. The daily payments are made regardless of the estimate of services furnished on a given day and are intended to cover costs that the hospice incurs in furnishing services identified in the patient's plan of care. There are four levels of payments which are made based on the estimate of care required to meet beneficiary and house needs. 42 C.F.R. § 418.302; Cms Hospice Fact Sheet, November 2009. These four levels, and the corresponding 2010 daily rates, are as follows: habit home care (2.91); continuous home care (4.10); patient respite care (7.83); and, normal patient care (5.74).

The compound every year cap per patient in 2009 was ,014.50. This cap is carefully by adjusting the original hospice patient cap of ,500, set in 1984, by the buyer Price Index. See Cms Internet-Only by hand 100-04, part 11, section 80.2; 42 U.S.C. § 1395f(i); 42 C.F.R. § 418.309. The Medicare Claims Processing Manual, at part 11 - Processing Hospice Claims, in Section 80.2, entitled "Cap on overall Hospice Reimbursement," provides in pertinent part as follows: "Any payments in excess of the cap must be refunded by the hospice."

Hospice patients are responsible for Medicare co-insurance payments for drugs and respite care, and the hospice may fee the patient for these co-insurance payments. However, the co-insurance payments for drugs are exiguous to the lesser of or 5% of the cost of the drugs to the hospice, and the co-insurance payments for respite care are commonly 5% of the cost made by Medicare for such services. 42 C.F.R. § 418.400.

The Medicare and Medicaid programs want institutional condition care providers, together with hospice organizations, to file an enrollment application in order to qualify to receive the programs' benefits. As part of these enrollment applications, the hospice providers certify that they will comply with Medicare and Medicaid laws, regulations, and agenda instructions, and supplementary certify that they understand that cost of a claim by Medicare and Medicaid is conditioned upon the claim and fundamental transaction complying with such agenda laws and requirements. The Medicare Enrollment Application which hospice providers must execute, Form Cms-855A, states in part as follows: "I agree to abide by the Medicare laws, regulations and agenda instructions that apply to this provider. The Medicare laws, regulations, and agenda instructions are ready through the Medicare contractor. I understand that cost of a claim by Medicare is conditioned upon the claim and the fundamental transaction complying with such laws, regulations, and agenda instructions (including, but not exiguous to, the Federal Aks and Stark laws), and on the provider's yielding with all applicable conditions of participation in Medicare."

Hospices are commonly required to bill Medicare on a monthly basis. See the Medicare Claims Processing Manual, at part 11 - Processing Hospice Claims, in Section 90 - Frequency of Billing. Hospices commonly file their hospice Medicare claims with their Fiscal Intermediary or Medicare Carrier pursuant to the Cms Claims by hand Form Cms 1450 (sometime also called a Form Ub-04 or Form Ub-92), either in paper or electronic form. These claim forms comprise representations and certifications which state in pertinent part that: (1) misrepresentations or falsifications of indispensable information may serve as the basis for civil monetary penalties and criminal convictions; (2) submission of the claim constitutes certification that the billing information is true, literal, and complete; (3) the submitter did not knowingly or recklessly disregard or misrepresent or conceal material facts; (4) all required physician certifications and re-certifications are on file; (5) all required patient signatures are on file; and, (6) for Medicaid purposes, the submitter understands that because cost and delight of this claim will be from Federal and State funds, any false statements, documents, or concealment of a material fact are branch to prosecution under applicable Federal or State Laws.

Hospices must also file with Cms an every year cost and data report of Medicare payments received. 42 U.S.C. § 1395f(i)(3); 42 U.S.C. § 1395x(d)(d)(4). The every year hospice cost and data reports, Form Cms 1984-99, comprise representations and certifications which state in pertinent part that: (1) misrepresentations or falsifications of information contained in the cost report may be punishable by criminal, civil and menagerial actions, together with fines and/or imprisonment; (2) if any services identified in the report were the stock of a direct or indirect kickback or were otherwise illegal, then criminal, civil and menagerial actions may result, together with fines and/or imprisonment; (3) the report is a true, literal, and unblemished statement ready from the books and records of the victualer in accordance with applicable instructions, except as noted; and, (4) the signing officer is well-known with the laws and regulations regarding the provision of condition care services and that the services identified in this cost report were provided in yielding with such laws and regulations.

Hospice Anti-Fraud enforcement Statutes

There are a estimate of federal criminal, civil and menagerial enforcement provisions set forth in the Medicare statutes which are aimed at preventing fraudulent conduct, together with hospice fraud, and which help say agenda integrity and compliance. Some of the more important enforcement provisions of the Medicare statutes comprise the following: 42 U.S.C. § 1320a-7b (Criminal fraud and anti-kickback penalties); 42 U.S.C. § 1320a-7a and 42 U.S.C. § 1320a-8 (Civil monetary penalties for fraud); 42 U.S.C. § 1320a-7 (Administrative exclusions from participation in Medicare/Medicaid programs for fraud); 42 U.S.C. § 1320a-4 (Administrative subpoena power for the Comptroller General).

Other criminal enforcement provisions which are used to combat Medicare and Medicaid fraud, together with hospice fraud, comprise the following: 18 U.S.C. § 1347 (General condition care fraud criminal statute); 21 U.S.C. §§ 353, 333 (Prescription Drug Marketing Act); 18 U.S.C. § 669 (Theft or Embezzlement in association with condition Care); 18 U.S.C. § 1035 (False statements relating to condition Care); 18 U.S.C. § 2 (Aiding and Abetting); 18 U.S.C. § 3 (Accessory after the Fact); 18 U.S.C. § 4 (Misprision of a Felony); 18 U.S.C. § 286 (Conspiracy to defraud the Government with respect to Claims); 18 U.S.C. § 287 (False, Fictitious or Fraudulent Claims); 18 U.S.C. § 371 (Criminal Conspiracy); 18 U.S.C. § 1001 (False Statements); 18 U.S.C. § 1341 (Mail Fraud); 18 U.S.C. § 1343 (Wire Fraud); 18 U.S.C. § 1956 (Money Laundering); 18 U.S.C. § 1957 (Money Laundering); and, 18 U.S.C. § 1964 (Racketeer Influenced and Corrupt Organizations ("Rico")).

The False Claims Act (Fca)

Hospice fraud whistleblowers may advantage financially under the repaymen provisions of the federal False Claims Act, 31 U.S.C. §§ 3729-3732, by bringing false claims suits, also known as qui tam or whistleblower suits, against their employers on profit of the United States. The plaintiff in a hospice fraud whistleblower suit is also known as a relator. The most coarse Fca provisions upon which hospice fraud qui tam or whistleblower relators rely are found in 31 U.S.C. § 3729: (A) knowingly presents, or causes to be presented, a false or fraudulent claim for cost or approval; (B) knowingly makes, uses, or causes to be made or used, a false report or statement material to a false or fraudulent claim; (C) conspires to commit a violation of subparagraph (A), (B), (D), (E), (F), or (G);..., and, (G) knowingly makes, uses, or causes to be made or used, a false report or statement material to an enforcement to pay or send money or property to the Government, or knowingly conceals or knowingly and improperly avoids or decreases an enforcement to pay or send money or property to the Government.... There is no requirement to prove specific intent to defraud. Rather, it is only indispensable to prove actual knowledge of the false claims, false statements, or false records, or the defendant's deliberate indifference or reckless disregard of the truth or falsity of the information. 31 U.S.C. § 3729(b).

The Fca anti-retaliation provision protects the hospice whistleblower from retaliation from the hospice when the laborer (or a contractor) "is discharged, demoted, suspended, threatened, harassed, or in any other manner discriminated against in the terms and conditions of employment" for taking activity to try to stop the fraudulent activity. 31 U.S.C. § 3730(h). A hospice employee's relief includes reinstatement, 2 times the estimate of back pay, interest on the back pay, and compensation for any extra damages sustained as a ensue of the discrimination or retaliation, together with litigation costs and cheap attorneys' fees.

A Sc hospice fraud Fca whistleblower would initially file a disclosure statement, complaint and supporting documents with the U.S. Attorney's Office in Columbia, South Carolina, and the Us Attorney General. After the disclosures are filed, a federal court complaint can be filed. The Sc division where the frauds occurred, the relator's residence, and the defendant residence, will conclude which division the case will be assigned. There are eleven federal court divisions in South Carolina. Once the case has been filed, the government has 60 days to conclude either or not to intervene. During this time, federal government investigators settled in South Carolina will investigate the claims. If the case complex Medicaid, Sc Medicaid fraud unit investigators will likely come to be complex as well. If the government intervenes in the case, the U.S. Attorney for South Carolina is usually the lead attorney. If the government does not intervene, the relator's Sc attorney will prosecute the case. In South Carolina, expect a qui tam case to take one to two years to get to trial.

Tips on Recognizing Hospice Fraud Schemes

The Hhs Office of Inspector normal (Oig) has issued extra Fraud Alerts for fraudulent and abusive practices of hospices. U.S. And South Carolina hospices, patients, hospice employees and whistleblowers, their attorneys and lawyers, should be well-known with these hospice fraud practices. Tips on recognizing hospice frauds in South Carolina and the U.S. Are:

• A hospice contribution free goods or goods at below market value to induce a nursing home to refer patients to the hospice.
• False representations in a hospice's Medicare/Medicaid enrollment form.
• A hospice paying "room and board" payments to the nursing home in amounts in excess of what the nursing home would have received directly from Medicaid had the patient not been enrolled in the hospice.
• False statements in a hospice's claim form (Cms Forms 1450, Ub-04 or Ub-92).
• A hospice falsely billing for services that were not cheap or indispensable for the palliation of the symptoms of a terminally ill patient.
• A hospice paying amounts to the nursing home for "additional" services that Medicaid carefully included in its room and board cost to the hospice.
• A hospice paying above fair market value for "additional" non-core services which Medicaid does not consider to be included in its room and board payments to the nursing home.
• A hospice referring patients to a nursing home to induce the nursing home to refer its patients to the hospice.
•A hospice providing free (or below fair market value) care to nursing home patients, for whom the nursing home is receiving Medicare cost under the skilled nursing premise benefit, with the expectation that after the patient exhausts the skilled nursing premise benefit, the patient will receive hospice services from that hospice.
• A hospice providing staff at its cost to the nursing home to accomplish duties that otherwise would be performed by the nursing home.
• Incomplete or no written Plan of Care was established or reviewed at specific intervals.
• Plan of Care did not comprise an assessment of needs.
• Fraudulent statements in a hospice's cost report to the government.
• observation of determination was not obtained or was fraudulently obtained.
• Rn supervisory visits were not made for home condition aide services.
• Certification or Re-certification of concluding illness was not obtained or was fraudulently obtained.
• No Plan of care was included for bereavement services.
• Fraudulent billing for upcoded levels of hospice care.
• Hospice did not escort a self-assessment of ability and care provided.
• Clinical records were not maintained for every patient.
• Interdisciplinary group did not characterize and update the plan of care for each patient.

Recent Hospice Fraud enforcement Cases

The Doj and U.S. Attorney's Offices have been active in enforcing hospice fraud cases.

In 2009, Kaiser Foundation Hospitals settled an Fca lawsuit by paying .8 million to the federal government. The defendant assertedly failed to secure written certifications of concluding illness for a estimate of its patients.

In 2006, Odyssey Healthcare, a national hospice provider, paid .9 million to conclude a qui tam suit for false claims under the Fca. The hospice fraud allegations were commonly that Odyssey billed Medicare for providing hospice care to patients when they were not terminally ill and ineligible for Medicare hospice benefits. A Corporate Integrity trade was also a part of the settlement. The hospice fraud qui tam relator received .3 million for blowing the whistle on the defendant.

In 2005, Faith Hospice, Inc., settled claims an Fca claim for 0,000. The hospice fraud allegations were commonly that Faith Hospice billed Medicare for providing hospice care to patients more than half of whom were not terminally ill.

In 2005, Home Hospice of North Texas settled an Fca claim for 0,000 regarding allegations of fraudulently billing Medicare for ineligible hospice patients.

In 2000, Michigan osteopath Donald Dreyfuss, who pleaded guilty to criminal fraud charges, together with violation of the Aks for receiving illegal kickbacks from a hospice for recommending the hospice to the staff of his nursing home, settled an Fca suit for million.

Conclusion

Hospice fraud is a growing question in South Carolina and throughout the United States. South Carolina hospice patients, hospice employees, and their Sc lawyers and attorneys, should be well-known with the basics of the hospice care industry, hospice eligibility under the Medicare and Medicaid programs, and typical hospice fraud schemes. Hospice organizations should take steps to ensure full yielding with Medicare/Medicaid hospice billing requirements to avoid hospice fraud allegations and Fca litigation.

© 2010 Joseph P. Griffith, Jr.

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Dream the hereafter of Your Life

Law Offices - Dream the hereafter of Your Life

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At one point or another, every person has dreamed of becoming someone special. I mean who hasn't fantasized about development the big sale in your business, or being rich, or having a happy relationship? For a lot of habitancy these dreams, are just that, dreams. And they never of course happen, simply because the habitancy having these dreams just don't know how to make it happen or make it appear. You have to actively work at pursuing your dreams, you can just dream it once, and expect it to happen! And of course if you think about it, this is of course a benefit to you rather than a hindrance.

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If you have ever watched The Secret, you will remember the part of the movie where the guy is testing out his visualization techniques. He thinks of being in Africa or some place like that, and of elephants, when he opens his eyes, there is a giant elephant standing right in front of him! Now that is something we don't want! Well, most of us anyway. You can find some millions of habitancy who put these visualizations to work in their own lives, and they see astounding results. But if all you do is read about it and never of course apply it, you will never of course know the results of what The Law Of Attraction can bring into your life!

Some of these stores you can find online are incredibly awe appealing and in fact if your new to this age old concept, you should read about how to use the power of this force to tap into the abundance of the universe. You can have whatever you want. But you have to tap into that power. You can't just think it once or dream it once and expect it to happen. You have to of course feel it, believe it, visualize it every single day. I find it best to start with One main goal to start with. Do something easy if you want the Universe to prove itself to you. Photo a cup of hot coffee when you know darn well your engine is broken. Or the best parking spot in the lot on a rainy day. Feel how happy it makes you, see yourself visually pulling into the lot and looking that space right up front.

Once you get more comfortable with this "power" you can make more "demands" and even make a dream board if you like. A dream board is a piece of poster board that you tape all the things you want to. For example, my poster board is black, and I went straight through some magazines, kitchen, food, furniture, electronics, etc. I found all the things I wanted in those magazines like a laptop (which I got), a Pda (which I got), a brand new desk and chair for my home office (which I got) and a whole bunch of other things, cut them out, and glued them to my board. Then, I put the board in a place where I will look at it often.

Don't make this a chore ever. This should be Fun! Just think of all the awesome stuff you're going to get! By the way, these "things" don't all have to be objects. They can be feelings, or personality attributes. I found a of course nice "slogan" in this one magazine. I think it was for some sort of a medication or something like that. But it's a red and white slogan that says "Relax, You Are Getting Bolder!" I settled this on the middle of my board simply because sometimes I can be a slight timid, and I need to speak up more often. So that's one thing I want. I want to be Bolder!

Also, I put a fake photo copy of a thousand dollar bill I got from the library and glued that on there as well. Oh! And a few months ago I bought an additional one Entrepreneur magazine. And they had a thing in there about working at home and there was a nice slight keyword phrase that caught my eye. Dark blue background, and big bolded letters it says "Rich", I settled that on my board as well. And I just keep having faith in the Universe, that my "richness" is advent to me. Each day its closer and closer! It can be whatever you want. It's your board! Have fun!

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