Skipping out on the possibilities associated with an estate plan only serves to make things more difficult for your loved ones. Plenty of studies have detailed just how many people overlook the importance of having a will or an estate plan. Approximately half of Americans over age 55 don’t have a legally binding answer to …
Almost Half of Older Americans Don’t Have a Plan: Are You One of Them? Read More »
Many studies focus on the experiences of baby boomers – their motivations, how they’ve planned for retirement, and how their large numbers impact healthcare. But as baby boomers continue to get older, it’s been estimated that more than $30 trillion in wealth will be transferred from them to future generations or organizations. So what if …
Are You Ready for the $30 Trillion Wealth Transfer? Read More »
As mentioned in our previous blog post, the Department of Veterans Affairs has formally finalized new rules that establish asset transfer penalties, a three year lookback period, and new asset limits for those individuals applying for VA needs-based benefits. In this blog post, we’ll address those asset transfer penalties and how they interact with the …
What Is the New VA Transfer Penalty for Needs Based Benefits? Read More »
In October of 2018, the Veterans’ Administration released new regulations that makes it far more difficult for applicants to qualify for VA benefits then it did in the past. These rule changes affect several different aspects of VA benefits such as creating new Medicaid-like transfer penalties related to an applicant’s net worth. If you are …
What You Need to Know About Recent Changes in VA Law: Part I Read More »
Are you trying to avoid the process of Michigan probate? Most people make this a goal due to concerns over privacy, cost, or the length of time it takes to complete probate and in order to avoid potential conflict and in-fighting after they have passed. Additionally, due to Michigan’s enforcement of Medicaid Estate Recovery, the …
How Long Does it Take to Probate a Michigan Estate? Read More »