You may spend your summers in Michigan. In the colder months, you then head south to a warmer state such as Arizona or Florida. You have your will, financial power of attorney, healthcare power of attorney and maybe a trust. …
Inherited IRAs Reachable by Creditors
Have you tried to do your own mini-estate plan and named your children or other loved ones as beneficiaries of your IRA? If you did, you may end up giving that IRA to the beneficiaries’ creditors. Under both Federal and …
Giving the Gift of Life
How would you like to save someone’s life? You can and it is not difficult. You can become an organ and tissue donor. You as an individual organ and tissue donor can save the lives of eight people and enhance …
Your Most Important Assets
What are your most important assets? What assets do you want to leave your children or other beneficiaries that they can have and use the rest of their lives? How do you want to be remembered? What will be your …
How to Prevent Conflicts About Medical Care in Your Family
I continue to get questions regarding estate planning basics. So I will continue with a discussion about making healthcare decisions. Have you ever thought about who would make your medical or mental healthcare treatment decisions if you could not because …
Long-Term Care Insurance-Why
Should you buy long-term care insurance? That is a complicated question that is not easy to answer. But before you can even start to answer that question, you have to know what long-term care insurance is. Long-term care insurance is …