Estate Laws In Michigan
The laws and the interpretation of the laws change frequently. Planning strategies that were routinely used even a year ago, can no longer be used today. An expert attorney in Estate Planning and Elder Law works tirelessly to keep up with the changes. It is impossible today for a general practice attorney to have the comprehensive knowledge necessary to serve clients seeking Estate Planning advice. You wouldn’t have a hip replacement by your primary care physician!
The laws surrounding Estate Planning and Medicaid Planning are confusing. We understand these laws so that you can avoid costly mistakes. We have saved families millions of dollars and we can help your family too. A common question we hear from families is: Do I have to “spend down” all my assets to qualify for Medicaid?
The answer is a resounding, “NO!!” But, there are very well-meaning social workers, agency staff, and nursing home folks who tell families to “spend down” their life savings and then they may be eligible for Medicaid. They have the best of intentions, but they are not attorneys and don’t know the laws and strategies we use to get our families legally qualified for Medicaid. More families turn to David to get their questions answered and put a plan in place for their financial security and LifePlan Independence™.
Come to a LifePlan™ workshop and get the legal answers to these questions:
- What is an Estate?
- What is a Will?
- What is Probate?
- What Is Medicaid?
- What is a Power Of Attorney?
- What does the 5 year look-back for Medicaid mean?
- Can the Government Take my Home Away?
- Can I Transfer My Assets to Qualify for Medicaid?
- What is the difference between Medicare and Medicaid?
The Benefits of Estate Planning
Planning for your estate is a smart idea; if you do not make a plan for what will happen to your estate – another word for your assets and property – then the future of your estate will be uncertain. While Michigan law will still allow your estate to go to your closest relatives, who gets what will be out of your control.
In addition to making it clear how your assets will be distributed upon your death, estate planning also allows you to ensure that your loved ones are provided for, including a spouse, minor children, grandchildren, or disabled family members. An estate plan can also minimize the stress experienced by family members when you die, and avoid the tedious probate process. An estate plan that is well-devised can also minimize tax liabilities, too.
All individuals who own assets should consider an estate plan; for those with significant wealth, an estate plan is a necessity.
Our Estate Planning Attorneys are Ready to Serve You!
Do not put your future at risk; if you do not have an estate plan already, the time to create one is now. We can help – contact us today!
(616) 361-8400
Preserve what you own. Protect what you value.
Reserve Your Seat today for one of our Grand Rapids Free LIFEPLAN™ Workshops!
