After reading the text or other on-topic sources, post your thoughts on and discuss the issues...

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After reading the text or other on-topic sources, post your thoughts on and discuss the issues presented in this situation. You have been split into discussion groups for this assignment. You need to adequately analyze and discuss together the facts below in your discussion group. Example 2.21 from book: -Bill (age 42) & Marsha -3 small children; 1 child from Bill's first marriage. -Bill's Liquid Net Worth = $200,000 -No estate planning documents -Bill is in a serious accident, leaving him comatose -Has exhausted his health insurance lifetime benefit -Hospital costs are between $5,000 and $14,000 per day Discuss the issues presented in this situation -No Living Will or Advance Medical Directive - His net worth may be depleted within 15-45 days -after meeting lifetime benefit No Power of Attorney for Health care or Property Need to go to court to get things sold/done What if Marsha has no assets? -No will - His assets may not be distributed according to Bill's wishes, particularly with his blended family Then post at least one comment to one of your classmates' first post. Be kind and courteous to each other as we are all learning. Do NOT share personal information in your essay or comments. Discussion posts should be/include: • At least 500 words (graded heavily on quality) • Include sources if using more than the textbook for information Add significantly to and encourage further discussion After reading the text or other on-topic sources, post your thoughts on and discuss the issues presented in this situation. You have been split into discussion groups for this assignment. You need to adequately analyze and discuss together the facts below in your discussion group. Example 2.21 from book: -Bill (age 42) & Marsha -3 small children; 1 child from Bill's first marriage. -Bill's Liquid Net Worth = $200,000 -No estate planning documents -Bill is in a serious accident, leaving him comatose -Has exhausted his health insurance lifetime benefit -Hospital costs are between $5,000 and $14,000 per day Discuss the issues presented in this situation -No Living Will or Advance Medical Directive - His net worth may be depleted within 15-45 days -after meeting lifetime benefit No Power of Attorney for Health care or Property Need to go to court to get things sold/done What if Marsha has no assets? -No will - His assets may not be distributed according to Bill's wishes, particularly with his blended family Then post at least one comment to one of your classmates' first post. Be kind and courteous to each other as we are all learning. Do NOT share personal information in your essay or comments. Discussion posts should be/include: • At least 500 words (graded heavily on quality) • Include sources if using more than the textbook for information Add significantly to and encourage further discussion

Answer rating: 100% (QA)

The primary issue in this situation is the lack of estate planning documents Without a living will or advance medical directive Bills liquid net worth of 200000 could be depleted within 1545 days depe... View the full answer