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Medicaid Lookback Rules in Ann Arbor
January 20th, 2014
My mother gave me money in 2009. Now (2013) she is in a nursing home and needs to get Medicaid. Does that money need to go back in her account because of Medicaid's five-year lookback? Medicaid is wound tight with very well-intention…
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Medicare Denied? Appeal in Ann Arbor!
January 17th, 2014
If a beneficiary disagrees with a decision, there are reconsideration and appeals procedures within the Medicare program. Medicare approvals can be tough at times, and some may find their claims come up with the big "D" – denial. So w…
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Selling Your Business - Employee Stock Option Plan in Ann Arbor
January 16th, 2014
For business owners that have also established their business as a corporation (not an option for partnerships), an Employee Stock Ownership Plan (or ESOP) may provide a better retirement option. How you go about selling your business is completely u…
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Philanthropy Lesson: Check Your Charities in Ann Arbor
January 15th, 2014
Want to better understand the mistakes charities make, so you can do a better job in your own philanthropic endeavors? With the yearly end-of-year run on charitable giving now behind us for 2013, and year-end stresses subsiding, this might be a good…
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The Roth IRA Is "Mr. Popularity" in Ann Arbor
January 14th, 2014
Conversions from regular IRAs to Roth retirement accounts increased more than nine times in 2010, rising to $64.8 billion from $6.8 billion in 2009, according to data released [January 3rd] by the Internal Revenue Service. As reported in Bloomberg on…
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What About Those Pesky State Death Taxes?
January 13th, 2014
Even if you live (and, well, die) in a state that doesn't have an estate tax, your estate could be nicked if you own property or other tangible assets (such as a plane or a boat) in a state that does. We tend to spend so much time talking about…
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A Check-Up For Your Trust
January 10th, 2014
… Make sure that you understand what is in your trust. Other issues, particularly those related to tax issues, will require consulting with an estate planning professional. Do you have a trust? Trusts are powerful estate planning tools, those o…
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The Law Blurs The Lines Between Life And Death
January 9th, 2014
"It seems like there seems to continue to be confusion about what it means to die using neurologic criteria," said Cynda Hylton Rushton, professor of clinical ethics at Johns Hopkins University. Two recent medical cases are making headlines…
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The Many Methods Of Leaving An Inheritance
January 8th, 2014
People who take good care of their children take good care of their money, and people who take good care of their money take good care of their children. Money can bring about both the good and the bad, depending on how one uses it. So you can imagin…
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More Medicare Coverage For Mental Health Costs In 2014 in Ann Arbor
January 7th, 2014
“Hopefully, older adults who previously were unable to afford to see a therapist will now be more likely to do so,” said Andrea Callow, a policy lawyer with the Center for Medicare Advocacy. Now that 2014 is officially here, it's time to sta…
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