Michigan residents have many different areas to cover when it comes to constructing a comprehensive estate plan. Most everyone will need a will and a couple of different forms of power of attorney. Some will need to consider trusts, which can be one of the best methods of protecting assets. However, when it comes to estate planning, many people may not even think of one particular area, which can be even more important than all the others: long-term planning.
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.