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Category Archives: Estate Planning

Paying for Nursing Home Care

In order to qualify for Medicaid assistance with the expense of nursing home care you must have exhausted the majority of your assets. Your cash assets cannot exceed $2,000, but your homestead real estate equity is allowed up to $560,000. This discrepancy in allowances means that you can protect a significant portion of your assets […]


Planning for your elder care

Thinking ahead to your golden years is difficult because there are so many unknowns. Yet failure to give consideration to what’s ahead can result in the loss of assets, poor care and hardship for your spouse or other family members. You can express your wishes regarding the level of care you’d like, how you’ll pay […]

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Married Couples Dilemma: Who Gets the Kids?

For busy couples raising a family, taking time to consider ‘who gets the kids’ is the last thing on the to-do list. In fact, 65% of Americans have nothing in writing regarding the care of their children and distribution of assets upon their passing. Simply put, they do not have a will. If you have […]

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Estate Plan Documents: Where are they?

Imagine your loved ones not being able to locate the documents you had prepared to administer your estate? A stressful time just became more challenging. One of the most important things about your estate plan and associated documents is remembering where they are. Keeping Track There are three important questions to ask yourself. First, where […]

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Digital Asset Estate Planning

Did you know you own assets, separate from your real estate and personal property known as “digital assets”? A digital asset is digitally stored content or an online account owned by an individual. Your digital assets have personal value and in some cases significant financial value (think of bitcoin or a domain name). Like other […]

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Common Questions About Probate

What is probate? Before the terms of your will can be carried out the court must accept the document. Probate is the name for the acceptance process. What documents are needed for probate? The court needs a copy of the will and a death certificate. Once the process is underway, an inventory of all assets and debts […]

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What is Elder Law?

In our practice, Elder Law refers to planning for the health and economic well being of older adults or people with disabilities. This includes dealing with issues related to long term nursing care, guardianship, retirement, Social Security, Medicare/Medicaid and more. At the heart of this legal work is asset protection and advanced planning. The aging process is […]

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Michigan Approves Asset Protection Trusts

Michigan recently became the 17th state to allow citizens to form – domestic asset protections trusts –that can shield assets from future creditors and lawsuits. Candidates for this type of trust are those facing liability concerns, high-risk professionals and those with a large net worth. It’s best to set up this kind of trust far […]

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Does My Power of Attorney Expire?

Yes, your power of attorney may go stale. Banks and other financial institutions are reluctant to accept a power of attorney over five years old. This reluctance has a valid basis, as powers of attorney can be used to commit fraud. An up-to-date document reassures those granting access to financial information the intentions of the […]

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Where are your important papers?

 Do you keep your documents in one spot and is everything up-to-date? These documents need updating; passports, estate planning papers, insurance policies, financial records, property deeds, and passwords, to name a few. Choose a day to review your documents. Do you have a new address or beneficiary to add to a life insurance policy? Want […]

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