While estate planning is important for avoiding unnecessary taxes and for making sure that your assets are passed on to the next generation in accordance with your wishes, there is another benefit that is rarely...
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We all hope to live long healthy lives, but this dream can be expensive, especially if you live in a nursing home in your old age. According to the National Center For Health Statistics, approximately...
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While each state has its own set of laws that govern wills and trusts within the state, the general principles are quite similar across the entire country. In fact, sixteen states, including Michigan, have adopted...
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Trusts are a great estate-planning tool that can be used to manage how your assets will be distributed to your beneficiaries. The basic concept is that you put assets into a trust and name a...
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Do you have a loved one in a nursing facility who would like to return home? The Nursing Facility Transition (NFT) helps those currently living in a nursing home move into a house, apartment, or assisted...
Read MoreWho gets control of your Facebook, email and other cyber accounts after you die? Michigan has enacted the Fiduciary Access to Digital Assets Act that will let account holders plan ahead and grant others access...
Read More[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" box_shadow_on_row="no"][vc_column][vc_column_text]Medicaid imposes stringent limits on income and assets of recipients, consistent with its mission to provide a health care safety net for the poor and for those whose personal...
Read MoreHow would you split up an Inheritance to your loved ones? When will you allow the person to have it? Will they be old enough or mature enough to invest or do something worthy with your gift?. The...
Read MoreThe overwhelming majority of nursing home residents receive Medicaid. That’s right! Over 70% of nursing home residents right now are getting Medicaid. What about the rest? They’ll be on Medicaid too… in 6-18 months! Think...
Read MoreThe estate tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market...
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