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August 2014 Archives

Trusts serve many purposes, provide inheritances to children

Because people work so hard for their money during their lives, they often want to be the ones to decide where it will go and how it will be used after their deaths. Many Michigan residents fail to make plans and arrangements involving their money until it is too late, however. This often means that their wishes are not fulfilled and conflicts easily arise among family members about inheritances. Trusts provide an effective vehicle to prevent these problems and ensure that a deceased's wishes are carried out after-or even during-his or her death.

Probate dispute between Michigan man and Medicaid

Even for Michigan residents who own very little, the process of probate and estate administration can be difficult and complex for their surviving family members. Struggling through the process, fighting against third parties or those claiming rights to a portion of the estate, and attempting to resolve the deceased's affairs in a way that he or she would have wanted can be very emotionally difficult and draining for someone dealing with the recent loss of a loved one. When estate administration becomes difficult and overwhelming, relatives of the deceased may want to seek the advice and assistance of an experienced attorney.

How to choose an effective patient advocate

Although it is often difficult to think about, it important to think about planning for times when it might be impossible for a person to make decisions for himself or herself. These important decisions might relate to financial matters, personal lives and possessions or medical care. Conflicts between family members over how these decisions will be made can often arise, even though it might be the last thing that a person would want. Creating a health care power of attorney before such a situation arises can help prevent a range of problems and ensure that a person's wishes are carried out, at least with regard to medical care.

Long term planning necessary as relative caregivers decrease

Planning for one's death or physical limitations and health problems is not generally regarded as a pleasant experience by most people. However, long term planning is critical for aging Michigans who want to ensure that their wishes are followed with regard to their medical care and end-of-life plans. In addition, long-term care planning is important to ensure that rising medical expenses and potential nursing home expenses do not unduly burden relatives and caregivers.

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