Making an estate plan is not a one-time affair. Changes in your life may prompt you to revise your will, trust, power of attorney, or advance directives for health care. Even if you do not think any changes are necessary, it may still be a...
Read MoreMedicaid is designed to help seniors with limited means afford medical care, including long-term nursing home care. Since Michigan's Medicaid program imposes strict limits on an applicant's income and assets, some planning may be necessary to help ensure eligibility. Medicaid estate planning generally falls into...
Read MoreA revocable living trust is an estate planning tool that lets you transfer assets to a trustee. You can serve as your own trustee, allowing you to keep control over the assets during your lifetime. Upon your death, a successor trustee (that you previously named)...
Read MoreIf you have minor children your first estate planning question is probably, “Who will take care of them if I die?” Naming a guardian for your child is a major decision. There are a number of things you need to consider before making your choice. Guardianships...
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