There is a new scam that targets seniors and the disabled. Identity thieves are fraudulently rerouting Social Security benefits to their own bank accounts and prepaid debit cards. After acquiring the necessary personal information, full name and account number, the identity thieves contact the Social Security Administration and request that payments be rerouted to their…
The July death of actor Sherman Hemsley, the star of the 1970s sitcom “The Jeffersons” has provided a great example of the significance of having an estate plan. His family members battled over the will because Hemsley never took the time to decide how his assets should be distributed upon his death. Flora Enchinton claims…
It is likely that you are able to delay the move to a nursing home for months or years, but eventually it cannot be avoided, so here are some tips to help make this difficult decision. Support exists in the community like Meals on Wheels, or adult day care, but a frail elderly person how…
So, why complicate things with a trust? Why not just keep the planning as simple and inexpensive as possible? The short answer is that gift transaction costs are only part of what needs to be considered. Many important benefits that can result from gifting in trust are forfeited by outright gifting. These benefits are what give value to using irrevocable trusts in Medicaid planning.
Often times the family home is the asset that has the most sentimental value in it for a family and unfortunately, it can be one of the most difficult assets to properly plan for when you’re looking at Medicaid planning. That is why it is important to work with an elder law attorney as you try to navigate the confusing long-term care legal maze.
Long-term care costs are typically not planned for in your typical estate planning documents. A Michigan elder law attorney should be consulted to ensure that your estate plan provides for more than just estate tax protection.
A diagnosis of Alzheimer’s is a scary proposition. When it happens, it is important to seek the help of qualified professionals who devote their practice to assisting Michigan Alzheimer’s individuals and their family’s.
I had a client come into my Oakland County elder law office after getting charged over $6,000 by a prominent Macomb County elder law attorney, and frankly I was taken a back. I was not shocked by the fees, no, I was shocked at how what this elder law charged her for made absolutely no…
Well, it looks like another elder law attorney colleage of mine has run into yet another instance of these “associations” who allegedly help veterans apply for VA benefits, only to sell them an annuity that causes all sorts of problems (other than for the annuity salesman). This time the outfit is called Veteran’s Financial, Inc….