If you have original Medicare, the doctor you visit can make a difference in how much you have to pay. While you can go to any doctor who accepts Medicare payments, if the doctor does not “accept assignment,” you can end up paying a lot more. (This does not apply to beneficiaries who are in […]
Category: Life Transitions Planning
While it is important to have an updated estate plan, there is a lot of information that your heirs should know that doesn’t necessarily fit into a will, trust or other components of an estate plan. The solution is a letter of instruction, which can provide your heirs with guidance if you die or become […]
Social Security doesn’t just pay retirement benefits to retired workers; in some circumstances, it also provides benefits to a worker’s spouse or ex-spouse and to a deceased worker’s surviving spouse. Here are the ins and outs of spouse and survivor benefits.
Spousal Benefits
Spouses are entitled to benefits if the marriage lasted at least 10 years. A […]
Michigan recently began its long anticipated “Estate Recovery” program. The program enables the state to seek recovery of the cost of the medical care expenses paid to a person older than 55 years of age, via the state’s Medicaid assistance programs, from their estate’s assets at their death.
Although “Estate Recovery” was first mandated by the […]
Individual Retirement Accounts (IRAs) are a popular investment tool for retirement, but they also need to be taken into account when doing estate planning. Although IRAs can be used to provide for heirs either directly or through a trust, to what extent your heirs will benefit from the IRA and avoid unnecessary taxes depends on […]
As more and more people marry more than once, prenuptial agreements have become an important estate planning tool. Without a prenuptial agreement, your new spouse may be able to invalidate your existing estate plan. Such agreements are especially helpful if you have children from a previous marriage or important heirlooms that you want to keep […]
Our business has grown by the referrals we receive from our clients. We would like to return the favor by helping you find qualified professionals outside the field of estate planning, probate and elder law.
Are you searching for a professional to help you with needs outside of our firm’s fields of practice? Instead of taking […]
For those in Medicare or about to join there are important changes, including new benefits, since the Affordable Care Act. A free guide to the changes in Medicare created by the Affordable Care Act is available from Consumer Reports. The 15-page guide is easily downloaded in PDF format or can be ordered by phone.The guide […]
Having difficulty keeping on top of your bills? Maybe a daily money manager can help. Daily money managers can assist elderly individuals with handling anything from routine bill-paying to more complicated tasks like filing medical insurance claims.A daily money manager — a member of a relatively new profession that now has its own professional association […]
The first of the 78 million baby boomers turned 65 on January 1, 2011, and some 10,000 boomers a day will reportedly be turning 65 between now and 2030. If you are among those about to turn 65, then it is time to think about Medicare. You become eligible for Medicare as soon as you […]
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