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.
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Becoming Parents to your GrandchildrenGrandparents often step in to support their grandchildren, but unexpected events like a parent's death, incarceration, or addiction may require them to take on full-time caregiving. This transition can be unexpected and difficult.
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Timeshares and Your Retirement PlanTimeshares are vacation properties which are co-owned by different people to be used at different times throughout the year. Often, potential purchasers are approached about timeshare ownership when they are enjoying a vacation or through advertising. For those entering retirement, a timeshare at a holiday destination may be an appealing option. However, it is vital... Read More »
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Worried About How to Pay for Long-Term Care & Nursing Home Costs?You don't have to "go broke" in order to qualify for nursing home assistance programs. See how many seniors in Michigan are saving their home and assets...
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Planning for Your PetsPets can be as important to us as any family member. They are there as we celebrate our lives and serve as devoted companions. For those pet owners who are planning for their estate, there is also the consideration of how their pet will be cared for in the event of their death. The good... Read More »
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Moving? How to Protect Yourself, Your Belongings, and Your MoneyIf you or a loved one is planning a move, near or far, you may be thinking about hiring a professional moving company. On paper, a moving company will ensure everything you own gets safely from point A to point B — but finding the ideal moving company can be a challenge. Are they reputable?... Read More »
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No Uncapping of Taxes for Transfers by Michigan Lady Bird DeedThere has been lots of talk in the legal community about “uncapping” of real estate taxes. What is uncapping? Generally, whenever there is a “transfer of ownership” of real estate, the taxable value of that property “uncaps” in the year following the transfer to 50% of the property’s true cash value. In many cases, especially... Read More »
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Traditional Long-Term Care Insurance v. Hybrid Long-Term Care InsuranceMany people entering their senior years expect to remain healthy and able to live in their homes for many years to come. However, in reality, some people will experience age-related health challenges which will create the need for additional services such as nursing home, assisted living, or in-home attendant care. To prepare for this possibility,... Read More »
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There’s No Expiration Date on Entrepreneurship: The Joys of Starting a Business After You ‘Retire’As a nation, America is getting older. By 2030, 20% of Americans will be 65 or older. With people living longer than ever before and the baby boomers approaching retirement age en masse, older adults will continue to have a massive impact on the American economy at large. Normally, we think of seniors as people... Read More »
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Saving for Retirement: The Best StrategiesWhen you start working it can be difficult to fathom that one day you will be able to retire. While it may seem that retirement is many years away, for individuals in their 50’s and 60’s retirement can be a fast approaching reality. Ideally, people in this age group will have been preparing for retirement... Read More »
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Challenging GuardianshipWhen an individual is no longer able to take care of their basic needs, it may be necessary for a loved one or other concerned party to ask a court to appoint a guardian to make decisions on their behalf. Situations can arise, however, where a proposed ward disagrees and wishes to challenge this appointment. ... Read More »
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Remaining Healthy and Active During RetirementBeginning retirement can be an exciting time when you will want to travel, see friends and family, and enjoy favorite pastimes and recreation. One of the best ways to ensure that you can fully participate in these kinds of activities is to take care of your body. Here are some tips for remaining healthy and... Read More »
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The Implications of a “Gray Divorce”According to a 2015 study by the Pew Research Center, the divorce rate for individuals age 50 and older or gray divorce has approximately doubled over the last twenty-five years. For couples who had have spent most of their adult lives planning to share their home, finances and future divorce can have significant financial implications.... Read More »