Prince Law Firm
Call For A Consultation
Toll Free 866-383-1125
Local 248-419-1968

Long-Term Care Planning Archives

Is Michigan facing a long-term care crisis?

Previous posts have encouraged Michigan residents to account for long-term care when developing an estate plan. It is often one of the most overlooked aspects of future-needs planning. Arranging for long-term care often includes scheduling affairs to ensure elder years are comfortable and that assets are maintained to pass down to designated beneficiaries.

Michigan officials propose long-term care system

Elderly citizens in Michigan may soon see more options for long-term nursing home care. State health officials plan to file for approval of a system that aims to better manage long-term care for seniors who are eligible for Medicare and Medicaid.

Estate planning in Michigan should include long-term care

In the case of America's population in general, and Michigan's especially, statistics show that people are living longer. Michigan's population percentage of people 65 and older is greater than the national average, according to the 2010 U.S. Census. What the statistics don't show is that not everyone is preparing for this new reality in their early-life estate planning.

Happiness in the Golden Years requires long-term planning

The latter years of life, lovingly dubbed the "Golden Years," aren't always as easy as they should be. Unfortunately, many people reach these late-in-life years only to discover that a lack of long-term planning has left them unable to pay for the care they will need to combat failing health. While it is natural for one's health to deteriorate with age, for some people failing health is a more serious concern than for others. That is why planning ahead for necessities like long-term care should be considered vital to maintaining a good quality of life, not only for residents of Michigan, but for people all over the United States.

Long-term planning essential for Michigan auto workers

Michigan residents who are considering long-term planning may be interested in a recent report by the Wall Street Journal. The report highlights the fact that the United Auto Workers Union (UAW) is short on funds. This means that the group's retiree healthcare trust fund is in jeopardy, making the process of long-term planning for auto workers that much more important.

Financial help in estate planning for low-income seniors

Michigan residents who are concerned about how to pay for legal assistance in estate matters may be interested to hear of a service currently being offered in Florida. The Community Law Program is a service which offers low-income seniors assistance in legal matters such as estate planning, trusts, and establishing powers of attorney. Although the program is currently in Florida, it may encourage Michigan seniors to look for something similar in their area.

Medicare may not fund the Golden Years: estate planning now

There's no doubt about it: when it comes to health care, the older we get, the more complex--and expensive--health care can get. Long-term nursing home care is perhaps one of the most expensive forms of health care, and one that many Americans will need in their later years. The good news is this: with some careful planning, the transition to long-term nursing home care doesn't have to be as much of a strain on Detroit residents' bank accounts.

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office

Prince Law Firm
800 W. Long Lake Road, Suite 200
Bloomfield Hills, MI 48302

Fax: 248-865-0640
Bloomfield Hills Law Office Map

Connect with us

  • Facebook
  • Twitter
  • Linkedin
  • Google+
VISA | Master Card | American Express | Discover Network