You want your children or grandchildren to be successful. You want them to be self sufficient. You want them to have a good start in life and you think college is one way to do it. But college is expensive. …
Changes to Spousal Medicaid Qualification
August was turbulent month for new Medicaid applicants. Until August 15, 2014, if your spouse went into the nursing home, and the two of you had any assets above the Medicaid limits, you could protect those assets by transferring them …
Financially Train The Kids
As parents, our job is to prepare our children to be self-supporting and self-sufficient productive members of society. The time to start this preparation is when they are young, when you can instill in them, good financial habits. If you …
Leaving Your Legacy
If you are like most people, you are charitably minded. Studies show that more than 80 percent of Michigan residents give annually to nonprofit charitable organizations. However, have you ever thought about what happens to those nonprofits after you are …
Planning with Family LLCs
You have probably heard about family limited liability companies (“LLCs”), but you may not know the reasons for which you would use them. A family LLC is an estate planning tool to transfer and/or hold assets for succeeding generations. Before …