We keep you updated with news that affects you and your loved ones.
The main takeaway of this article is a selfless one. Yes, you are deciding how you want your assets to be distributed upon your death. However, estate planning helps your family, friends, and people who you care about with instructions about what is to happen with your assets after you die.
“At some point in your life, there’s a good chance you’ll be tasked with acting as the executor of an estate.”
“The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.”
“Guardianships and conservatorships, particularly their more negative aspects, have made headlines in recent months amid the battle by entertainer Britney Spears to remove her father as overseer of her financial affairs. However, these legal arrangements may be necessary in certain instances, and those who potentially need to set one up should become acquainted with the good they do and the risks they hold.”
“Creating a trust as part of an estate plan can help protect assets and ensure your financial legacy is preserved. If you’re married, you may consider establishing a QTIP trust, which is short for qualified terminable interest property trust.”
“The cost of long-term care insurance is based on several criteria, including the number of clients who have kept their policies over time, as well as customers’ longer lives.”
“‘Aging in place’ is what most of us want—to stay home in our comfortable environment as we age and receive care in the home when needed, rather than moving to a nursing home or assisted living facility.”
“After you have narrowed your search down to those facilities, you should visit each one with the person who will be living there.”
“Members of the Senate are now considering H.R. 2035, the ‘Lifespan Respite Care Reauthorization Act of 2019’ bill.”
It is unthinkable to most people that they could lose the ability to handle their finances.
No matter where you are in life’s journey, we are here.
Whether you need to create an estate plan, protect minor children, need help with long-term care, or you own a business, our caring team can help.
We have 3 convenient locations throughout Mid-Michigan and are ready to serve you.
Take your first step by contacting us today.
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We want our clients to experience peace through planning.
We can help with Estate Planning, Elder Law, Probate & Estate Administration, Planning for Minors, Business Planning, Veteran’s Benefits, and Special Needs Planning.
Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation.
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