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Tax Breaks Available for Supporting Elderly Parents in Ann Arbor
February 13th, 2013
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…
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A Gift You Cannot Return in Ann Arbor
February 7th, 2013
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…
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Safeguarding Your Elders: Is It Time To Take Away the Keys in Ann Arbor?
February 6th, 2013
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…
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The Latest Edition of DSM May Lead to Rise in Cognitive Diagnosis in Ann Arbor
February 5th, 2013
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…
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Keep a Sharp Eye on Taxes at the State Level in Ann Arbor
February 4th, 2013
…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…
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Location Inflation: Where You Live Determines Your Health Care Costs in Ann Arbor
February 1st, 2013
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…
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More People Get Option to Convert to Roth IRAs in Ann Arbor
January 31st, 2013
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…
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Retirement Possibility: Make a Run for the Border
January 23rd, 2013
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. …
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Safeguarding Your Elders in Ann Arbor: Is It Time To Take Away the Keys?
January 22nd, 2013
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…
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Categories: Elder Law
There is Still Time to Make Your IRA Gift to Charity in Ann Arbor
January 18th, 2013
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…
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