In our regularly updated blog, we discuss a wide range of topics of interest to Michigan seniors and their families. Learn what estate planning documents are essential in case of incapacity due to illness or injury, why you might benefit from creating a trust, how to use Medicaid benefits to pay for long-term care needs, and much more. To discuss your specific concerns, please contact our office to request a free initial consultation.
- Page 5
-
Understanding Nursing Home Medicaid in MichiganNursing home Medicaid is something which many people do not think about until they find themselves in a position of needing it. For those nearing retirement, Medicaid usually comes up when they urgently need long-term care in a nursing home. This kind of care is not covered by Medicare beyond a limited number of days. ... Read More »
-
Common Estate Planning Pitfalls to AvoidEstate planning is not something most people are eager to talk about. However, it’s a crucial part of your financial planning, and simply making responsible life decisions in general for the sake of your family and financial legacy. Estate planning is a complex undertaking, but it doesn’t have to be daunting. It is advised to... Read More »
-
Challenges to ConservatorshipWhen a person is no longer able to govern their financial interest effectively, it may be necessary for a loved one or other concerned party to ask a court to appoint a conservator to make financial decisions on their behalf. However, in some circumstances, the person may disagree with this appointment. Here are some important... Read More »
-
Options for Medicaid Planning in Light of Recent Court of Appeals DecisionsI am posting this blog to give you an important update about a recent Michigan Court of Appeals decision that affects a specific nursing home asset protection strategy. Whether you are a client of our firm, a friend or a professional who works with seniors, you should understand how this decision affects you and the... Read More »
-
4 Pieces of Advice from 90-Year-Olds Living a Happy Life
-
Special Needs Trust PlanningPlanning for the future of a child or another loved one with a severe disability often requires family members to become well versed in different government benefit programs. When the individual’s disability is expected to prevent them from working or being able to fully support themselves as an adult, these public resources can be of... Read More »
-
Senior Scams and How to Avoid ThemThese days you would be hard-pressed to find a group of people who are safe from scams. Whether it’s through complicated computer hacking, email phishing, or deceptive calls, there is an ongoing threat that someone is going to try to steal from you or your financial institutions. Seniors can be a preferred target for some... Read More »
-
Planning for your Retirement when you are the Parent of a Child with a DisabilityParents of children who have disabilities are faced with numerous challenges as they prepare for their future and that of their child. A concern these parents must address is how to prepare for their own retirement while ensuring their child will also have what they need in the future. There are some options for these... Read More »
-
Seniors Lose Billions of Dollars to Scams Each YearWe have all heard heartbreaking stories where senior citizens have fallen prey to unscrupulous people who manipulate them into paying money only to find out they have been scammed. Unfortunately, there appear to be countless schemes aimed at taking money from senior citizens. In fact, seniors lose billions of dollars each year to these types of... Read More »
-
Popular Nightclub DJ Got Her Start at 70Eighty-two is proving to be a fruitful age for Sumiko Iwamuro, aka DJ Sumirock. The octogenarian has recently risen to popularity in Japan as a dance club DJ. Iwamuro has always had a passion for music, but spent most of her time helping out her family as a dumpling cook at their restaurant. It was... Read More »