“Dad’s (or Mom’s) will says I am the sole beneficiary. I took the will to the bank, but the bank refused to give me my money. Why won’t the bank give me my money, when Dad’s (or Mom’s) will says …
Articles
Joint Ownership Fraught With Peril
Many people, including most married couples, use joint ownership of their assets as their own self-made mini estate plan. Sometimes joint ownership works to transfer assets upon death. Quite often joint ownership does not work because a joint owner gets …
Protect Yourself From Business Creditors
You think have a valid corporation or a limited liability company (also called an “LLC”) because you have filed with the State. But do you have a valid business entity? Most business owners organize their business as a corporation or …
Elder Financial Abuse
As the economy sinks in Michigan, financial abuse of the elderly is rising. The number of cases of financial exploitation of the elderly investigated by the Department of Human Services has nearly quadrupled since 2000. When you hear of elder …
The Truth About Medicaid Eligibility
There are many misconceptions about nursing home Medicaid eligibility. You will have undoubtedly received information from family, friends or others. Such information will be well intentioned, but most of the time it is only partly true. Medicaid laws are complex …
To Gift Or Not To Gift
You have probably heard from family or friends that you can give up to $10,000 per year without having to report it. As with the case of most legal and tax advice you hear from family and friends, it is …
Financial Planning Under 35
Financial Planning is not just for people nearing retirement. In fact, it is a good idea to begin planning for a comfortable and secure retirement when you are young. That is why Social Security has a new financial planning tool …
Making Decisions for Mom or Dad
So Mom or Dad has named you as their financial power of attorney and patient advocate. You will be handling financial and medical decisions for Mom or Dad if they are unable. Mom or Dad has told you that it …
Collections
You have spent the better part of the last fifty years, or more, collecting baseball cards, Coca Cola memorabilia, classic cars, coins or other collectibles. What will happen to your collection after you are gone? If you have an only …
Healthcare Issues
In your estate plan, if you are like most people, you want to make sure that you are in control while you are alive and well, that you and your loved ones are provided for when you are alive and …