As of mid-July, invoices over 90 days past due tallied nearly $73,000. This is believed to be primarily the result of having changed to email-only invoices about a year ago. After a mailing explaining the billing difficulties, the past due amount was reduced to around $50,000 by late-August. Incoming payments dropped off at that point, so collection calls were made to the remaining members with a balance over 90 days past due.
Alcor’s 2006 taxes have been completed. Interviews of several local firms have concluded and are final proposals and references are being collected for presentation to the board of directors, who will select the firm to conduct Alcor’s annual review and/or audit.
The A-2309 last-minute case is in a state of limbo because of the lack of an executor for the estate. There is no one to carry out the decedent’s wishes. Several strategies are being discussed with our attorneys.
The A-1097 probate also continues. Renovations on the property bequeathed to Alcor are complete and the house is listed for sale at a competitive price. Our realtors recently held the first open house. Alcor was informed this month that it is the beneficiary listed on this patient’s IRA account and the funds can be distributed independent of the probate proceedings.