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Michigan Elder Law Today

Monday, October 7, 2013

Advance Planning Can Help Relieve the Worries of Alzheimer’s Disease

The “ostrich syndrome” is part of human nature; it’s unpleasant to observe that which frightens us.  However, pulling our heads from the sand and making preparations for frightening possibilities can provide significant emotional and psychological relief from fear


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Sunday, September 29, 2013

Veteran’s Aid & Attendance Benefit: Avoid Scams and Get Trustworthy Advice

Many veterans are unaware of the Aid and Attendance benefit, a component of the Veteran’s Administration Improved Pension that was designed to provide much-needed financial help to elderly veterans and their spouses.


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Wednesday, September 25, 2013

Common Estate Planning Mistakes Regarding Individual Retirement Accounts (IRAs)


 

Common Estate Planning Mistakes Regarding Individual Retirement Accounts (IRAs)

For many people, retirement savings accounts are among the largest assets they have to bequeath to their children and grandchildren in their estate plans.  Sadly, without professional and personally tailored advice about how best to include IRAs in one’s estate plan, there may be a failure to take advantage of techniques that will maximize the amount of assets that will be available for future generations.

Failure to Update Contingent Beneficiaries

Assets in an IRA account usually transfer automatically to the named beneficiaries upon the death of the account holder, outside of the probate process.  If the account holder’s desired beneficiaries change, due to marriage, divorce, or other major life events, it is critically important to update the named beneficiaries as quickly as possible to prevent the asset from passing to an outdated beneficiary.  When updating beneficiaries, account holders should not neglect contingent beneficiaries – those individuals named to receive the asset if the primary named beneficiary is already deceased when the account holder dies.
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Wednesday, September 18, 2013

You’ve Finally Done Your Healthcare Directives – Now What?

Healthcare directives can be vitally important, as recent cases, like that of Terry Schiavo, clearly brought to light. These important documents can mean the difference between your health care wishes being carried out or family members fighting over whether a loved one should be placed in a nursing home or removed from life support.


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Sunday, September 8, 2013

When Should You Make a Medical Durable Power of Attorney

In my last blog post, I wrote about designating a patient advocate in Michigan with a Medical Durable Power of Attorney.  This post is about when that should be done.


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Monday, September 2, 2013

The Medical Durable Power of Attorney in Michigan

One of the important components of a longevity and estate plan is the creation of legal instruments for medical and other personal care decisions.

 


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Saturday, August 24, 2013

What to Expect at an Elder Care Consultation


Many people have never met with an elder care attorney before, so they may be concerned about what will happen at a consultation with an attorney.  I have written an article that you can review by clicking here that describes the consultation process in my office.  If you or an older relative have concerns about Medicaid, VA Aid and Attendance benefit, or long-term care planning, you may find this information useful.
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Saturday, August 17, 2013

An Important Development Regarding Home Care

It has long been the case in the State of Michigan that the state frowned upon payments to family caregivers.


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Monday, August 12, 2013

Congress Considers Legislation to Restrict Access to Aid and Attendance

Aid and Attendance is a wonderful program that can help elderly veterans and their surviving spouse pay for long-term care in their home, assisted living facilities and, if properly documented, other senior living facilities. 


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Monday, April 29, 2013

Legal Whirl - Part Two

In my last post, I wrote about how Mike had purchased a power of attorney for elderly father, Robert, who has dementia, from a legal forms website, Legal Whirl.


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Monday, March 4, 2013

Legal Whirl

Mike, age 56, was upset.  He had just gotten off the telephone with the realtor who was handling the sale of his parents’ home.  The realtor told him the title company refused to accept the power of attorney that Mike had gotten for his father, Robert.


Read more . . .


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Estate Planning & Elder Law News

Elder Law, Estate Planning, and Probate attorney Andrew Byers helps people in Troy, MI and throughout Oakland County, MI including Royal Oak, Clawson, Berkley, Huntington Woods, Rochester Hills, as well as throughout the metro Detroit area, including Macomb County and Wayne County, Michigan.



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