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Estate Planning: Dos and Don’ts
June 29th, 2022
The need for future planning confronts all of us at one point or another, and future planning includes estate planning. While you may not wish to think about topics like incapacity and death, they are both a part of life for everyone. Careful plannin…
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Can a Trustee Just Ignore the Terms of a Trust?
February 4th, 2020
Michigan law makes it clear that it is part of a trustee’s fiduciary duty to follow the terms of a trust, including those that relate to administering the trust assets, distributing them in accordance with the directives of the trust, and paying an…
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“Grandparent” Scams
January 9th, 2020
As individuals age, they often become more vulnerable to scams, which can end up costing them a great deal of money. As many senior citizens live on a fixed income, falling prey to just one scam can be financially devastating. One of the most common…
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Holiday Loneliness and Depression Can Be a Real Problem for the Elderly.
December 2nd, 2016
Although the holidays are usually always thought of as a joyous time, that is not the case for some. loneliness and depression are often on the upswing during this time of year….especially with the elderly. Changes and losses in the…
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States Race to the Bottom with Trust Laws
September 2nd, 2016
In the U.S. each individual state has wide latitude to determine its own laws for handling trusts. Many are concerned that a small handful of states are using that latitude to race to the bottom. Delaware has long been known for having trust-friendly…
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Categories: Aging Issues, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
Tags: Trusts
Holding a Trustee Liable
September 1st, 2016
One of the reasons that trusts are an effective estate planning tool is that the trustee is legally required to act in the best interests of the beneficiaries. However, it is increasingly difficult to hold trustees liable when they do not do so. Trus…
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Categories: Aging Issues, Current Affairs, Elder Abuse, Elder Law, Estate Planning, Power of Attorney, Succession, Trust Funding, Weblogs, Will
Paper Claims to Have Identified Prince’s Son
August 26th, 2016
If a California newspaper is correct, then dividing up Prince’s estate will be much easier than previously thought. The paper claims that DNA tests have proven that Prince has a son. Recently, the Minnesota probate judge overseeing the Prince estat…
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Categories: Aging Issues, Blended Families, Current Affairs, Elder Law, Estate Planning, Family Business, Film, Music, Probate, Succession, Television, Trust Funding, Weblogs, Will
Retirement Accounts Limit Time for Heirs to Make Decisions
August 24th, 2016
Beneficiaries of retirement accounts face big decisions and limited time. Inheriting spouse has many options and limited time to decide as recently discussed by Market Watch in “Inheriting a retirement account? Lump sum payouts can be costly.” Th…
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Categories: Aging Issues, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Succession, Taxes, Trust Funding, Weblogs, Will
Estate Planning for Alzheimer’s Disease
August 23rd, 2016
Good estate planning does not just concern itself with what happens to your assets after you pass away. It also takes into account the things that you might need at the end of your life, including the possibility of getting Alzheimer’s disease. Obv…
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New Medicare Law Could Save Patients Money
August 22nd, 2016
Because of a quirk in Medicare’s reimbursement policy some patients have been hit with thousands of dollars in unexpected out-of-pocket expenses. A new law does not fix the quirk, but it at least mandates that patients must be notified before the c…
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Categories: Aging Issues, Current Affairs, Elder Law, Estate Planning, Long Term Care, Medicaid, Special Needs, Succession, Trust Funding, Weblogs, Will