News & Articles

Ann Arbor - Are Your Charitable IRA Donations Coming Back in Time for 2012?

Many experts are betting that Congress will revive a popular tax provision that allows those ages 70½ or older to save on taxes while donating assets in their individual retirement accounts to charity. But if you intend to give money to charity this… Read More
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Making Long-term Plans for Family Members with Special Needs in Ann Arbor

With each passing election season, the conversations about the cost of government-provided health care and Social Security get more urgent. But debates about the deserving and the undeserving and the proper level of budgets and taxes tend to gloss ov… Read More
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Ann Arbor - Your Social Security Payout Increase Will Be the Lowest Ever

More than 56 million Social Security recipients will see their monthly payments increase by 1.7% in January… The increase is among the lowest since automatic annual adjustments were adopted in 1975. Did you know your Social Security payout increase… Read More
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Categories: Aging Issues

Saying NO to Scam Artists in Ann Arbor

     “You pay nothing! All we need is a credit card for confirmation!” “You can’t afford to miss this offer, which is only available today!” Have you ever received a phone call from a stranger who sounds like this? If yo… Read More
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Categories: Elder Abuse

Ann Arbor Legal Alert: Law Change May Affect Your Financial Power of Attorney

    A recent, important change in Michigan law impacts your financial power of attorney. The new Michigan statute related to financial powers of attorney went into effect October 1, 2012, and may cause you serious challenges in us… Read More
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Ann Arbor Blended Families - Don’t Let Your Blended Family Become Bitter After You’re Gone

I noticed during a morning news show that September 16th was National Step-Family Day.  At first I chuckled at how many “awareness days” seem to be popping up.  Then, as an expert began to speak about blended families, I realized how in… Read More
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 2 of 2)

In our previous blog, we discussed why adding your child to your bank account can have dangerous consequences, such as losing your entire account in the event your child is sued, has a creditor, or gets divorced.  In this blog we discuss the pro… Read More
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 1 of 2)

                At Legacy Law Center, we frequently meet with clients who are sure that they don’t need to retitle their checking or other accounts to the name of their… Read More
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Why Should I Name My Trust as Beneficiary of My Retirement Account

An essential part of establishing and maintaining a trust is funding, the process by which your assets are moved into your trust.  Some assets need to be re-registered into your trust name, while others should have the beneficiary changed to nam… Read More
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Money Management Help for the Elderly in Ann Arbor

With the population aging, daily money managers are popping up to pay the bills and handle paperwork for those who lack the time, skill or desire to do it themselves. Helping care for an elderly loved one, or helping them care for themselves, can mea… Read More
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Categories: Elder Law

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