5 Myths About Wills

Excerpts from USA Today Article 1. Estate planning is for rich people. Unless you live in a cave and subsist on roots and berries, you need a will. A will allows you to designate who will receive your property when you die. If you die without one, your assets will be distributed under the terms… Read More »

Guardianships, conservatorships explained

Excerpt from the Oakland Press here A guardianship is a court proceeding over someone who is incapacitated and lacks sufficient understanding or capacity to make or communicate informed decisions. A petition, filed by someone interested in the welfare of that person, must state a specific reason such as: Mental illness, mental deficiency, physical illness or… Read More »

How likely is it that you will need nursing home care?

According to the U.S. Congressional Budget Office*, 33% of seniors over age 65 will spend at least 3 to 12 months in a nursing home.  In Michigan, the average cost of a nursing home is nearly $6,400.00, per month.  So, even 12 months would cost more than $76,000.00. What is worse is that the C.B.O…. Read More »