When you were young, you started with nothing. But you have worked hard all your life. Now things are different. You can afford things you never thought would be possible. You are doing well. You want the same for your …
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Spouse in a Nursing Home
Last week, we discussed family-friendly Medicaid options if you are single and nursing home bound. In that instance and if you have the proper estate planning documents in place, the Medicaid rules allow you to save about half of your …
Half a Loaf is Better than None
Last week, we discussed caregiving options with modest estates. But what if you have saved more than the national average of $35,000. Is there anything that you can do to protect those assets for you and your loved ones in …
Living Arrangement Options Small Estates
You have worked hard all your life. You also have tried to save, but some financial emergency usually came up. You did not save as much for retirement as you wanted to put aside. Unfortunately, you are not alone. According …
The Truth About Medicaid Eligibility
I regularly get questions about protecting assets and qualifying for Medicaid to pay for nursing home care. There are many misconceptions about nursing home Medicaid eligibility. We have discussed some of these issues before. However, since I continue to get …
Do You Really Have an Estate Plan
You have done more than the majority of people in the state of Michigan, you have some estate planning documents. You have a will, a power of attorney or two, and maybe even a trust. But you also have a …
Providing for Special Needs Loved Ones
Last week, we discussed protecting your special needs child or other loved one who is developmentally disabled and/or legally incapacitated. As we talked about, if you are your loved one’s primary caregiver or caretaker, proper planning dictates that you designate …
Protecting Special Needs Loved Ones
You may have a special needs child or other loved one who is developmentally disabled and/or legally incapacitated. Since his or her birth, you have been the primary caregiver. Have you thought about what would happen if you could no …
Michigan Attorneys Handling Out of State Plans
You live in another state, but want a Michigan attorney to handle your estate plan. There are many reasons that you may want a Michigan attorney to coordinate your estate plan. It may be that you summer in Michigan, but …
I’m A Trustee – What Do I Do Now?
You may have been named as successor trustee of Mom or Dad’s trust. Do you really know what that entails? Do you know what your obligations are? As a successor trustee, your primary duty is to preserve and protect the …