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 »

Ohio Court Fines Trust Mill

From the Wills, Trusts and Estates Prof Blog The Supreme Court of Ohio fined two companies (American Family Prepaid Legal Corporation, and Heritage Marketing and Insurance Services, Inc.) for unauthorized practice of law.   The Columbus Bar Association accused the companies of operating a “trust mill.”   The companies purportedly targeted thousands of senior citizens in Ohio. … 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 »