Articles

Hope for the Best, Plan for the Worst

When life happens, are you prepared? Do you just react to life events or do you have a plan in place? By being proactive, you can soften the adverse effects of unexpected events. Last week, we had an unanticipated event …

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Why Would I Want to Go Through Probate

I had two clients come through our offices last week in which both plans are designed and intended to go through probate after death. For most of our clients, avoiding the time, cost and lack of privacy of probate court …

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Should You Cosign or Guarantee that Loan?

You love your family, your children, grandchildren, nieces and nephews. You do not like to see them struggle or have a difficult time with life. Your parenting/grandparenting instincts kick in and you just want to “help” them out. It is …

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Protecting Special Needs Inheritances

I had a client come in this week who was the Social Security Payee for her disabled daughter. Her daughter was on Social Security Disability, Medicare and Medicaid. The father of her daughter recently passed away and was leaving a …

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Putting your Financial House in Order

If you haven’t heard already, April is National Financial Literacy Month. It is a great time to pay particular attention to financial education. According to a 2017 US Bureau of Labor Statistics survey, 46%, or nearly half of American workers …

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Social Security Myths

Last week, I attended the State Bar of Michigan Elder Law and Disability Rights Section 16th Annual Spring Conference in Plymouth, Michigan. One of the presenters at the conference was Daniel D. McHugh, a Certified Financial Planner® and Certified Public …

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Some Income Tax Questions

It’s that time of year to prepare and file your annual income tax returns. Most all individuals are calendar year taxpayers. You file your tax returns each year by April 15, reporting  income for the previous calendar year. So this …

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