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Michigan Elder Law Today

Friday, August 4, 2017

Age-appropriate Legal Documents

Twenty years ago, Jim and Sandy, age 45 at the time, went on their first vacation without their kids since they were married. They had no planning documents in place, and had to scramble quickly to get a simple will and a power of attorney to make sure their kids would be taken care of should something happen to them.

Read more . . .


Wednesday, July 26, 2017

Medicaid Reform: Are Block Grants Coming?

Medicaid, the single largest source of health coverage in the United States, provides health coverage to almost 75 million Americans, including children, pregnant women, parents, seniors and individuals with disabilities.

Medicaid is a federal program, but it is administered by the states. To participate in Medicaid, federal law requires states to cover certain groups of individuals, such as low income families and individuals receiving Supplemental Security Income (SSI). States may choose to cover other groups, such as individuals receiving home- and community-based services.

Funding for the Medicaid program comes from both the federal government and the individual state governments.


Read more . . .


Friday, July 21, 2017

Are Patients Leaving Hospitals Too Soon?

While most hospital discharges are agreed upon by doctors and their patients, there are some circumstances when there is disagreement about whether it’s time for the patient to leave.

Read more . . .


Monday, June 12, 2017

Gratitude to the Rescue


Five ways to get out of that funk and onto better things

 

When parsing through your furniture with your soon-to-be-ex, mustering gratitude is probably not your first instinct. But a growing body of research shows that acknowledging what you have (rather than focusing on what you've lost) may be your best defense against depression, anxiety and the harmful effects of stress.

 

A recent article in The Journal of Happiness Studies (yes, that's a scientific periodical) reported that feeling grateful has broad positive effects on people, including increased subjective well-being, lowered negative states such as depression, social anxiety, and lowered stress and improved sleep quality."Grateful thoughts before falling asleep were associated with higher subjective quality of sleep and with better functioning the following day," the report stated. "Similarly, research suggests that feelings of gratitude are associated with other positive outcomes such as emotional and social functioning.


Read more . . .


Tuesday, May 9, 2017

Estate Planning for Grandparents Raising Their Grandchildren

How can I ensure my grandchild is cared for in the event of my death?

In the past 30 years, the number of children being raised by their grandparents has doubled.  United States Census reports indicate that about 6.5 million children under the age of 18 are currently living in a home that includes at least one grandparent. There are numerous reasons why a grandparent may end up raising a grandchild, including the death or incarceration of a parent.  No matter the reason, any grandparent who provides care for their grandchild should take steps to ensure their loved one is protected after their death.


Read more . . .


Thursday, April 6, 2017

Estate Planning In Your 20s

Do I need an estate plan if I am young and healthy?

While most of us have a basic understanding about what the term “estate planning” means, few young adults believe estate planning is something they need to worry about.  After all, your twenties are a time for fun, adventure, and figuring out what you want to do in life.  Despite the advantages of youth, however, tragedy can strike even the youngest and healthiest among us.  Young people with few assets do not need an extensive estate plan, but they do need a few vital documents in place to protect their families and loved ones in the event of a sudden accident or illness.  


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Monday, March 27, 2017

Michigan Gun Laws

When specific assets pass through your estate, you need to consider how they will affect the beneficiary. In most situations, you may only have to consider logistics and taxes. However, items that are subject to specific legal regulation require extra planning and care.
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Thursday, March 23, 2017

New Law Allows for the Creation of Irrevocable Trusts in Michigan

Is an irrevocable trust the right estate planning tool for me?

The Michigan Qualified Dispositions in Trusts Act of 2016 recently took effect and it could benefit thousands of individuals in Michigan who want to protect their assets from creditors during their lifetime.  Trusts in Michigan have always provided an excellent estate planning tool.  A traditional revocable trust in the state allows individuals to transfer their assets to a living trust for their use during their lifetime.


Read more . . .


Sunday, February 26, 2017

4 Common Myths About Powers of Attorney


Powers of attorney are extremely useful documents in the event of mental incapacity. These documents are also useful in less dire situations, such as when the principal is out of the country or simply unable to sign an urgent document. Nonetheless, rumors concerning potential pitfalls with powers of attorney continue to swirl, including the ever-present concern that an agent can make off with the principal’s money.
Read more . . .


Tuesday, February 7, 2017

The Basics of Asset Protection Planning

Asset protection is a wealth strategy that helps you protect your assets from creditor claims. It is useful for both individuals and businesses. Proper planning can prevent creditors from having access to some of your most valuable or precious assets. It is often used in conjunction with an estate plan because many of the tools used for asset protection planning are also estate planning tools.

Some clients become uneasy about the idea of asset protection planning because they assume that moving your valuables to avoid creditors is illegal.


Read more . . .


Tuesday, January 31, 2017

Long-Term Care Insurance: Salvation or Rip-Off?

Do I need long-term care insurance?

As the baby boomer generation ages, the question of whether or not to purchase long-term care insurance becomes a pressing one to a greater and greater segment of the population. In considering matters like long-term care, having a skilled and knowledgeable elder law attorney at your side is invaluable. The same lawyer who has the experience and savvy to help you plan your estate distribution is fully prepared to guide you towards, or away from, long-term care insurance depending on the specifics of your situation.


Read more . . .


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