» Elder Law

Tax Breaks Available for Supporting Elderly Parents in Ann Arbor

You might be able to claim your parent as a dependent, take a dependency care tax credit, write off your mom or dad’s medical expenses or get some combination of these tax breaks. It’s that time again – Uncle Sam is knocking on your door and re… Read More
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A Gift You Cannot Return in Ann Arbor

The Brooklyn Museum seemed to have garnered a bonanza in 1932 when it received a large bequest from the estate of Col. Michael Friedsam, president of the elegant retail emporium B. Altman. But eight decades later … the museum potentially faces a he… Read More
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Safeguarding Your Elders: Is It Time To Take Away the Keys in Ann Arbor?

What can you do when a strong minded elder should stop driving but refuses to do so? Remember the freedom you felt as a teenager when you learned to drive? If yes, then you can appreciate how difficult it is for elderly loved ones to relinquish that… Read More
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The Latest Edition of DSM May Lead to Rise in Cognitive Diagnosis in Ann Arbor

The Diagnostic and Statistical Manual of Mental Disorders, published and periodically updated by the American Psychiatric Association, is one of those documents few laypeople ever read, but many of us are affected by. When you have an elderly loved o… Read More
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Keep a Sharp Eye on Taxes at the State Level in Ann Arbor

…State estate and inheritance taxes have been in constant flux over the last decade. And it’s not just the list of states that has been changing, but in some states, the level at which the tax kicks in has been changing (both up and down). So it… Read More
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Location Inflation: Where You Live Determines Your Health Care Costs in Ann Arbor

Inpatient hospital prices in Los Angeles average 149% of Medicare rates; in Richmond, Va., those rates are 192% of Medicare's prices, according to CSHSC. Ever noticed how prices of certain items can be more or less depending on where you buy the… Read More
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More People Get Option to Convert to Roth IRAs in Ann Arbor

Under the new rules, a Roth conversion would be available to anyone with a traditional 401(k) and an employer who offers a Roth account and conversion. It’s no doubt that the Roth IRA is a favorable option to many people when it comes to retirement… Read More
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Retirement Possibility: Make a Run for the Border

Among the top retirement spots in the world this year, you’ll find great variety in the cultural offerings, climates and lifestyles. When you hear “make a run for the border,” you may be reminded of Taco Bell’s slogan in the mid-1990s. … Read More
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Safeguarding Your Elders in Ann Arbor: Is It Time To Take Away the Keys?

What can you do when a strong minded elder should stop driving but refuses to do so? Remember the freedom you felt as a teenager when you learned to drive? If yes, then you can appreciate how difficult it is for elderly loved ones to relinquish that… Read More
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Categories: Elder Law

There is Still Time to Make Your IRA Gift to Charity in Ann Arbor

Unless an IRA is a Roth, the account owner must take yearly minimum required distributions starting at age 70½ and pay tax on the withdrawals. With the charitable IRA rollover, as it is called, the donation can count against the minimum required dis… Read More
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