How Do I Avoid Tax Problems When Making Charitable Donations?

Since many charitable donations are tax-deductible, making a donation to a charity is a popular choice at the end of the year, when people are starting to think about their tax liabilities. Whether you give in the form of cash, investments, or items… Read More
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What is a Life Estate?

Under Michigan probate law, a life estate is a specific restriction on a gift to a relative, in that the gift only lasts as long as the relative’s life. For instance, suppose that a woman leaves a life estate in a piece of real estate to her second… Read More
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What Happens to My Child’s SSI When He Turns 18?

When a child who is receiving SSI turns 18, the Social Security Administration (SSA) will reevaluate your child’s claim, which can result in some individuals losing their SSI benefits. SSA regulations consider a child to be disabled if he or she ha… Read More
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How to Afford Assisted Living When You Need It Most

Long-term care is expensive, in general, and will only get more expensive in the future. While many people have put aside money for retirement throughout their working lives, those funds may be insufficient to finance a long period of long-term care,… Read More
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The Disturbing Trend of Millennials NOT Saving for Retirement

A recent CNBC story details how millennials differ from Baby Boomers when it comes to saving for retirement. According to the story, 41% of millennials have not started saving for retirement. At the same time, millennials have an average 20% less inc… Read More
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Should I Update My Estate Plan?

Many people create comprehensive estate plans and assume that those plans will address all of the issues that might arise with respect to your estate in the future. After many years, however, your estate plan may no longer reflect what you now want t… Read More
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Can I Make Provisions for My Dog in My Estate Plan?

Many individuals have close relationships with their pets, and may be concerned about who will take care of those pets when they become unable to do so. As a result, some people choose to make provisions for their dog, cat, or other animal friends in… Read More
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Signs of Undue Influence

Undue influence refers to a situation in which one person unfairly pressures or coerces another person to make an important decision. In other words, the person who is making the decision is subject to threats, misrepresentation, flattery, fraud, or… Read More
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Do I Really Need a Will if I Am Single?

Whether you are single, married, young, or old, estate planning is a necessity. You may not need an extensive or complex estate plan, but at the very least, you need to have a will and power of attorney in place. There also are other circumstances in… Read More
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Can I Do a Will Myself?

Many people believe that since they aren’t rich and won’t have many assets to leave behind, they don’t really need a will. Others think that they should probably have a will, but that it costs too much, or that their situations are simple enoug… Read More
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