Monthly Archives: May 2019

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23 05, 2019

8 Estate Planning Benefits

May 23rd, 2019|Michigan Estate Planning|

8 Estate Planning Benefits Estate planning protects you and your family. This protection becomes necessary if you become incapacitated, or when you pass away. Many issues should be addressed in a well written plan. The following article lists a few of these essential points. #1. Providing for Your Family When a loved one becomes incapacitated or passes away a family is under a great deal of stress. This is not the best time for the added burden of financial stressors. Prior legal planning assists a family during this difficult time. A properly written plan ensures [...]

20 05, 2019

Medicaid Trust – Protect Your Assets

May 20th, 2019|Michigan Elder Law|

Medicaid Trust - Protect Your Assets Due to the expense of nursing home care some people turn to Medicaid to pay the high costs. Of course, Medicaid has numerous rules and qualifications before this coverage kicks in. In fact, Medicaid has a “countable” asset limit of $2,000. In other words, a nursing home resident and/or spouse must “spend down” or pay for their care until they almost have no money left. Fortunately, an experienced attorney can guide families through various ways in setting up a medicaid trust, or another type of trust to safeguard some [...]