The laws and the interpretation of the laws change frequently. Planning strategies that were routinely used even a year ago, can no longer be used today. An expert attorney in Estate Planning and Elder Law works tirelessly to keep up with the changes. It is impossible today for a general practice attorney to have the comprehensive knowledge necessary to serve clients seeking Estate Planning advice. You wouldn’t have a hip replacement by your primary care physician!
The laws surrounding Estate Planning and Medicaid Planning are confusing. We understand these laws so that you can avoid costly mistakes. We have saved families millions of dollars and we can help your family too. A common question we hear from families is: Do I have to “spend down” all my assets to qualify for Medicaid?
The answer is a resounding, “NO!!” But, there are very well-meaning social workers, agency staff, and nursing home folks who tell families to “spend down” their life savings and then they may be eligible for Medicaid. They have the best of intentions, but they are not attorneys and don’t know the laws and strategies we use to get our families legally qualified for Medicaid. More families turn to David to get their questions answered and put a plan in place for their financial security and LifePlan Independence™.
Planning for your estate is a smart idea; if you do not make a plan for what will happen to your estate – another word for your assets and property – then the future of your estate will be uncertain. While Michigan law will still allow your estate to go to your closest relatives, who gets what will be out of your control.
In addition to making it clear how your assets will be distributed upon your death, estate planning also allows you to ensure that your loved ones are provided for, including a spouse, minor children, grandchildren, or disabled family members. An estate plan can also minimize the stress experienced by family members when you die, and avoid the tedious probate process. An estate plan that is well-devised can also minimize tax liabilities, too.
Do not put your future at risk; if you do not have an estate plan already, the time to create one is now. We can help – contact us today!
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