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Life Estate: One Way To Pass On The Family Home
February 18th, 2014
A life estate is a deed that entitles you to remain in your home for the rest of your life and allows your designated heirs to inherit it without the hassle of probate-court proceedings when you die. How can you avoid probate when it comes to the tra…
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Who Pays The Nursing Home Bill? Filial Laws Points To The Children
February 17th, 2014
Could you be legally liable for paying for your parents’ care? Filial support laws exist in 29 states as well as Puerto Rico, and have quietly existed on the books for a long time. Now, however, these laws are a very real and present concern for th…
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States Propose Changes To State Death Taxes
February 14th, 2014
New York’s governor, Andrew M. Cuomo, took a step toward bringing the state’s estate tax in line with the federal one. And he is not alone among governors of cold-weather states (along with the District of Columbia) that have realized affluent re…
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Consider Gifting Your IRA To Your Grandchildren
February 13th, 2014
Whichever way you pass on your retirement account assets, leaving an IRA can provide a grandchild with a significant financial foundation. Think of an IRA as a potentially powerful estate planning tool. Properly structured, an IRA may transfer wealth…
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What Will Become Of The IRA Charity Rollover?
February 12th, 2014
You were so helpful to me in September, clarifying the IRA charitable contribution. Do you know if the government is instituting that same contribution this year? We are well into tax season and planning for the upcoming year. Are you keeping up with…
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When To Shut Down The Pacemaker in Ann Arbor
February 11th, 2014
[Pacemakers] prolong lives, but “all those people will face decisions down the road,” Dr. Mueller said. “’Do I keep it going? Do I turn it off?’” Physicians have similar questions, including what kinds of patients confront these ch…
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Planning For The Final Chapter in Ann Arbor
February 10th, 2014
Completing the following four tasks can help you meet any last obligations to your loved ones, ensure your final days are spent as you want, and reconcile your dreams with the realities of your life. Is a goal without a plan just a wish? Regardl…
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End Alzheimer's Disease in Ann Arbor!
February 6th, 2014
Alzheimer's Association recently received wonderful news that their efforts are paying off both here at home and in Washington, D.C. For those of you who have not heard, President Obama just signed the 2014 Omnibus Appropriations Bill which…
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Medicaid's Give And Take in Ann Arbor
February 5th, 2014
The fear that the government could one day seize their homes is deterring some people from signing up [for Medicaid]. Medicaid comes with a lot of give and take. It is a safety net for those who need it, but it does come with its drawbacks. One drawb…
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Preparing A Will: What, Where And Why?
February 4th, 2014
You should prepare a will so your heirs will be taken care of in an organized, legal and efficient manner, according to your wishes. Preparing your will is not exactly a "fun" thing to do, as most people don't want to think about the e…
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