Contact Us Today!

We're here ready to help you with all of your estate planning and elder law needs.
Fields marked with an * are required

Blog

News & Helpful Articles

How to Plan for a Medicaid Crisis

Nobody wants to face a Medicaid crisis in which an elderly loved one unexpectedly requires expensive, long-term care but is ineligible for government assistance. However, all too often, residents of Grand Rapids suddenly require nursing home care and are told that they have too many assets and thus cannot qualify for Medicaid. As a fact sheet from the U.S. Department of Health and Human Services (HHS) explains, Medicaid provides free or low-cost healthcare for a...

Continue Reading

When Should You Get Life Insurance?

Almost inevitably, there are final expenses to pay and accounts to settle when a loved one dies. So, life insurance is an integral part of an estate plan, because it gives the personal representative funds to deal with these items. Certain kinds of life insurance benefits the purchasers during their lifetimes as well, because they build equity that can be tapped or borrowed against. Quite frankly, there is little need for life insurance if one...

Continue Reading

Planning For Your Pets After You Die

A New York woman made headlines about a year ago when she revised her will to leave $1 million to her Maltese terrier. When 60-year-old Rose Ann Bolasny dies, Bella Mia will inherit a vacation home, a trust fund, and jewelry. The dog, whom Ms. Bolasny says is a “gift from God,” already has a $100,000 yearly allowance for grooming, meals, shopping sprees, and other items. She says she discussed changing her will with her two...

Continue Reading

Leaving Your Inheritance To Minors

Legally, minors cannot own property or make contracts, and that may be the best reason to partner with an experienced trust attorney regarding such vehicles for minor inheritance. There are some other reasons as well, because settlors (people who make trusts) may want to create incentive for a certain event, such as graduating from college, or they may have concerns that younger heirs are less able to make sound financial decisions. Michigan law recognizes several...

Continue Reading

Different Kinds of Michigan Trusts

A “trust” is something you might associate with wealthy socialite families. But trusts are actually a common Michigan estate planning device used by individuals from all social and economic backgrounds. There are, in fact, many different kinds of trusts that may be helpful to your own estate planning depending on the needs of you and your family. Revocable Trusts The most common type of estate planning trust is an “inter vivos” or revocable living trust. This is...

Continue Reading

What You Need to Know About Taxes and Estate Planning

Benjamin Franklin is often credited with coining the expression that “in this world nothing can be said to be certain, except death and taxes.” Indeed, the former does not necessarily end the latter. Even after death, the federal government may assess certain taxes against a deceased individual’s property—but proper estate planning can reduce or eliminate many of these obligations. What Is the Estate Tax? You have probably heard the phrase “estate tax” (or the more politically charged...

Continue Reading

Coping With Memory Loss

It is not unusual for an elderly parent or other relative to experience an occasional memory lapse. But frequent or prolonged memory lapses may indicate the existence of a more serious problem. Memory loss is often the first sign of dementia, which can affect an individual to the point where they can no longer take care of themselves or manage their own affairs. What Causes Memory Loss? Memory loss is not simply a function of getting older....

Continue Reading

Different Kinds of Assets to Consider When Estate Planning

Estate planning is important for everyone in Michigan, regardless of your annual income or the amount of property you own. There are many different kinds of assets that exist, and through estate planning, you can help to minimize the financial burdens associated with certain assets, and you can also help to protect certain assets for your beneficiaries. Before you begin the estate planning process, you should compile a list of all of your assets. What...

Continue Reading

How to Avoid Estate Planning Fraud

Estate planning fraud has become an increasingly common problem in recent decades, especially for the elderly. Fortunately, fraud can be detected at an early stage through careful planning and taking precautions, so if you are concerned that an elderly relative is being taken advantage of, it is vital to speak with an experienced estate planning attorney who can ensure that his or her interests are protected. Fraudulent Acts Elderly individuals are especially vulnerable to being...

Continue Reading