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What is an IRA Inheritance Trust?
August 9th, 2018
IRAs and other retirement funds often make up the bulk of an individual’s assets. In order to maximize the growth of these investments and protect beneficiaries, individuals sometimes choose to make the contingent beneficiary of the IRA a trust. Th…
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Categories: Estate Planning
What Makes a Trust a “Living Trust”?
August 7th, 2018
If you create a living trust, you are opting to serve as grantor, trustee, and beneficiary for the trust for the remainder of your lifetime. You are a grantor if you create the trust, which is the case if you creating any type of trust, not just a li…
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Alzheimer’s Disease: 2018 Facts and Figures
August 2nd, 2018
Alzheimer’s Disease is a degenerative brain disease that is causes dementia. While dementia can occur for other reasons, Alzheimer’s is the reason behind the vast majority of dementia cases, which causes difficulties with memory, language, proble…
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Categories: Aging Issues
What is the Difference Between Probate and Non-Probate Property?
July 23rd, 2018
The distinction between probate and non-probate property is an important one for the purposes of estate administration. Essentially, probate property must go through probate court proceedings in order to be distributed to heirs, while non-probate pro…
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Categories: Uncategorized
What is the Best Way to Leave Some of My Estate to Charity?
July 19th, 2018
Many individuals donate funds, property, services, and volunteer time to charities or non-profit organizations during their lifetimes. Not only is this practice personally beneficial, but it often makes good financial sense, as well. In many cases, t…
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Categories: Uncategorized
What Happens if I Die Without a Will?
July 13th, 2018
Although many individuals and families engage in careful estate planning, there also are a good number of people who choose, either purposely or inadvertently, to make no financial or legal arrangements for their property following their deaths. Whil…
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Categories: Uncategorized
Avoiding Probate in the State of Michigan
July 11th, 2018
If you want to avoid the time and cost involved in the probate process, you’ll need to create a comprehensive estate plan that includes mechanisms specifically designed to avoid probate. Simply having a will is insufficient; a will merely explain h…
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Categories: Uncategorized
Should I Give My House to My Kids to Protect It From Medicaid?
July 10th, 2018
With the costs of long-term care continuing to rise to astronomic levels, people are increasingly relying on Medicaid to help pay for their care. The catch is that you must meet certain resource limitations in order to qualify for Medicaid. While you…
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Categories: Uncategorized
Is There Any Way to Keep My Estate Plan Private?
July 5th, 2018
Many people think that they have a sufficient estate plan if they simply make a will. However, they do not always understand all of the implications of using a will as their sole estate planning tool. When an individual with a will passes away, the p…
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Categories: Uncategorized
What is a Power of Attorney?
July 2nd, 2018
A power of attorney is a legal document that can address both your financial and healthcare concerns in the event that you become incapacitated and unable to address those issues. By making powers of attorney part of your estate plan, you can ensure…
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Categories: Uncategorized
