Asset Protection Trusts
Protecting Your Children’s Inheritance From Divorce
We all hope our children will grow up, meet someone special, and that individual will be a part of the family forever. But as we all know, marriages can end and sometimes they end badly. As much as we may want to, we CANNOT spare our children the pain inflicted when a marriage ends. But…
Read MoreMedicaid – How To Know When To Spend Down and When Not To!
We are asked all the time in our office about the Michigan Medicaid spend down. What is it, anyway? Medicaid eligibility for the nursing home, assisted living, or home care holds basically two major requirements: Medical Eligibility. You must require assistance with a certain number of activities of daily living (cooking, transferring, bathing, toileting, and…
Read MoreIt’s Time To Talk To Your Parent About Aging
There is one certainty in life that none of us can escape: we will all die someday. The hope is this will occur when we’re old, slipping peacefully away in our sleep, but inevitably, it is guaranteed to happen to each of us. Unfortunately, too many of us pass away without leaving a proper plan…
Read MoreThe Family Cottage
Ahh, the family cottage. A little slice of heaven on earth providing nothing but rest and relaxation, right? Hopefully! But the truth is a number of issues may be hiding just off the dock. With proper planning though, these issues can be avoided and dealt with without ruining Thanksgiving. Two common issues that require understanding…
Read MorePreserve Your Family Wealth With Proper Medicaid Planning
Preserve Your Family Wealth With Proper Medicaid Planning: 5 Important Things to Consider As retirement approaches, many people shift from a focus of making more money to preserving the assets and resources they have built up over their working years. The shift from growth mode to protection mode is common and should be taken seriously.…
Read MoreHow Gifts Can Affect Your Medicaid Eligibility
We have all heard the phrase “it is better to give than to receive.” This is absolutely true, but if you think you might someday want or need to apply for Medicaid long-term care benefits, you need to be careful. You may be surprised to know that giving away money or property of any kind…
Read MoreThe Real Cost To Your Family When You Don’t Plan For Incapacity
When you hear the words estate planning, you may automatically think about establishing documents to ensure the right people inherit your stuff when you die. And you are not wrong- putting a proper plan in place to protect and pass on your wealth and other assets is a fundamental part of the planning equation. But…
Read MoreWhat Exactly IS Probate?
Ah, that forever-fretted term, Probate! Does it give you the heebie-jeebies? It really shouldn’t. In short, Probate is the process used to transfer assets of someone who is deceased to their heirs or other designated persons, charities, etc. During your lifetime, you are free to transfer your assets as you choose simply by gifting or…
Read More5 Signs Your Aging Parent May Need Care
Having a peace of mind when it comes to your aging parents is something that might be hard to accomplish, but we’re here to help . If you notice any of these warning signs from aging family members , give us a call. A proactive conversation about paying for care could save hours and dollars…
Read MoreFamily Cottages
Take good care of your unique asset. A family cottage is special and is worth putting the proper plan in place with your local Alles Law real estate law attorney. In this short video Alles Law attorney Jordan Bush explains what you need to know about family cottages & the law in Michigan.
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