According to a recent article published by Private Wealth Online, this year is likely to bring an increase in estate litigation, a rise in disputes concerning arbitration clauses in wills and trusts, and an expansion in the scope and usage of no cont…
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Medicaid is a government health insurance program that has strict income and asset requirements that all participants must meet. The amount of monthly income and assets that you can have and still qualify for Medicaid can vary from one individual to…
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The Program of All-Inclusive Care for the Elderly, or PACE, is a comprehensive service package that permits eligible individuals to remain at home while receiving services, rather than being institutionalized. Only certain frail and elderly individua…
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Probate and estate administration is the court process used to distribute a deceased person’s assets. Part of the administration process involves creating an inventory of all estate assets, paying debts and final expenses, and distributing the rema…
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The advantages of using a trust in your estate plan can be substantial, depending on your circumstances and needs. In some cases, however, a trust is perhaps not the best strategy to use in your estate plan. Every situation is different, so you shoul…
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As you face the reality that either you, your spouse, or both of you might need long-term care, finances are likely to be one of your major concerns. Skilled nursing facilities are extremely expensive, and even assisted living facilities are far out…
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When you execute a power of attorney, you are giving another person, or your agent, the legal right to handle your financial affairs and business. In a springing power of attorney, however, your agent has no authority to act on your behalf until you…
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If a loved one becomes unable to care for himself or herself or make necessary decisions, a guardianship is a legal option that you will want to explore. In a Michigan guardianship proceeding, a probate judge appoints an individual to make decisions…
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When an unexpected and life-threatening medical event occurs, your loved ones typically will take all steps necessary to get you the medical treatment that you need. As you approach the end of your life, however, whether it is through advanced age, i…
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Many individuals fail to engage in estate planning early in their lives because they don’t believe that they have a need to do so. They often think that estate planning is only necessary for much older people, or for people who have children, or fo…
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