Does your loved one need a Caretaker Agreement now to protect future Medicaid needs? – Authored by: Anisha D. Rutkowski Does your loved one need a Caretaker Agreement now to protect future Medicaid needs? Do you have a spouse or a parent who receives in-home care or care for their home provided by you or …
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Does your business need an estate plan? Authored by: Michael L. Rutkowski Planning for your death, retirement, or divorce as it relates to your business is called succession planning. Sadly, without it, it is highly unlikely that your wishes will actually happen. There are three main situations to consider; death (or incapacity), retirement, and divorce. …
Cars and Death – Authored by: Collin D. Dickey It is not uncommon for someone to pass away without thinking about what will happen to their vehicles when they are gone. But when considering your estate plan and wishes for the transfer of your assets, you should consider each asset and any unique liabilities it …
Trustee Obligations – a Beneficiary’s Perspective – Authored by: Anisha D. Rutkowski If you are a named beneficiary of a Trust, you may wonder what, if any, rights your beneficiary status gives you. First, it depends on the type of Trust. If the Trust is “revocable,” meaning the person who created the Trust can change …
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“Should you set up an LLC for a rental property?” – Authored by: Mike L. Rutkowski If you’re a first-time landlord, or even if you already own a few properties, you might be wondering if it’s worth setting up an LLC to manage your rental properties. After all, you’ve already gone through the process of finalizing a …
Beer or Wine ? – Authored by: Collin D. Dickey We all have preferences when it comes to the things we enjoy in our day-to-day lives. Perhaps you like to have a beer in the evening, or maybe you like a glass of wine with dinner. Maybe you like your coffee or tea prepared a certain …
Can you use Estate Planning to control who determines if you are “disabled?” – Authored by: Anisha D. Rutkowski The short answer is YES! It is typical to see Trust language stating that you will be considered “disabled,” and unable to make important decision for yourself, if one or two doctors come to that conclusion. …
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What is a Trust Protector? – Authored by: Michael L. Rutkowski Trust protectors have been long used in trusts created for the wealthier of our population but are becoming more common place among anyone engaging in the estate planning process. A trust protector is appointed by the creators of the trust to watch over the trust, …
The Financial Power of Attorney and its Importance in Estate Planning – Authored by: Collin D. Dickey The Financial Power of Attorney is one of the four essential components of a comprehensive Estate Plan. But what exactly does this document do for you? And why do you really need it? Dementia is a general term …
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HIPAA and the Far Reaches of Patient Rights – Authored by: Kendra R. Rozboril You’ve probably heard of “HIPAA.” But are you aware of exactly how it may impact your family? In 1996, the federal government passed the Health Insurance Portability and Accountability Act, more commonly known as “HIPAA.” In 2004, Michigan followed suit, passing …