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Revoking an Irrevocable Trust
February 6th, 2015
By the basic meaning of its title, it would seem that an irrevocable trust cannot be revoked. However, in Louisiana, a battle is waging over whether or not that is always true. Tom Benson is believed to control the largest fortune in the state…
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Categories: Aging Issues, Blended Families, Elder Law, Estate Planning, Long Term Care, Medicaid, Probate, Trust Funding
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When DIY Estate Planning Goes Wrong
February 5th, 2015
People have many options today for creating their own estate planning documents. Forms can be purchased quickly from websites and books. However, trying to create your own estate plan can actually be more expensive than hiring an attorney. Hav…
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Categories: Aging Issues, Elder Law, Estate Planning, Long Term Care, Power of Attorney, Probate, Will
Answers to Questions about Medicare and Medicaid
February 4th, 2015
One adult son talks about his mother-in-law's well-being: She is elderly, lives alone, experiences symptoms of dementia, and doesn't accept help easily. She refuses to have strangers in the house. She has lost all effort to cook, but she wi…
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Another Celebrity Will Contested in Ann Arbor: Lessons for All
December 7th, 2012
One could only imagine what George Jefferson — the wise-cracking character who was “movin’ on up” on the 1970′s TV hit, The Jeffersons — would have said about this predicament. The body of actor Sherman Hemsley, who played George Je…
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The Inheritance Blues – Whitney Houston Estate
November 1st, 2012
The chief risk is always that the money will impact a kids’ motivation and self-reliance. “Ideally one would set aside enough funds to allow our family members to do anything they could do, but not so much that they could do nothing.” You give…
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 2 of 2)
October 17th, 2012
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…
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Adding Adult Children to Ann Arbor Bank Accounts - Simple Solution or Devastating Consequences? (Part 1 of 2)
October 17th, 2012
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…
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