As we age, we must rely on our loved ones and others to watch over us and assist us. We may even put our faith in these people to manage our finances. Unfortunately, there are some people who prey on the elderly with the intention to steal from them and misuse their...
A last will and testament is the main way many people pass on their estate to loved ones. In your case, you may wish to avoid probate for at least some of your assets. By setting up your assets so they pass on to specific beneficiaries after your death, you can bypass...
Many people who file bankruptcy only need to do so once to discharge or repay their debts. Yet, yours may have continued mounting after your first bankruptcy. You may fear that you cannot file a second time. But you can do so, depending on the date of your previous...
When thinking about estate planning, most people with children and grandchild feel good about leaving these family members a treasured legacy. This may include special heirlooms handed down through the generations or financial assets. Estate planning after remarrying...
When an injury, illness or other factors leave you incapacitated and unable to work, you may pursue disability benefits through the Social Security Administration. With treatment and time, you may find yourself feeling ready to get back to work, but weary of failing...
If you have an aging family member with considerable wealth in Michigan, you may feel concerned about his or her ability to manage and protect financial assets. Helping your family member feel comfortable with asset maintenance and protection may require time and...
If you experience financial hardship to the point where you are unable to pay down your debt and afford basic living expenses, you may consider filing for bankruptcy. There are two types of bankruptcies for which consumers can file: Chapter 7 and Chapter 13. Chapter...
Whether you are approaching retirement or you have concerns about aging loved ones, Medicaid planning can ensure your preparedness for future long-term care needs. Eligibility for Medicaid varies by state, so Michigan residents must review and understand these...
An important part of estate planning is choosing an executor to oversee everything in the event of death. The role is nothing to take lightly, so it is a good idea to consider different factors before naming one. Because the role of executor is demanding, it is also...
Making the decision to file for bankruptcy takes a lot of consideration. Although it gives people a fresh start, it also negatively affects one’s credit and ability to borrow money. The good news is it does not take long to bounce back if one is responsible and takes...