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 …
Own Nothing, Control Everything – What is an Asset Protection Trust? – Authored by: Collin D. Dickey If you have a high net worth, you may already know that considering an Asset Protection Trust is worth your while. But not only the super wealthy should be considering this estate planning vehicle. If you have creditor …
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Adult Guardianship – what is it and when is one needed? – Authored by: Anisha D. Rutkowski When you hear the term “guardian,” you may simply think of a circumstance where an adult is responsible for caring for a child. However, there are numerous situations where a guardian may be needed to handle the care …
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During the holiday season, it may not seem ideal to be thinking about you and your loved ones aging or passing away. However, the holidays undeniably provide quality time to discuss important estate planning topics with family. During this time of year, you may see family members that you do not regularly visit with. This …
What can an Elder Law Attorney do for you? – Authored by: Kendra R. Rozboril The title “Elder Law Attorney” is broad in the sense that an attorney practicing in this area handles many different matters. An Elder Law Attorney counsels clients on issues that arise in basic estate planning, long-term care, and everything …
The Healthcare Power of Attorney and its Importance in Estate Planning – Authored by: Anisha D. Rutkowski The Healthcare 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? Imagine this. The beginning stages …
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How do I put money and assets in my Trust? – Authored by: Michael L. Rutkowski Putting money and assets in a Trust is typically referred to as the process of “funding” a Trust. Only assets that are “funded” in the Trust will have the Trust protections and follow the plan created within it. The …
What is a Lady Bird Deed? – Authored by: Collin D. Dickey You may have heard the term, “Lady Bird Deed,” and wondered what this type of deed does. The Lady Bird Deed got its name when President Lyndon B. Johnson used it to convey property to his wife, Lady Bird Johnson. Today, a Lady …