News & Articles

How Gifting Relates to Medicaid Planning

January 30th, 2018
As you age, it is not uncommon for you to want pass on wealth or assets to your loved ones during your lifetime as gifts. Whether a grandchild needs funds to attend college, or a child needs money for medical expenses, it sometimes makes more sense t… Read More
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Bearing the High Costs of Long-Term Care

January 25th, 2018
A recent Forbes article details the high costs and problems involved in obtaining and maintaining long-term care. According to the U.S. Department of Health and Human Services, over half of the individuals who are currently turning 65 will need some… Read More
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What Legal Documents Should My College Student Have?

January 18th, 2018
Most 18-year-olds who are preparing to go to college are focused on packing everything they need, personalizing their dorm rooms, enrolling in classes, and buying textbooks. Executing estate planning documents is probably the farthest thing from thei… Read More
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Myths About Medicaid and Long-Term Care

January 16th, 2018
There are a lot of misconceptions about long-term care and insurance coverage that will pay for this type of care. All too often, individuals believe that they have sufficient coverage to pay for long-term care when needed later in life. The fact is… Read More
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Will Contests

January 10th, 2018
Creating a will is a way to pass on assets to future generations in a detailed and organized manner. A will allows you to set forth your intended distribution of your property and hopefully minimize conflict between heirs. In some cases, however, you… Read More
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How Do I Avoid Tax Problems When Making Charitable Donations?

January 8th, 2018
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?

January 5th, 2018
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?

January 4th, 2018
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

January 2nd, 2018
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

December 29th, 2017
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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