Month: June 2017

Guardianship – authority to act for the care and protection of another

Despite our best laid plans, sometimes things in life just happen. While it may be impossible to plan for every eventuality in our lives, having awareness of resources available to assist us and our loved ones can make unexpected events somewhat less challenging. Some of these resources include guardianship proceedings available through a Probate Court. …

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New Option for Medicaid Qualification and Retirement Assets

Tax strategies and Medicaid planning goals often conflict. As an example, imagine a single person who requires nursing home care and their main asset is an individual retirement account (“IRA”). In order to qualify for Medicaid this person will need to liquidate the IRA because of the $2,000 asset limit to be eligible for Medicaid …

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LLCs – Why They Have Become The Best Option For Most Small to Medium Sized Businesses

If you have ever been involved with forming a new entity in Michigan within the last 20 years, you have undoubtedly heard of “LLCs”. The acronym stands for “limited liability company” (not “limited liability corporation”, as is often mistaken), and ever since Michigan adopted the Limited Liability Company Act in June 1993 (and later amended …

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